9911796707
TMI Blog2020 (11) TMI 472X X X X Extracts X X X X X X X X Extracts X X X X ..... ceedings u/s.147/148 and addition of Rs. 13,61,300/- against return of income of Rs. 1,79,200/-. 2. The facts in brief are that, the assessee is an individual and through i-tax net provides the list non-filers of Income Tax Return, wherein the assessee's name had appeared in that list and it was found that cash transaction exceeding Rs. 10 lac has been made during the financial year 2009-10. Since assessee had not filed her return of income for Assessment Year 2010-11, a notice u/s.148 was issued on 27.03.2018. In response to notice, the assessee has declared income of Rs. 1,79,200/-. 3. Before the Assessing Officer, the assessee had filed part submission and also filed objection for initiation of proceedings u/s.148 and stated that she ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee, like from Jhansi, Solapur, Ajmer, etc. He observed that if the assessee had been earning income from coaching business, then the deposits of cash would not have been made from multiple cities and even if she was running of business of purchase and sale of bed sheets, artificial jewellery etc. in Delhi still the source of cash deposits outside the Delhi was not explained. 5. Before us, the ld. counsel for the assessee, Mr. R.S. Singhvi submitted that here in this case the assessee had filed her return of income in response to notice u/s.148 as business income u/s.44AD. From a bare perusal of the bank account, it can be seen that assessee has been receiving cash from various cities including Delhi and there are regular withdra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome for Assessment Year 2010-11 and the only return which was filed, was in response to notice u/s.148 on 27.08.2018. In the said return of income, the assessee had declared income of Rs. 1,79,200/- which was shown as business income u/s.44AD based on the total cash deposits appearing in her bank account. Since issue of validity of notice u/s.148 and u/s.147 has not been argued by the ld. counsel, therefore, the same are treated to be not pressed. 8. The assessee's plea all throughout has been that she has been carrying out petty business activities like purchase and sale of artificial jewellery, bed-sheets and other items from various places and also giving coaching to the students. The aggregate cash deposits in her account for the entir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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