2025 (3) TMI 1712

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....atedly. On going through the case file, we notice that on the previous occasions also assessee was informed telephonically on 15.01.2025 regarding this date but till none appeared on behalf of assessee nor his representative appeared, the only ground raised by the assessee relates to challenging the order of Ld. CIT(A) in confirming the additions made u/s 68 of the Act. On the contrary Ld. DR present in the court is ready with the arguments. Therefore I have decided to proceed with the hearing of the case ex parte. 3. After hearing Ld. Ld.DR and perusal of record, I noticed that assessee made cash transactions amounting to Rs. 16,10,000/- in the savings bank account during the year under consideration and the source of which remained une....

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....in compliance to notice u/s 148 and also seeking explanation with regard to source of cash deposit amount to Rs. 1610000 in his saving bank account. Further, it is seen that AO had issued the notice on the address given in the bank account of the appellant to ensure that notice and communication is properly reach to the appellant. Still no reply and response was made by the appellant during the assessment proceedings. In view of the above facts the AO invoked Section 144 for completing the assessment. Accordingly, the AO has made addition of Rs. 1610000 as unexplained cash u/s 68 in the absence of any reply/explanation from the appellant. 6.5 The appellant has opposed the findings of the AO with regard to addition of Rs. 1610000 ma....

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....om his family members from the Kerala. This office sent the submission of the appellant for examination and verification to the AO in the remand proceedings. The AO has submitted his Remand Report dated 01.05.2024 which is appearing in the paragraph 5 above. From the Remand Report, it is seen that the appellant has once again not cooperated and filed any reply to substantiate his claim of cash belonging to his family members. The AO has reported that during remand proceedings appellant has not appeared and neither furnished any documentary evidence which proves that cash belongs to his family members The AO has reported that appellant has failed to explain the source of cash deposit in the bank account with any substantial documentary evide....