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TMI Blog2022 (5) TMI 364X X X X Extracts X X X X X X X X Extracts X X X X ..... has escaped assessment. Hence, he was justified to reopen the assessment u/s 147 of the Act. After reopening of assessment, the Assessing Officer can in his wisdom proceed to make assessment regarding other issues as well. There is no prohibition under law that the Assessing Officer is required to confine assessment on the issue for which the assessment was reopened by him. Hence, ground nos. 1 and 2 of the assessee s appeal are devoid of any merit and stand dismissed accordingly. Treatment of sum as net profit out of gross receipt - HELD THAT:- The assessee has not filed any evidence to controvert the finding of the Assessing Officer. Therefore we do not see any reason to interfere in the finding of the authorities below. Ground no. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /s 147 and the assessment u/s 147 read with section 143(3) of the Act was framed vide order dated 25.12.2018. Thereby the Assessing Officer made addition of Rs. 1,89,856/- in respect of the difference between gross profit and net profit, hence assessment income at Rs. 1,90,253/-. Aggrieved against this, the assessee preferred appeal before the learned CIT(Appeals), who after considering the submissions, dismissed the appeal. Now the assessee is in appeal before this Tribunal. 5. No one appeared on behalf of the assessee. It is seen from that from various occasions no one is representing the assessee. Notice sent by speed post has been served upon the assessee as acknowledgement is available on record. Therefore, the appeal was taken up f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opened. There is no dispute that the assessee had made cash deposits in the bank account. It is categorically recorded by the Assessing Officer that no income-tax return was filed by the assessee. Therefore, at the time of reopening there was no explanation regarding source of cash deposits by the assessee. In my considered view it was sufficient for the Assessing Officer to form a belief that the income chargeable to tax has escaped assessment. Hence, he was justified to reopen the assessment u/s 147 of the Act. After reopening of assessment, the Assessing Officer can in his wisdom proceed to make assessment regarding other issues as well. There is no prohibition under law that the Assessing Officer is required to confine assessment on the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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