PRAKASHLAL KHANDELWAL,RANCHI vs. ITO,WARD-2(5), RANCHI

It transpires at the outset during the course of hearing that we need not go much deeper in facts of the instant case. Both the learned lower authorities

The Revenue’s case before us is that since the assessee had sought umpteen opportunities before the Assessing Officer and also did not appear before the CIT(A), the impugned addition has rightly been made going by the original balance-sheet reflecting the amount as Rs.21,23311/- in the balance- sheet as on 31.03.2013 (page 24 of the paper book). Learned counsel’s case on the other hand is that the assessee’s corrected balance-sheet filed before the Assessing Officer has not even been considered in either of the lower proceedings. He invited our attention to page 51 of the paper book not indicating any such sundry creditors in the corrected balance-sheet as on 31.03.2013 to this effect. We therefore deem it appropriate that larger interest of justice would be met in case the Assessing Officer re-examines the entire issue afresh going by the corresponding details in both of the above stated balance-sheets. Learned counsel has undertaken to place on record all necessary details in the consequential proceedings at assessee’s own risk and responsibility. The assessee is therefore directed to appear before the Assessing Officer alongwith a copy of the instant order on or before 21.03.2020. The assessee’s sole substantive grievance canvassed in the instant appeal is accepted for statistical purposes therefore.

""यथ"/Respondent-ITO Ward-2(5), Ranchi 3. संबं/धत आयकर आयु2त रांची / Concerned CIT Ranchi 4. आयकर आयु2त- अपील रांची / CIT (A) Ranchi 5. 5वभागीय "#त#न/ध, आयकर अपील"य अ/धकरण, रांची/ DR, ITAT, Ranchi 6. गाड; फाइल / Guard file. By order/आदेश से, SR.PS, (on Tour), RANCHI //