9911796707
TMI Blog2023 (3) TMI 1159X X X X Extracts X X X X X X X X Extracts X X X X ..... produce the source for deposits made - Assessee has failed to furnish the return of income for the assessment year 2018-19. The absence of explanation from the Assessee in respect of the credits reflected in his Bank account leads to believe that there is an escapement of assessment. Since the first respondent in the impugned order has given sound and justifiable reasons for rejecting the peti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Act, 1961. 3.The petitioner has raised the following grounds for challenging the aforementioned order: a)The petitioner is a resident of Nambiyur Town and to the best of his knowledge, in the relevant period, there is no Axis Bank Branch at Nambiyur Town; b)The petitioner has informed the first respondent by his representation dated 11.04.2022 that the petitioner is not aware ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unsel, assisted by Mrs.S.Premalatha, learned Junior Standing Counsel, who accepts notice on behalf of the respondents. 5.The contentions of the petitioner have been duly considered in the impugned order passed under Section 148A (d) of the Income Tax Act, 1961 and the following reasons have been given by the first respondent for passing the impugned order dated 19.04.2022: a)The account No.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its reflected in his Bank account as well as failed to produce the source for deposits made; c)The Assessee has failed to furnish the return of income for the assessment year 2018-19. The absence of explanation from the Assessee in respect of the credits to the tune of Rs.1,09,25,580/- reflected in his Bank account leads to believe that there is an escapement of assessment. 6.Since the first ..... X X X X Extracts X X X X X X X X Extracts X X X X
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