TaxTMI 
TaxTMI 
2026 (7) TMI 695
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....we find that there is a delay of 30 days in filing the present appeal before the Tribunal. The assessee has filed a petition for condonation of delay along with an affidavit explaining the reasons for the delay. The Learned Authorized Representative ("Ld. AR") submitted that during the relevant period, the assessee was residing in Canada and all his income-tax matters were being looked after by his Chartered Accountant at Hyderabad. It was submitted that the order of the Ld. CIT(A) was uploaded on the Income-tax portal and the same escaped the attention of both the assessee as well as his Chartered Accountant. The Ld. AR further submitted that during the relevant period, the Chartered Accountant of the assessee was heavily preoccupied with ....
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....explained by the assessee in the condonation petition and affidavit, the short duration of delay of 30 days, and in the absence of any serious objection from the Revenue, we are satisfied that the assessee was prevented by sufficient cause from filing the appeal within the prescribed period. Accordingly, in the interest of substantial justice, the delay of 30 days in filing the appeal is condoned and the appeal is admitted for adjudication on merits. 5. The assessee has raised the following grounds of appeal: "1) The order of the learned CIT (A) is erroneous both on facts and in law; 2) The order of assessment is not validly made as the notice u/s 148A(b), order u/s 148A(d) and the notice u/s 148 of the I.T.Act are not ....
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....e of such investment. After considering the submissions of the assessee, the Ld. AO was not satisfied with the explanation regarding a sum of Rs.5,71,944 claimed to have been received by the assessee as a gift from his mother. The Ld. AO treated the said amount as unexplained investment under section 69 of the Act and added the same to the income of the assessee. Accordingly, the assessment was completed by the Ld. AO under section 147 read with sections 144 and 144B of the Act on 26.02.2025 assessing the total income of the assessee at Rs.5,71,944. 7. Aggrieved by the assessment order, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A) confirmed the addition made by the Ld. AO and dismissed the appeal of the assessee....
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....cordingly, the Ld. DR prayed that in case the Tribunal considers the said bank statements relevant, the matter may be restored to the file of the Ld. AO for verification of the same. 10. We have heard the rival submissions and perused the material available on record. The solitary dispute involved in the present appeal relates to the addition of Rs.5,71,944 made by the Ld. AO under section 69 of the Act on account of alleged unexplained investment. The assessee has explained that the impugned amount represented a gift received from his mother. In support thereof, the assessee has submitted a confirmation letter from his mother placed at page no. 24 of the paper book, confirming the gift of Rs.5,71,944. We further note that the assessee h....