2026 (4) TMI 1400

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....ase are that the assessee being an individual did not file the return of income for the assessment year 2015-16.The case was reopened under Section 147 of the Act after obtaining approval of the competent authority. As per the information available with the department it was noticed that the assessee derived salary income amounting to Rs. 89,59,107/- and other income amounting to Rs. 1,03,714/-. The Assessing Officer in the absence of the return of income treated the above income as escaping assessment for the assessment year 2015-16 and thereafter issued a notice under Section 148 on 30th March 2021. The assessee failed to respond notice under Section 148 of the Act. Thereafter notice under Section 142(1) of the Act dated 23.06.2021 was is....

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....oticed that assessee has prayed for considering the TDS amount only to be adjusted against the tax liability. Accordingly he also noticed that the Assessing Officer has passed an order under Section 154 of the Act stating that the tax credit will be granted to the assessee after the migration of challan. The learned CIT-A noticed that since the assessee has not raised any other issues before the learned AO, therefore dismissed the appeal of the assessee. 5. On being aggrieved with the order of the learned CIT-A assessee is in appeal before us by raising five grounds: 1) The impugned order under Appeal is for the AY 2015-16 and the same is opposed to law and facts of the case for the contentions raised here under. 2) The....

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....on 80TTA and e) Deduction under Section 80C, and also loss relating to income from house property. 7. At the outset the learned AR pleaded that learned AO erred in not considering the above exemptions and deductions which is available in Form 16 and also in Form 26AS. He pleaded that assessee has inadvertently omitted to claim this exemption while filing the return of income. Since the Form 16 discloses the above exemptions and deductions he prayed that one more opportunity shall be provided to the assessee to furnish the detail before the learned AO to substantiate the exemptions and deductions claimed by the assessee. Per contra the learned DR submitted that the assessee failed to file any return of income for the assessment y....