AUDHYANIK UTPADAK AVASMVIPRAN SHAKARI SAMITI LIMITED,BUDAUN vs. ITO, BUDAUN
Before: SHRI SATBEER SINGH GODARAAssessment Year: 2018-19 Audhyanik Utpadak Avam Vipran Sahakari Samiti Ltd., Village-Dalalnagar, Post Miyaoo Tehsil, Dataganj, Dist.- Budaun, Uttar Pradesh Vs. Income Tax Officer, Budaun, Uttar Pradesh PAN: AADAA0338B (Appellant)
This assessee’s appeal for assessment year 2018-19, arises against the Commissioner of Income Tax (Appeals)/National
Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2024-25/1069788004(1), dated
18.10.2024 involving proceedings under section 147 r.w.s. 144 of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).
Heard both the parties. Case file perused.
2. It emerges at the outset that the assessee’s first and foremost argument challenges the validity of the impugned reopening itself
Assessee by Sh. Gyanendra Singh Shakya (in person)
Department by Sh. Manoj Kumar, Sr. DR
Date of hearing
02.07.2025
Date of pronouncement
02.07.2025
2 | P a g e since the learned Assessing Officer had set into motion section 148/147 proceedings to examine the issue of cash deposits of Rs.1,04,22,000/- whereas he ended up to re-estimate the turnover in question @ 8%; respectively.
3. This being the clinching factual position, I hereby quote
3. This assessee’s appeal is allowed in above terms.
Order pronounced in the open court on 2nd July, 2025 (SATBEER SINGH GODARA)
JUDICIAL MEMBER
Dated: 2nd July, 2025. RK/-