2026 (6) TMI 1390

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....hukrishnan, CA For the Revenue : Sri Jeetendra Kumar, CIT DR ORDER PER PRASHANT MAHARISHI, VICE - PRESIDENT 1. This appeal, being ITA No. 162/Bang/2025, is filed by the assessee, Ramya Tumkur Guruchannabasappa, for Assessment Year 2019-20 against the assessment order passed by the Income Tax Officer, Ward International Taxation-1(1), Bengaluru, under section 144 read with section 144C ....

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....ble transactions of Rs.1,83,25,770, bank interest of Rs.86,638 from Vijaya Bank, interest of Rs.13,938 from Oriental Bank of Commerce, and an outward remittance of Rs.5,37,482. 3. Thereafter, notices under section 142(1) of the Act were issued to the assessee seeking details and supporting documents. A show-cause notice dated 5 January 2024 was also issued, but the assessee did not respond. The....

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....by the Panel. 4. Aggrieved by the final assessment order, the assessee is in appeal. The learned authorised representative filed a paper book containing 13 pages, including the remand report dated 22 October 2024 submitted before the Dispute Resolution Panel and the assessee's rejoinder dated 4 November 2024. He submitted that the Panel had, in substance, deleted the entire addition. However, d....

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....tions dated 28 November 2024, the Dispute Resolution Panel directed the Assessing Officer to delete the addition of Rs.3,28,25,770. The Assessing Officer therefore treated the difference of Rs.10,00,000 as sustainable and retained that amount. We find that the mention of Rs.3,28,25,770 instead of Rs.3,38,25,770 in the Panel's direction is merely a typographical error. In substance, the Panel direc....