BINESH PRASAD SINGH,KENDRAPARA vs. INCOME TAX OFFICER, KENDRAPARA, KENDRAPARA

Shri P.K.Mishra P.K.Mishra, ld AR appeared for the assessee , ld AR appeared for the assessee and Shri S.C.Mohanty, ld Sr DR appeared for the revenue. S.C.Mohanty, ld Sr DR appeared for the revenue.

I have considered the rival submissions. A perusal of the order of I have considered the rival submissions. A perusal of the order of I have considered the rival submissions. A perusal of the order of the ld CIT(A) shows that the ld CIT(A) has dismissed the assessee’s appeal the ld CIT(A) shows that the ld CIT(A) has dismissed the assessee’s appeal the ld CIT(A) shows that the ld CIT(A) has dismissed the assessee’s appeal on the ground that no satisfactory explanation has been offered. A perusal ound that no satisfactory explanation has been offered. A perusal ound that no satisfactory explanation has been offered. A perusal of the assessment order also shows that even before the assessment of the assessment order also shows that even before the assessment of the assessment order also shows that even before the assessment

P a g e 1 | 2 proceedings, the assessee has not produced any evidence. This being so, on account of the prayer from both the sides, the issues in this appeal are restored to the file of the Assessing Officer for readjudication after granting the assessee adequate opportunity of hearing to substantiate his case.

In the result, appeal of the assessee stands partly allowed for statistical purposes.