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(िनधा(रण वष( / Assessment Year: 2016-17) The Tiruchengode Co-operative ACIT Primary Agriculture and Rural Circle-1 बनाम/ Development Bank Limited Namakkal. Street No.9, Door No.2, Vs. C H B Colony, Velur Road, Tiruchengodu-637 211. �थायीलेखासं./जीआइआरसं./PAN/TAN No. AAAAT-7969-G (अपीलाथ�/Appellant) : (��थ� / Respondent) अपीलाथ�कीओरसे/ Appellant by : S/Shri P.M. Kathir & G. Akash (Advocates) – Ld. ARs ��थ�कीओरसे/Respondent by : Ms. Anitha (Addl.CIT) -Ld. Sr. DR सुनवाईकीतारीख/Date of Hearing : 02-01-2025 घोषणाकीतारीख /Date of Pronouncement : 02-01-2025 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2016-17 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 23-08-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 27-12-2018. Upon perusal of assessment order, it could be seen that the assessee failed to furnish the requisite replies to various queries as raised by Ld. AO on the issue of deduction u/s 80P. Accordingly, the deduction was denied and the expenditure was disallowed. The Ld. CIT(A) also confirmed the same for want of replies from the assesseee. Aggrieved, the assessee is in further appeal before us. The Ld.AR has pleaded for another opportunity of hearing before lower authorities which has been opposed by revenue.
Keeping in mind the principles of natural justice, we accept the prayer of Ld. AR. Accordingly, the assessment stand restored back to the file of Ld. AO with a direction to the assessee to substantiate its case. The Ld. AO shall frame assessment de novo.
The appeal stand allowed for statistical purposes.
Order pronounced in open court on 02nd January, 2025.