9911796707
TMI Blog2024 (11) TMI 694X X X X Extracts X X X X X X X X Extracts X X X X ..... Counsel. For the Respondent: None. ORDER This matter is taken up by hybrid mode. 2. Heard Mr. S.C. Mohanty, learned Standing Counsel along with Mr. A. Kedia, learned Junior Standing Counsel appearing for the appellant. 3. The appellant has filed this appeal seeking to set aside the order dated 28.11.2023 passed in ITA No.285/CTK/2023 for the assessment year 2018-19, by which the Income Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice under Section 148 of the Income Tax Act, 1961 on 30.03.2022. The assessee did not file its return of income even in response to the said notice. Despite being provided with adequate opportunities of being heard, the assessee did not furnish any submission/response during the assessment proceedings. Considering the facts of the case, the Assessing Authority passed assessment order under Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .07.2023, allowed the appeal with observation that the assessee is an agricultural produce market committee constituted under Orissa Agricultural Produce Market Act, 1956 for the purpose of regulating the marketing of agricultural produce and the income of the assessee is exempted under Section 10(26AAB) of the Income Tax Act, 1961. It was also observed that the Assessing Officer could not apply t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee is eligible for exemption under Section 10 (26AAB) of the Act and the said finding of the Commissioner of Income Tax (Appeal) has not been dislodged by the Department. Further, admittedly the Commissioner of Income Tax (Appeal) has taken into consideration the fact that the assessee was facing technical glitches in responding to the notices issued by the Assessing Officer along with sup ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
