NUPENDRA VISHWARUP JOSHI ,MUMBAI vs. INCOME TAX OFFICER WARD 41(3)(1), MUMBAI
Income Tax Appellate Tribunal, “B” BENCH, MUMBAI
Before: SHRI ANIKESH BANERJEE, JM & SHRI OMKARESHWAR CHIDARA, AM
Per OmkareshwarChidara, AM:
This appeal by the assessee is against theorder of the Commissioner of Income Tax (Appeals)/ National Faceless Appeal Centre (NFAC), Delhi [for short 'the CIT(A)] for the AY 2018-19. 2. In this case, the assessee filed a return of income with an income of Rs.
6,70,330/- for AY 2018-19 subsequently.The case was reopened by issuing a notice u/s 148 of the Act. In pursuance of notice issued u/s 148 of the Act, the appellant did not file a return of income. From the assessment order, it is seen that 2
Nupendra Vishwarup Joshi the assessee was served notices u/s 142(1) on three different dates. Thereafter a show-cause notice was issued dt. 24/11/2022. On 25/01/2023, an issue centralised communication and a final show caused notice dt. 02/03/2023 were issued by Ld.
AO. Since there was no compliance to any of these notices, the Ld. AO completed the assessment u/s 144 of the Act. While completing the assessment, the Ld. AO made an addition of Rs. 57,25,000/- u/s 69B and Rs. 2,80,840/- u/s 56(2)(x)(b) of the Act towards unexplained investment in immovable property and the differential amount as per sub-