ORDER

This appeal has been preferred by the assessee against order dated 01.01.2024, passed by the National Faceless Appeal Centre, Delhi (NFAC) for Assessment Year 2021-22.

2. The brief facts of the case are that the assessee filed her return of income for the year under consideration on 03.03.2022, declaring a total income of Rs.20,430/-. The case of the assessee was selected for complete scrutiny for the reason that large cash was deposited in bank account and the assessee had also purchased/sold one or more property(ies) during the year under consideration. The Assessing Officer (AO) issued statutory notices to the assessee. The assessee participated in the assessment proceedings and furnished reply along with bank statements, details of properties sold and purchased, copies of purchase and sale deeds and details of payments. As per the Bank Account statement, the assessee had made a total cash deposits of Rs.33,00,000/- in her Saving Bank Account No.77370100014039 maintained with Bank