2026 (1) TMI 808

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....shar Advocates For the Respondent : Ms. Harpreet Kaur Hansra, Sr. DR ORDER PER VIKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short 'the CIT(A)'] dated 10.12.2024, for Assessment Year 2008-09. 2. The appeal is time barred by 108 days. The assessee has filed a petition fo....

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....tly, the assessee asked for the reasons for reopening of the assessment. The reasons provided to the assessee are at pages 1 & 2 of the paper book. Referring to the reasons, the ld. Counsel submitted that the Assessing Officer (AO) has recorded reasons for reopening on wrong assumption of fact that no return of income for AY 2008-09 was filed by the assessee. Whereas, the assessee had filed his re....

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....is of said AIR Information, the AO recorded the reasons for reopening and issued notice u/s.148 of the Act. The said notice was received back un-served from the postal authorities as the assessee changed his address without any information to the department. The AO deputed the Inspector to contact the assessee on his mobile number. The Inspector called the assessee on his mobile number and asked t....

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....t is found that Shri Dinesh Babu Saxena, SO Shri Fakir Chand Saxena, the assessee purchased immovable property on 01/02:2008 for a sum of Rs. 63,00,000/-. As per record of this office the return of income had not been filed by the assessee for A. Y. 2008-09. On the basis of the information in my possession, I have reasons to believe that the investment in the purchase of property is out o....