आदेश/ORDER

PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER:

This appeal filed by the assessee is directed against the order dated 18.02.2025 passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi for the assessment year 2011-12.

2. The assessee raised 2 grounds of appeal amongst which, the only issue emanates for our consideration as to whether the ld. CIT(A) is justified in rejecting the condonation petition and confirming the addition made by the Assessing Officer when the assessee has opted for presumptive taxation scheme under section 44AD of the Income Tax Act, 1961 [“Act” in short].

3. Brief facts relating to the case are that as per information available with the Department, the Assessing Officer noted that the assessee had deposited cash to the extent of ₹.24,43,800/- in Karur Vysya Bank, Dharapuram and no return of income was filed for the AY 2011-12. Accordingly, the Assessing Officer issued notice under section 148 of the Act. On perusal of the bank statement obtained from Karur Vysya Bank, the Assessing Officer noted that the above sum of ₹.24,43,800/- was deposited in assessee’s SB account and ₹.15,90,109/- were deposited in cur