ITA No.1426/AHD/2026

Parties Involved

Facts Summary

The relevant facts in brief are that reassessment proceedings under Section 147 of the act were initiated against the Assessee for the Assessment Year 2012-2013 based on information regarding cash deposits made in the bank account maintained with Central Bank of India and Bank of Baroda accounts aggregating to INR.69,93,400/-. Notice, dated 30/03/2019, was issued to the Assessee under Section 148 of the Act. Due to non-compliance by the Assessee to statutory notices issued under Section 142(1) of the Act and the final show-cause notice, dated 25/11/2019, issued during the assessment proceedings, the Assessing Officer completed the assessment by way of ex-parte Assessment Order passed under Section 144 of the Act on 07/12/2019. The Assessing Officer treated the total cash deposit of INR.69,93,400/- as unexplained money under Section 69A of the Act and added it to the returned income of INR 2,40,150/-, assessing total income at INR.72,33,550/-. The Assessee filed appeal before the First Appellate Authority which was migrated to NFAC/CIT(A). As no written submissions were uploaded on the ITBA portal in response to notices issued under Section 250 of the Act, the CIT(A) dismissed the appeal for non-prosecution vide Order, dated 10/05/2024, confirming the addition of INR 69,93,400/- made by the Assessing Officer. Being aggrieved the Assessee has preferred the present appeal before this Tribunal.…

Legal Issues

• 1. The Ld CIT(A) erred in law and on facts in dismissing the appeal of the Appellant for non-prosecution and thereby confirming the addition of Rs.69,93,400/- made by the Assessing Officer invoking provision of Sec.69A of the I.T. Act, 1961 by treating entire cash deposit as alleged cash credit without appreciating facts and law of the case properly.

Judgment Outcome

Decided in favour of Assessee.

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