2025 (4) TMI 1906

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....eless Appeal Centre, Delhi, (in short referred to as "CIT(A)"), arising out of the exparte reassessment order passed under section 144 r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') relating to the Assessment Years 2010-11 to 2012-13 respectively. Since common issues are involved in the above appeals, for the sake of convenience, the same are disposed of by this common order. 2. ITA No. 873/AHD/2023 is taken as the lead case. Brief facts of the case is that the assessee is an individual has not filed the Return of Income u/s. 139 of the Act for the Asst. Year 2010-11. The assessee made cash deposits in various bank accounts and sold immovable property to the tune of Rs. 2.57 crores along with other co-owner....

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....ed CIT(A) erred in law and on facts in confirming the AO's addition of Rs. 7,57,142/- being the amount of sale proceeds of immovable property treating the same as undisclosed capital receipt, such addition is requested to be deleted. 3. The learned CIT(A) erred in law and on facts in confirming the AO's addition of Rs. 27,65,000/- being the credit entries in the ledger of Broker Kaynet Commodities Pvt. Ltd. considering the same as unexplained expenditure, such addition is requested to be deleted. 5. The appeals were listed for hearing from 22-02-2024 till 01-04- 2025 on twelve occasions. First few occasions, Ld. Counsel sought for adjournment, since his mother was hospitalized on account of fracture in leg. On medical grounds ad....