SHRI RAMAVTAR MAHIPAL HUF,SRIGANGANAGAR vs. ACIT, CIRCLE-1, SRIGANGANAGAR

This appeal is filed by assessee and is arising out of the order of the Principal Commissioner of Income Tax, Bikaner dated 15.03.2018 [here in after (PCIT)] for assessment year 2013-14.

Shri Ramavtar Mahipal HUF 2. The assessee has marched this appeal on the following grounds:-

“1. That on the facts and in the circumstances of the case, the order passed by the Id Pr. CIT. Bikaner u/s 263 of I.T. Act 1961 is bad in law, bad in facts and perverse. 2 That on the facts and in the circumstances of the case, the ld Pr. CIT. Bikaner erred in not recording own satisfaction in respect of assessment order passed by the id AO is erroneous so as it prejudicial the interest of revenue as per provision of section 263 of the Act. 3] That on the facts and in the circumstances of the case, the Id Pr. CIT. Bikaner grossly erred in setting aside the assessment order passed by the u/s 143(3) without any finding as to how the assessment order passed by the Id AO is erroneous so as it prejudicial the interest of revenue. 4] That on the facts and in the circumstances of the case, the ld Pr. CIT, Bikaner erred in recording various finding in the order are contrary to the material available on record.

In the result, the appeal of the assessee stands dismissed as withdrawn.

Shri Ramavtar Mahipal HUF Order pronounced under rule 34(4) of the Income Tax Appellate