TaxTMI 
TaxTMI 
2025 (4) TMI 2102
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....IKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (hereinafter referred to as 'the CIT(A)') dated 05.10.2023, for assessment year 2011-12. 2. The appeal is time barred by 142 days. The assessee has filed an application seeking condonation of delay in filing of appeal. The reason ....
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....39;). On the basis of AIR/CIB information that cash amounting to Rs. 12,55,495/- is deposited in saving bank account no. 3058000109230498 with Punjab National Bank, the Assessing Officer (AO) issued notice u/s. 148 of the Act on 23.03.2018 to the assessee. Despite repeated notices no return was filed by the assessee, the AO completed assessment invoking provisions of section 144 of the Act making ....
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....e of notice and without commenting on merits of the addition dismissed appeal. 4. Shri Sanjay Kumar representing the department vehemently defended the impugned order and prayed for dismissing appeal of the assessee. The ld. DR submits that the assessee is a non filler of return of income, hence, explanation furnished by the assessee should not be accepted. 5. Submissions made by ld. DR hear....
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....cash deposits are from sale proceeds of the handicrafts. The explanation furnished by the assessee is plausible, hence, accepted. Considering the fact that the assessee has not fully substantiated with documentary evidence the source of cash deposits in bank account, the addition u/s. 69A of the Act is restricted to Rs. 2,50,000/-. Thus, the assessee gets the relief of Rs. 10,05,495/-. 6. Befor....