9911796707
TMI Blog2022 (8) TMI 907X X X X Extracts X X X X X X X X Extracts X X X X ..... echarge, etc. - HELD THAT:- In this case, admittedly, the assessee has neither filed regular return of income under section 139 of the Act for the assessment year 2017-18 nor furnished complete details in response to various notices issued by the Assessing Officer. Moreover, there was no response to the notices issued by the Ld. CIT(A) also or furnished any explanation/reply and thus, the Ld. CIT(A) confirmed the assessment order. In view of the above, we are of the considered opinion that the assessee shall furnish complete details before the Assessing Officer and the Assessing Officer shall, after verification of details as may be filed by the assessee, decide the issue afresh in accordance with law by affording reasonable opportunity of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l income of Rs. 4,49,148/-, which was a belated one and hence, the Assessing Officer has held that it is an invalid return as the same was not filed within the time limit. Despite various opportunities afforded to the assessee to furnish further details such as source for cash deposited during demonetization period with supportive evidences, cash flow statements, etc. Since the assessee has not responded, the assessee was finally show-caused as to why the amount of cash deposited into the bank account(s) during the year under consideration amounting to Rs. 38,98,000/- should not be treated as unaccounted income/explained money and the unexplained cash credits of Rs. 4,73,199/- that is the difference between total cash credits Rs. 43,71,199/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the assessment under section 144 r.w.s. 144(1)(b) of the Act dated 24.09.2019 by assessing the total income of the assessee at Rs. 7,9,768/-. On appeal, since there was no response from the assessee, the Ld. CIT(A) confirmed the order passed by the Assessing Officer. 3. On being aggrieved, the assessee is in appeal before the Tribunal. The Ld. Counsel for the assessee has submitted that the assessee has received and remitted the demonetized currency within the time stipulated by the Act enacted during demonetization and prayed for deleting the addition. 4. On the other hand, the Ld. DR supported the orders of authorities below and submitted that the assessee has not properly responded to the notices issued by the Ld. CIT(A) as well ..... X X X X Extracts X X X X X X X X Extracts X X X X
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