9911796707
TMI Blog2022 (3) TMI 22X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the assessee against the order of the Ld. Commissioner of Income Tax- 31 ("CIT(A)"), New Delhi dated 27.8.2018 pertaining to assessment year ("AY") 2013-14. 2. The assessee is a company deriving income from consultancy services. It filed its return of income on 25.8.2014 declaring income of Rs. 2,070/-. The case was selected for scrutiny under CASS. The Assessing Officer ("AO") issued statu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the tune of Rs. 4,82,69,730/- and balance at the end of financial year 2012-13 was Rs. 459/-. 4. During the assessment proceedings, Ld. AR of the assessee submitted vide letter dated 14.3.2016 that "I had taken data from the balance sheet where no bank account shown in the balance sheet. The assessee did not clarify whether he is having bank account or not. The auditor did not detect the same." ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per law. 2. That on the facts in the circumstances of case, no notice of hearing has ever been received/served upon the assessee and thus the impugned order passed by Ld. CIT(A) is in violation of principles of natural justice." 6. We have heard the Ld. Representatives of the parties and perused the material on record. We are of the opinion that the matter deserves to be remanded back to the L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Since the assessee has accepted that it had a bank account which was not mentioned in the balance sheet, let the Ld. AO scrutinise thoroughly the entire transactions recorded therein and arrive at a correct and lawful conclusion after affording reasonable ..... X X X X Extracts X X X X X X X X Extracts X X X X
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