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2022 (2) TMI 1137 - AT - Income TaxCompletion of assessment u/s 144 - HELD THAT:- CIT(A) has concluded that assessment order has actually been passed under section 143(3) and not under section 144 which appears to be an inadvertent typographical error. Hence, this ground need not be adjudicated upon. Addition on account of alleged excess proprietary capital - addition on account of alleged bogus sundry creditors - assessee submitted that an opportunity may be granted to him to produce details, evidence etc. which the Ld. AO and the Ld. CIT(A) have alleged that the assessee has not produced before them - HELD THAT:- In the interest of justice, we are of the opinion that the assessee deserves to be given one last opportunity to present his case before the Ld. AO. We, therefore, remit the above two issues involved in this appeal to the file of the Ld. AO for framing the assessment afresh in the light of the details/information/documents already on record and which he may require the assessee to furnish during the course of fresh assessment proceedings before him. Undisclosed profit on suppressed turnover - HELD THAT:- CIT(A) has recomputed the amount of suppressed turnover and net profit rate to be applied thereon based on the audited balance sheet and accordingly granted part relief of ₹ 1,90,360/- to the assessee. We do not find any reason to interfere with the finding of the Ld. CIT(A) and therefore confirm the Ld. CIT(A)'s order on this issue.
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