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TMI Blog2023 (6) TMI 522X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee. Assessee was asked to produce details of PAN, ID and other particulars of his brother which was complied with and accepted by the AO. AO has not recorded any statement from the person(s) whose details were furnished before the AO. AO has stated that the assessee has not furnished the details such as break up details of brokerage commission, name and address of persons from whom received brokerage commission and proof for money received from his mother as called for vide this office notice u/s 142(1) on 27.03.2015. The notice issued under section 142(1) of the Act on 27.03.2015 being Friday and the Assessing Officer hurriedly concluded the assessment on the very next working day on 30.03.2015 for the reason that the assessment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 132 of the Income Tax Act, 1961 [ Act in short] by the DDIT (Inv.), Salem from the Co-op. Sub-Registrar, Sankagiri on 08.04.2011 and the entire cash seized by the Department. 2.1 As per section 153A of the Act, the assessee was to be assessed/ reassessed for six assessment years immediately preceding the assessment year relevant to previous year in which the search was conducted and for the assessment year relevant to previous year in which the search was conducted (as per section 153B(1)(b) of the Act. Thus, notices under section 153A of the Act were issued for the assessment years 2006-07 to 2011-12 on 24.11.2011. In response to these notices, the assessee filed NIL returns for all the above assessment years which were accepted a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A) confirmed the assessment order by dismissing the appeal filed by the assessee. 3. On being aggrieved, the assessee is in appeal before the Tribunal. None appeared on behalf of the assessee when the appeal was taken up for hearing. Hence, we proceed to decide the appeal on merits after hearing the ld. DR. 4. We have heard the ld. DR, perused the materials available on record and gone through the orders of authorities below including paper book filed by the assessee. The case of the assessee is that against the notices under section 153A of the Act issued requiring the assessee to file the returns of income for the assessment year 20-06-07 to 2011-12, the assessee filed returns of income for the above assessment year declaring NIL in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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