2026 (5) TMI 886

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...., JM: The application for condonation of delay of 135 days in filing appeal and the appeal filed by the assessee is against the order dated 06.07.2018 of the Ld. Commissioner of Income Tax (Appeals)-IV, Kanpur (hereinafter referred to as "Ld. CIT(A)"), u/s. 250(6) of the Income Tax Act, 1961 (hereinafter referred to as "the Act"), arising out of order dated 30.12.2017 of the Ld. Assessing Offic....

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....eturn of income on 25.02.2012 declaring total income of Rs.  3,73,580/-. Notice u/s. 143(2) of the Act was issued dated 12.12.2017. Notice u/s. 142(1) along with questionnaire was issued on 14.12.2017. Sh. Tanuj Garg, CA and AR, appeared and submitted details. 3. On completion of proceedings, Ld. AO vide order dated 30.12.2017 made addition of Rs. 5,30,000/- for the cash deposits. 4. Ag....

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.... 3. On the facts and circumstances of the case, the learned assessing officer has erred both on facts and in law in making the addition without providing the proper and reasonable opportunity of being heard and violative of principles of Natural Justice. 6. At the time of hearing, none appeared on behalf of the assessee. In application assessee has submitted that, due to huge losses, sh....

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.... vide order dated 06.07.2018 confirmed addition of Rs. 5,30,000/- made by Ld. AO, on basis of cash deposit in Bank of Maharashtra. Ld. CIT(A), rejected cash book and statement of account for the relevant period with the Bank which had opening balance Rs. 4,33,950.78/- in cash book as on 01.04.2010. Copy of rent agreement and confirmation from tenant were also submitted. Ld. CIT(A) rejected cash bo....