INCOME TAX OFFICER, WARD-5(1),, LUDHIANA vs. NAND MANGAL STEELS LIMITED, LUDHIANA
1
IN THE INCOME TAX APPELLATE TRIBUNAL
“B” BENCH, CHANDIGARH
HYBRID HEARING
BEFORE HON’BLE SHRI LALIET KUMAR, JM
AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
आयकर अपील सं. / ITA No.160/CHANDI/2025
(िनधाŊरण वषŊ / Assessment Year: 2022-23)
ITO - Ward No 5(1)
Aayakar Bhawan, Rishi Nagar
Ludhiana.
बनाम/
Vs.
M/s Nand Mangal Steels Limited
1007,
GT
Road,
Miller
Ganj,
Ludhiana.
̾थायीलेखासं./जीआइआरसं./PAN/GIR No. AACCN-6102-D
(अपीलाथŎ/Appellant)
:
(ŮȑथŎ / Respondent)
अपीलाथŎकीओरसे/ Appellant by :
Smt. Kusum Bansal (CIT) – Ld. DR
ŮȑथŎकीओरसे/Respondent by :
Shri J.S. Bhasin (Advocate) – Ld. AR
सुनवाईकीतारीख/Date of Hearing
:
05-08-2025
घोषणाकीतारीख /Date of Pronouncement
:
18-08-2025
आदेश / O R D E R
Manoj Kumar Aggarwal (Accountant Member)
Aforesaid appeal by revenue for Assessment Year (AY) 2022-23 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 05-12- 2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] on best judgment basis u/s. 144 r.w.s. 144B of the Act on 01-03- 2024. In the assessment order, Ld. AO made additions u/s 68 and disallowed trade payables and expenses for Rs.347.80 Lacs. The 2
assessee failed to make any effective representation during the course of assessment proceedings. The Ld. CIT(A), considering assessee’s submission and evidences, exercised remand power in terms of proviso to Sec.251(1)(a) and directed Ld. AO to make fresh assessment. So aggrieved, the revenue is in further appeal before us.
2. We are of the considered opinion that the assessment was framed on best judgment basis and the assessee filed fresh submissions /
evidences during first appeal. Since the same would have material bearing on the assessment of the assessee, Ld. AO was directed to make fresh assessment. In our opinion, on the facts of the case, the power of remand has validly been exercised by Ld. CIT(A) and we find no infirmity in the same.
3. The appeal stands dismissed.
Order Pronounced on 18-08-2025 (LALIET KUMAR) (MANOJ KUMAR AGGARWAL)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Dated: 18-08-2025. आदेश की Ůितिलिप अŤेिषत /Copy of the Order forwarded to :
1. अपीलाथŎ/Appellant
2. ŮȑथŎ/Respondent
3. आयकरआयुƅ/CIT
4. िवभागीयŮितिनिध/DR
5. गाडŊफाईल/GF