VANDANA DIPAKBHAI PARMAR,VADODARA vs. THE ACIT, CIRCLE INTL. TAXN., VADODARA

This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income-tax (Appeals), Ahmedabad-13 (hereinafter referred to as "CIT(A)" for short), dated 30.07.2024 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for Assessment Year (AY) 2018-19.

The Assessee has taken following grounds of appeal:-

In this case, the assessee has not filed her return of income for the year under consideration. The assessment order has been passed by the ACIT, Circle Int. Tax, Vadodara on 22.07.2023 under Section 147 r.w.s. 144C(3) of the Act, determining total income of the assessee at Rs.18,19,630/-, making additions on account of (i) unexplained investment in immovable property amounting to Rs.13,17,955/- and (ii) unexplained investment in shares amounting to Rs.5,01,672/.

Aggrieved, the assessee filed appeal before the ld. CIT(A) who confirmed the order of the Assessing Officer as the assessee could not produce the proof of source of investment in land and shares before him.

Aggrieved with the order of the ld. CIT(A) confirming the addition made by the Assessing Officer, the assessee has filed an appeal before the Tribunal.

We have gone through the records before us and find that the ld. CIT(A) has affirmed the addition owing to absence of any evidences filed before him. The issue involves examination of investment in properties and shares which can be examined by the AO after issue of a valid notice to the assessee to file the details. The assessing authorities shall invoke the powers vested in them in case of non-compliance of notices issued by them.

In the result, the appeal of the assessee is allowed for statistical purposes.