TMI Blog2020 (12) TMI 593X X X X Extracts X X X X X X X X Extracts X X X X ..... e given to the assessee to substantiate her case before the AO. Appeal filed by the assessee is allowed for statistical purpose. - I.T.A. No. 223/VIZ/2019 - - - Dated:- 26-11-2020 - V. Durga Rao, Member (J) And D.S. Sunder Singh, Member (A) For the Appellant : I. Kama Sastry, C.A. For the Respondents : B. Rama Krishna, Sr. DR ORDER V. Durga Rao, Member (J) 1. This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-1, Guntur, dated 29/03/2016 for the Assessment Year 2013-14. 2. The assessee has raised the following grounds of appeal: 1. The Ld. Commissioner of Income-tax (Appeals) is not justified in refusing to admitting evidences produced before him though all the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . CIT (Appeals) is not justified in confirming the disallowance of ₹ 8,57,094/- being interest on Andhra Bank credit facilities extended to the assessee. 8. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 9. The appellant craves leave to add to, amend, alter, modify or delete all or any of the above grounds of appeal. 3. Facts of the case in brief are that assessee is in the business of trading cotton, filed her return of income admitting total income of ₹ 3,77,050/-. The case of the assessee was selected for scrutiny under CASS to verify unsecured loans from persons who have not filed return of income. The AO has issued notice as per law and subsequently asked the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re the AO, however, in the interest of justice and by following the principles of the natural justice one more opportunity should be given to the assessee. Before us, ld. AR also assured that assessee will appear before the AO and file all the relevant details. In view of the above, we are of the opinion that one more opportunity should be given to the assessee to substantiate her case before the AO. Therefore, we set aside the order of the ld. CIT(A) and remit the matter back to the file of the AO to adjudicate the matter by considering the paper book filed by the assessee denovo in accordance with law. The assessee is directed to file paper book before the AO without fail. 10. In the result, appeal filed by the assessee is allowed for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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