2025 (2) TMI 1650

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....5/1069856469(1), dated 22/10/2024 arising out of the order passed U/s. 154 of the Income Tax Act, 1961 ("the Act"), dated 21/06/2019 for the AY 2016-17. 2. Facts in brief are that the assessee is an individual, filed her return of income admitting a total income of Rs. NIL for the AY 2016-17 on 31/3/2017. The case was selected for scrutiny under CASS to examine "whether cash deposit has made from disclosed income (ii) investment and income from property are duly disclosed. Thereafter, statutory notices U/s. 143(2) and 142(1) of the Act were issued and served on the assessee from time to time. Further, a show cause notice dated 8/12/2018 was also issued on the assessee requiring to explain the source for bank deposit in the bank account a....

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.... of income filed by the assessee declaring a loss of Rs. 11,07,867/- which was not allowed by the Ld. AO while making the addition of Rs. 8 lakhs U/s. 69A of the Act. The Ld.CIT(A)-NFAC considered that the assessee has filed an appeal against the order passed U/s. 154 instead of order passed U/s. 143(3) of the Act and dismissed the appeal of the assessee. On being aggrieved by the order of the Ld. CIT(A)-NFAC, the assessee is in appeal before the Tribunal by raising the following grounds of appeal: "1. The order of the Ld. CIT(A) is contrary to the facts and also the law applicable to the facts of the case. 2. The Ld.CIT(A) ought to have appreciated that the action of the Assessing Officer in not setting off the loss of Rs....