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2022 (3) TMI 22 - AT - Income TaxAddition due to alleged non-appearance of the assessee - HELD THAT:- We are of the opinion that the matter deserves to be remanded back to the Ld. AO. DR had no objection. As observed from the statement of facts filed by the assessee before the CIT(A) that the assessee company had a bank account which was not mentioned in the balance sheet. The assessee's grievance before the CIT(A) was that the entire credit in that account even after explaining the transactions has been added to the income of the assessee. As been submitted by the Ld. AR that the explanation offered by the assessee has not been duly considered by the AO. CIT(A) has also passed ex-parte order in violation of principles of natural justice as no notice of hearing was served upon the assessee. Explanation, if any, in respect of the transactions recorded in the said bank account given by the assessee before the Ld. AO/CIT(A) is not forthcoming from the records. In such a scenario, it would be just and fair if the matter is remanded to the Ld. AO for fresh adjudication - Appeal is treated as allowed for statistical purposes.
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