2026 (9) TMI 440

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....ssee : Shri P.M. Jagasheth, CA For the Respondent : Shri Ashish Kumar, Sr. DR ORDER PER : SUCHITRA KAMBLE, J M: The appeal filed by the assessee is against the order passed by the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [in short "CIT(A)"] dated 09.03.2026 for the Assessment Year (in short "AY") 2019-20. 2. The assessee has raised ....

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....w, the learned Commissioner of Income Tax (Appeals) erred in directing the Assessing Officer to estimate the taxable income of Rs. 10,07,245/-. 4. On the facts and in the circumstances of the case as well as the law on the subject, the learned Commissioner of the Income Tax (Appeals) has erred in confirming the action of the Assessing Officer in initiating penalty proceedings u/s 271AAC o....

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....fter due date and hence was not considered as valid return. No notice u/s 143(2) of the Act was issued to the assessee. The assessee declared income at Rs. 2,47,610/- in invalid ITR as per the AO. Subsequently, assessment u/s 147 r.w.s. 144B of the Act was completed on 08.01.2024 making addition of Rs. 16,70,520/- being undisclosed/unexplained money u/s 69A of the Act. 4. Being aggrieved by the....

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.... proceedings. The AO as well as the CIT(A) ignored the fact that the assessee is a resale agent of Sumul Dairy. 6. The Ld. Departmental Representative (in short "Ld. DR") relied upon the assessment order and the order of the CIT(A). 7. We have heard both the parties and perused all the relevant materials available on record. Ground No.1 is not pressed by the assessee and hence the same is di....