9911796707
TMI Blog2022 (10) TMI 299X X X X Extracts X X X X X X X X Extracts X X X X ..... nts : Mr.A.P.Srinivas Senior Standing Counsel ORDER The petitioner is a non-filer, and no return of income has been filed by him either at the original instance or pursuant to the issuance of notice under Section 148 of the Income Tax Act, 1961 (in short 'Act'). 2. The case of the petitioner was centralised on 01.11.2019. Two notices dated 25.03.2019 and 14.10.2019 have been sent to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er to the fact that none of the sworn statements recorded in the course of search nor any seized material have been relied upon by the Income Tax Department in the on-going reassessment proceedings and hence the request of the petitioner for such sworn statements as well as a request for personal hearing of the persons mentioned in the letter of the petitioner, cannot be acceded to. 5. It is rele ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... made that the cash deposits were in the course of usual business transaction. In the absence of any return of income filed by the petitioner, such a statement cannot be countenanced or accepted. Thus, in my considered view, there is absolutely no infirmity in the impugned assessment order, neither in terms of the procedure followed by the authority nor in the conclusion that have been arrived at. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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