2026 (6) TMI 237

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....essment order passed by the Assessing Officer u/s. 147 r.w.s. 144 of the Act, on 27.03.2022. 2. Solitary grievance of the assessee in the grounds of appeal, mentioned in Form No. 36 are that Ld.CIT(A)/ NFAC erred in law and on facts in making addition on account of disclosed investment in Mutual Fund and Insurance Policies to be deemed income u/s. 69 r.w.s. 115BBE at Rs. 15,90,986/-. 3. Learned Counsel for the assessee informs the Bench that assessee does not wish to press additional legal grounds raised by the assessee, therefore, I dismiss the additional grounds/ legal grounds raised by the assessee, as not pressed. 4. Succinctly, the factual panorama of the case is that assessee before me is an Individual and had not filed her r....

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....cer that She was married and just now living in Delhi and under medical treatment of pregnancy. At that time there are lockdown everywhere in India as well as in the world, due to COVID-19 pandemic, therefore it was impossible to attend office, but she had submitted all the supporting evidences, like copy of balance sheet, capital account, statement for investment and copy of 7-12 & 8-A for holding agricultural land, Source of investments like Agriculture income (crops sales bills) etc, by e-mail to the Income-tax Officer, Ward-3, Valsad, as on dated 24.03.2020. 5. However, the assessing officer rejected the above contention of the assessee and held that as per the information available in the system, the notice u/s 148 has been duly bee....

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....dition made by assessing officer was confirmed by ld.CIT(A). 7. Being aggrieved by the said order of the ld.CIT(A), the assessee is left with no other alternative but to knock on the doors of the Tribunal with this appeal praying for justice. 8. I have heard both the parties and carefully gone through the submission put forth on behalf of the assessee along with the documents furnished and the case laws relied upon, and perused the fact of the case including the findings of the ld CIT(A) and other materials brought on record. Learned Counsel submitted that assessee being agriculturalist, submitted during the assessment proceedings, entire documentary evidences to prove his claim such as, copy of balance sheet, capital account, stateme....