2025 (3) TMI 2301

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....Y. 2017-18. The impugned order was emanated from the order of the Assessment Unit, Income-tax Department (for brevity the Ld. "AO"), passed under section 147 read with section 144B of the Act, date of order 18/05/2023. 2. A search and seizure operation under Section 132 of the Act, 1961, was conducted in the case of Renuka Mata Multi-State Urban Co-operative Credit Society Ltd. (hereinafter referred to as 'the society') on 26.05.2017. During the course of the search, it was discovered that substantial sums of money had been deposited in the bank account maintained by the assessee with the society. During the assessment proceedings, the society failed to satisfactorily explain the source of these deposits. It was observed that the ass....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sessee failed to comply with the notices issued by the appellate authority. Dissatisfied with the order of the Ld. CIT(A), the assessee has preferred the present appeal before us. 3. The Ld. AR contended that the assessee was suffering from a lung infection, which prevented compliance with the notices issued by the Ld. CIT(A). In light of these circumstances, the Ld. AR prayed for a remand of the matter to the file of the Ld. CIT(A) to provide the assessee with a fresh opportunity to present its case de novo. 4. The Ld.DR argued and relied on the order of the Ld.CIT(A). The relevant paragraphs 5.3.1 to 5.3.2 are reproduced as below:- "5.3.1. The appellant failed to comply with any of the notices issued during the appellate pr....