9911796707
TMI Blog2024 (8) TMI 1495X X X X Extracts X X X X X X X X Extracts X X X X ..... AL MEMBER: The present appeal has been preferred by the assessee against the order dated 22.01.2024 of the National Faceless Appeal Centre [hereinafter referred to as 'CIT(A)'] passed u/s 250 of the Income Tax Act (hereinafter referred to as the 'Act'). 2. The assessee in this appeal has taken the following grounds of appeal: "1. The Ld. CIT(A) erred in law as well as on fact in dismissing the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the time of hearing of the case." 3. At the outset, the ld. Counsel for the assessee has submitted that the Assessing Officer has made the impugned addition of Rs. 65,45,637/- on accrual basis treating the Joint Development Agreement executed by the assessee as transfer u/s 2(47) of the Act. The ld. Counsel for the assessee has submitted that though the assessee had executed a JDA, however, ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct. He, therefore, has submitted that the assessee may be given an opportunity to furnish the true and actual facts before the Assessing Officer. 6. Considering the above submissions of the assessee, we are of the view that the interests of justice will be well-served if the assessee is given an opportunity to present his case before the Assessing Officer. In view of this, the impugned order of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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