ORDER

PER SANJAY AWASTHI, ACCOUNTANT MEMBER:

1. This appeal arises form order dated 08.04.2024 passed by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereafter “the Ld. CIT(A)] under Section 250 of the Income Tax Act, 1961 (hereafter “the Act”).

1.1 In this case, the Assessing Officer passed an order dated 13.12.2019 under Section 144 read with section 147 of the Act. The Assessing Officer had information regarding deposit of Rs. 10,00,000/- during demonetisation period. In response, notice under Section 148 of the Act dated 23.05.2018, the assessee did not file any return of income. Thereafter, notice under Section 142(1) of the Act was issued, asking for details of deposits in the bank. In spite of best efforts, the Ld. Assessing Officer could not obtain any worthwhile compliance from the assessee and proceeded to add Rs. 10,00,000/- under Section 69A of the Act and made another addition of Rs. 85,979/- on presumptive basis on account of deposits in b