GOVERNMENT OF INDIA
MINISTRY OF FINANCE
INCOME TAX DEPARTMENT
OFFICE OF THE INCOME TAX OFFICER
WARD 2(2), PUNE
To,
SATISH NIVRUTTI PASHANKAR
H NO 26 , PASHAN
PUNE 411021 , Maharashtra
*ITBA100058693381*
India
PAN: A.Y: Dated: DIN & Notice No:
AAUPP3020H 2016-17 08/03/2023 ITBA/AST/F/148A/2022-23/1050520898(1)
Name of the assessee SATISH NIVRUTTI PASHANKAR
Address of the assessee H NO 26 , PASHAN
PUNE 411021 , Maharashtra
India
Email of the assessee
Resident/ Not Ordinarily Resident/ Non-Resident Resident
Date of order 08/03/2023
Name and Designation of Specified Authority PRAVIN KUMAR
PCCIT, PUNE
Specified Authority approval date 08/03/2023
Order under clause (d) of section 148A of the Income-tax Act,1961
.
1. Brief details of the Assessee: - The. assessee is an individual. No return of income
was filed by the assessee for A.Y. 2016-17. The case of the assessee was picked up in RMS
- Non-Filing of Return (PAN Cases) from Insight portal as per the Risk Management strategy
formulated by the Central Board of Direct Taxes, due to the large transaction done by the
assessee during the F.Y.2015-16 relevant to A.Y.2016-17.
2. Brief details of the information collected/received by the AO:
In this case, the information is received through INSIGHT Portal under RMS - Non-
Filing of Return (PAN Cases) as per the Risk Management strategy formulated by the Central
Board of Direct Taxes. The information is regarding large transaction of Rs. 1,77,58,500/-
Note: If digitally signed, the date of digital signature may be taken as date of document.
,INCOME TAX OFFICE, PMT BUILDING, SHANKAR SETH ROAD, PUNE, Maharashtra, 411037
Email: [email protected],
Note:- The website address of the e-filing portal has been changed from www.incometaxindiaefiling.gov.in to www.incometax.gov.in.
* DIN- Document identification No.
AAUPP3020H- SATISH NIVRUTTI PASHANKAR
A.Y. 2016-17
ITBA/AST/F/148A/2022-23/1050520898(1)
done by the assessee during the F.Y.2015-16 relevant to A.Y.2016-17. The details of
transaction are as under:-
Sr. Brief description of the information Source Amount involved
No.
(in Rs.)
TDS Statement – Sales consideration DOLA DASGUPTA 98,70,000/-
on sale of immovable property
1. (Section 194IA)
Deposited cash of Rs. 10,00,000 or SHREE SHARADA 15,88,500/-
more in a saving bank account
2 SAHAKARI BANK LTD,
TAWARE COLONY
Sold immovable property SUB REGISTRAR 63,00,000/-
HAVELI NO 19
3
Total 1,77,58,500/-
03. On verification of information collected as per the CBDT’s Risk Management Strategy
available in the Department’s Insight and E-filing portals, it is noted that the assessee has not
filed any return of income for A.Y.2016-17 but has entered into transaction as mentioned in
above Para No. 02. Considering the nature of information and details available on e-filing
portal & 360-degree information, conducting of any inquiry before issue of show cause notice
as per provisions of section 148A(a) is considered as ‘not required’.
3.1. In view of the above, it is evident that the assessee has entered into huge transaction but
has not filed return of income. Therefore, a show cause notice was issued to the assessee
u/s 148A(b) on 25.01.2023 bearing DIN No. ITBA/AST/F/148A(SCN)/2022-
23/1049115714(1), through ITBA online System and the same was dispatched to the
assessee through ITBA and shared with the assessee through the e-proceedings tab of
“Pending Actions” module of e-filing portal of the assessee electronically. Time of more than 7
days was duly provided to the assessee as per the provisions of section 148A(b) of the Act
and the date of compliance was fixed as 06.02.2023.
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AAUPP3020H- SATISH NIVRUTTI PASHANKAR
A.Y. 2016-17
ITBA/AST/F/148A/2022-23/1050520898(1)
4. Response of the assessee:- The assessee has not filed any response to the show
cause notice issued u/s 148A(b) within the time limit allowed. Further, no reply has been
submitted till date i.e. the date of submission of proposal for approval of order u/s 148A(d) as
per the provisions of section 151 of the Income tax Act 1961.
5. Finding of the AO:- As the assessee has failed to furnish any explanation /
submission, it appears that the assessee has nothing to explain in this matter. However, the
assessee has neither filed return of income for the year under consideration nor complied
with the show cause notice issued to the assessee even though having taxable income. The
information regarding sale consideration of Rs. 1,61,70,000/- is available on records; but
despite getting sufficient opportunity, the cost of acquisition has not been provided by the
assessee. In the absence of cost of acquisition and non-compliance by the assessee; the
cost of acquisition of sold property is treated as Nil and entire sale consideration is
considered as income in the hands of the assessee.
Further, the information regarding cash deposit of Rs. 15,88,500/- is available on
records; but despite getting sufficient opportunity, the source of cash deposit has not been
provided by the assessee. In the absence of the explanation along with supporting
documents and non-compliance by the assessee; the source of the cash deposit remains
unexplained, therefore, the whole amount of cash deposit is considered as income in the
hands of the assessee. Thus, the aggregate income chargeable to tax is Rs. 1,77,58,500/-,
which is more than Rs.50 lakhs and represented in the form of asset has thus escaped
assessment within the meaning of section 147 of the I. T. Act, 1961.
In view of these facts, this is A FIT CASE for issue of notice u/s 148 of the Income Tax
Act, 1961.
RAKESH CHINTAMAN MAHALE
WARD 2(2), PUNE
(In case the document is digitally signed please
refer Digital Signature at the bottom of the page)
This document is digitally signed
Signer: RAKESH CHINTAMAN MAHALE
Date: 08 March 2023 18:00
Location: PUNE, India
Page 3 of 3
