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Income Tax Appellate Tribunal, RANCHI BENCH “SMC” RANCHI
Before: Shri S.S, Godara
आदेश /O R D E R (Oral) This assessee’s appeal for assessment year 2015-16, arises against the Commissioner of Income-tax (Appeals)-Jamshedpur’s order dated 28.08.2018 passed in case No.280/JSR/2017-18, involving proceedings u/s. 143(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file perused.
The assessee’s sole substantive grievance raises in the instant lis seeks to reverse both the lower authorities action adding gross profit element amounting to Rs.7,19,384/- on the alleged un-reconciled difference between the turnover disclosed in service tax vis-à-vis income tax return(s). Both the learned representatives are fair enough in agreeing to the clinching fact that this issue essentially requires afresh Assessment Year:2015-16 M/s Bloomst Vs. ITO Wd-1(1), JSR Page 2 reconciliation only. I therefore deem it appropriate to restore the same back to the Assessing Officer for afresh adjudication within three effective opportunities of hearing. Learned counsel undertakes to appear before the Assessing Officer on or before 15.04.2020 along with a copy of this order.