IN THE ITAT, GAUHATI BENCH
A.T. VARKEY, J.M.
Nurul Islam v. ITO
I.T.A. No. 144/Gau/2020
20 January, 2021
Assessee Partly Allowed.
Appellant by: Akkal Dudhwewala, Authorised Representative
Respondent by: Subrajyoti Bhattacharya, Addl. Commissioner
This is an appeal preferred by the assessee against the order of learned Commissioner (Appeals)-Guwahati-1, dated 29-5-2020 for assessment year 2017-18.
2. At the outset, it is noted that there is a delay of 34 days in filing this appeal. It is noted that the impugned order is, dated 29-5-2020 and due to covid-19 pandemic, the assessee could not file the appeal on time and, therefore, there is a delay of 34 days in filing this appeal. Therefore, there is reasonable cause for causing the delay. So, I condone the delay and admit the appeal.
3. The main grievance of the assessee is against the action of the learned Commissioner (Appeals) in confirming the addition of Rs. 8,75,500 made by the assessing officer.
4. Brief facts of the case as noted by the assessing officer is that the assessee has not filed his income tax return (ITR) for assessment year 2017-18. The assessing officer issued notice under section 142(1) of the Income Tax Act, 1961(hereinafter referred to as the 'Act') on 15-3-2018 and directed the assessee to submit his return of income. According to assessing officer, the assessee finally filed his return of income showing income of Rs. 2,86,934. The assessing officer notes that the assessee had deposited cash to the tune of Rs. 17,01,000 after 8/9-11-2016 wherein the currency notes of the denomination of Rs. 500 and Rs. 1,000 was declared no longer a legal tender (demonetized).