Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (7) TMI 63 - AT - Income TaxDetermination of income - adopting the profit margin of 8% on the turnover - case of the assessee was selected for “cash deposits in savings bank account(s) more than the turnover” - HELD THAT:- As AO in the order passed u/s 143(3) after analyzing the submissions made by the assessee found that the assessee has a turnover and thereafter adopting the profit rate of 8% determined the total income of the assessee - We find the CIT (A) in her ex-parte order sustained the additions made by the AO since nothing was brought before her to take a contrary view than the view taken by the AO - It is the submission for the assessee that in the interest of justice, the assessee should be given an opportunity to explain his case before the CIT (A). Considering all deem it fit and proper to restore the issue to the file of the CIT (A) with a direction to grant one final opportunity to the assessee to substantiate his case and decide the issue as per fact and law. The assessee is also hereby directed to appear before the CIT (A) without seeking any further adjournment under any pretext failing which the CIT (A) is at liberty to pass appropriate order as per law - The grounds raised by the assessee are accordingly allowed for statistical purposes.
|