2026 (3) TMI 533

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....alled for hearing, no one appeared on behalf of the assessee, nor was any application seeking adjournment filed. From the perusal of the record, we find that the notice of hearing was sent to the assessee through Registered Post A/D as well as by e-mail at the postal/email address provided in Form No.36. However, no one appeared on behalf of the assessee. Therefore, in view of the above, we proceed to decide this appeal ex parte qua the assessee on the basis of the material available on record and after hearing the learned Departmental Representative ("learned DR"). 3. In this appeal, the assessee has raised the following grounds: - "1. That on the facts and in the circumstances of the case Ld. A0 has erred in making addition u/....

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.... best judgment basis under section 144 of the Act. From the data analytics and information gathered during the phase of online verification under "Operation Clean Money", it was observed that the assessee had deposited cash amounting to Rs. 14,39,648 in the bank account in the name of his proprietorship concern during the demonetisation period in Specified Bank Notes. The details of the cash deposited by the assessee during the demonetisation period are as follows: - S. No. Name of the Bank account no. Cash deposit (in Rs. ) 1. Union Bank of India, Indore, 666301010050115 6,61,998 2. Union Bank of India, Indore, 666301010050097 7,77,650 Total amount 14,39,648 5. Accordingly, the assessee was directed to e....

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....of the assessee from salary in house property was also not allowed. Accordingly, the AO computed the total income of the assessee at Rs. 26,84,480 and taxed the same under section 115BBE of the Act. 7. It is evident from the record that even though the assessee filed the appeal before the learned CIT(A), despite the grant of sufficient opportunities, no details were filed against the additions made by the AO. From the perusal of the impugned order, we find that the learned CIT(A) issued notices on 23/03/2021, 13/09/2023, 05/12/2023, 06/08/2024 and finally on 22/01/2025, but the assessee did not respond to any of these notices. Accordingly, the learned CIT(A) held that the assessee made no effort to counter the findings of the AO either b....