TaxTMI 
TaxTMI 
2026 (6) TMI 349
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.... email or verify IT portal. Assessee is under treatment for IHD, LVD, Dementia, and Peripheral neuropathy, since 2016. A copy of the medical certificate is attached herewith. 2. Due to his illness the assessee was not aware about the assessment proceedings and cannot reply to the notices during the assessment proceedings. 3. On the facts and circumstances of the case and in law, the learned assessing officer has failed to understand the true nature of the cash deposit and ignored the earlier cash withdrawn from the bank. During the demonetization assessee has deposited cash of Rs. 10,00,000/- in the State Bank of India and Rs. 5,00,000/- in Ahmedabad District Central Co-op Bank from withdrawals, which were made ea....
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....y making addition of Rs. 15,00,000/- u/s 69A of the Act for cash deposit. 6. CIT(A) has not condoned the delay of 1609 days on the ground that the reason of delay given by the assessee was not acceptable since the documents were inconsistent and lack of supporting proof. As mentioned at Para 7.1.2 on Page 7 & 8 of CIT(A) order. 7. The learned CIT(A) erred in refusing to condone the delay of 1,609 days, holding that the reasons furnished by the assessee were not acceptable on the alleged ground that the supporting documents were inconsistent and unsupported by adequate evidence. Inspite the hospital and doctor certificate were attached and discussed by the CIT(A) and in its order. 8. That on the facts and in the ci....
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.... order." 3. The assessee is an individual and has income from other sources during the A. Y. 2017-18. Assessee is an agriculturalist by occupation. Since the assessee has not filed the income tax return under section 139 of the Act and deposited substantial cash in bank account during the demonetization period, the case was selected from data analytics and information gathered during the phase of online verification under Operation Clean Money. Hence, the AO issued notice u/s 142(1) on 12/03/2018. Assessee filed his return of Income for the A.Y 2017-18 on 15/11/2019 declaring total income of Rs. 4,39,684/-. Accordingly, AO has issued various notices to the assessee asking for certain details related to the cash deposit. The Assessing Off....
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.... of 01-04-2015 to 30-03-2017 before the Tribunal. The ld. A.R. further submitted that the assessee has derived agricultural income and therefore the cash deposit in bank account was explained to the Assessing Officer and hence the same cannot be treated a unexplained cash credit u/s. 69A of the Act. 6. The ld. D.R. relied upon the assessment order and the order of the CIT(A). 7. Heard both the parties and perused all the relevant material available on record. From the perusal of the records, it appears that the assessee is very old person and the medical condition of the assessee categorically explains that the assessee was not able to fully contest the matter before the CIT(A). From the perusal of the records submitted before the Tri....