2026 (7) TMI 1162

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....reinafter referred to as 'the Act') dated 30.09.2021 by the Assessing Officer, DCIT, Central Circle-25, New Delhi (hereinafter referred to as 'ld. AO'). 2. At the outset, we find that there is a delay in filing of appeal by the assessee before us by 146 days. Considering the reasons adduced in the condonation petition, in the interest of substantial justice, we hold that assessee was prevented from sufficient cause in not filing the appeal in time before us and accordingly we are inclined to condone the delay and admit the appeal of the assessee for adjudication. 3. The only issue to be decided in this appeal is as to whether the Learned CITA was justified in confirming the addition made by the Learned AO in the sum of Rs. 33,50,000 u....

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...., and the same amount was carried by the assessee and her husband Shri Rajveer Singh while coming from Dehradun. 6. Pursuant to action conducted under section 132A of the Act, proceedings under Section 153A of the Act stood initiated in the case of the assessee. The Assessee filed her income tax return for the assessment year 2020-21 on 23-09-2021 declaring the total income of Rs 42,21,948. The learned AO in the assessment order noted that Assessee had sold the property i.e. Khasra No. 445, Plot No. 17BA, Dhoran Khas village, Pargana- Parvadoon, Rajeshwar Nagar Phase 1, Dehradun to Smt Sudha Yadav during the year under consideration for total consideration of Rs 64 lakhs.The Assessee was directed to produce the copy of sale deed along wi....