2026 (3) TMI 1006

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....018 calling the assessee to file return of AY 2017-18 relevant to previous year 2016-17. The AO also issued follow up notices u/s 142(1) and a show-cause notice u/s 144. However, all notices issued by AO remained un-complied by assessee. Ultimately, the AO completed ex-parte assessment u/s 144 after deeming the cash deposits of Rs. 16,95,447/- made by assessee in bank a/c during entire previous year 2016-17 as unexplained money u/s 69A r.w.s. 115BBE. Aggrieved, the assessee carried matter in first-appeal before CIT(A). During proceeding of first-appeal, the CIT(A) found that the assessee's appeal was time-barred having been filed after inordinate delay. The CIT(A) further observed, in para 3.4 of impugned order, that the assessee has failed to explain such inordinate delay. Ultimately, the CIT(A) dismissed assessee's appeal in limine without adjudicating on merit. Now, the assessee has come in next appeal before us. 3. The assessee in present appeal is aggrieved by the addition of Rs. 16,95,447/- made by AO u/s 69A r.w.s. 115BBE on account of unexplained cash deposits made in bank a/c. 4. Ld. AR for assessee at first submitted that the assessee is residing in a small ....

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.... 28.02.2022 be excluded for the period of limitation for filing of appeal due to Covid 19 hardship. (441 ITR 0722 (SC), 2022) Letter received from IDBI bank on 17.09.2021 where the mistake was acknowledged by the bank and the same was sent to income tax department as well (copy of letter attached) explaining the mistake made by the bank themselves. Complain made to Collector on 28.09.2021 regard mistake of bank (copy of letter attached) Date of challan of appeal filed on 10.12.2021 but due to technical reason the appeal was never submitted on the portal as there were technical glitches during the start of new income tax website. After receiving of demand order the assessee realised that appeal was never being filed on the portal though challan had been submitted on the portal which when realised appeal was then later submitted on 24.02.2024. Complain made to CM Helpline on 20.12.2021 resolved on 08.02.2022 (copy of letter attached)- Assessee made complain to CM helpline where assurance was given from bank that the mistake of mentioning 1500000/- in bank account has been corrected after which assessee thought the mistake made by the bank had been ....

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....it fit to condone the delay. Accordingly, the delay in filing first-appeal is condoned. 10. On merit, we find that the impugned addition made of Rs. 16,95,447/- made by AO includes a sum of Rs. 15,00,000/- which represents a wrong credit entry made by the bank on 10.11.2016 and reversed on the very same day. The said factual position stands duly supported by the bank confirmation and other contemporaneous evidences placed on record. In our considered view, such wrongly credited and immediately reversed entry cannot be treated as unexplained money in the hands of the assessee u/s 69A. Accordingly, the addition to the extent of Rs. 15,00,000/- is directed to be deleted. However, in respect of the balance amount of Rs. 1,95,447/-, the Ld. AR for assessee himself has admitted the same to be his regular income from photo studio activity. Therefore, the Ld. AO is directed to assess the said amount as normal income chargeable to tax at the applicable rates and not u/s 115BBE. We agree to Ld. DR's submission and make a specific mention that we have taken a judicious decision having regard to the facts this case and the adjudication made by us shall not be quoted or treated as a prec....

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....à¤•à¤®à¤¾à¤°à¥à¤¥à¥€ को शायर विषय ५ ० एसटीस दिया गया है इस मां की भर उपरोका साथी ५०० मई : एके आयकर विभाग की सौम्याको नहीं होने की काठ है एवं हरे. " १:३: Rs.7एण उपरोक्त आदेश शिक्षा : पीड़ दलमें ? देर हुई १४ के अधीय आदेश आयकर - 2 0 के में दिनांक 2- पे क्षा साथी का à¤....

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....िनांक 20/12/2021 जिसमें आपके द्वारा बताया गया है कि शिकायतकर्ता तिलक कुमार मालवीय जी द्वारा बताया गया कि आवेदक का गाम तिलक कुमार मालवीय जी बैंक का नाम आई डी बी आई बैंक , बैंक शाखा का नाम झाबुआ बैंक का खाता नम्बर 1631104000007085 आवेदक का कहना है की नोट बंà....

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....°à¥ 1500000 कर दिया था जो की उसी समय दिनांक 10/11/2016 में भुटि का सुधार कर लिया गया था। उसके पश्चात आयकर विभाग द्वारा आपके खाते की जानकारी तथा उचित कार्यवाही के लिये नीचे दी गयी दिनांक को भिन्न भिन्न नोटिस प्राप्त हुये जो इस प्रकार है - के दिनांक à....

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....¯à¤¾ गया है जो की उनके ऑर्डर के बाद ही पुनः संचालन के निवे आपको स्वीकृति दी जायेगी। आर्टरीबीआई बैंक साबुभा Document 5 दिनांक -23/03/2022 प्रति, शाखा प्रबन्धक आईडीबीआई बैंक जिला साबुना, मध्य प्रदेश विषय : सीएम हेल्पलाइन से शिकायत क्रमांक 16163598 दिनांà....