POLA CO OPERATIVE SOCIETIES LIMITED,FATEHGARH SAHIB vs. INCOME TAX OFFICER, WARD SIRHIND, SIRHIND

Aforesaid appeal by assessee for Assessment Year (AY) 2018-19 arises out of an order of Ld Commissioner of Income Tax (Appeals), National Faceless Appeal Central (NFAC), Delhi [CIT(A)] dated 15-10- 2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] on best judgment basis u/s 144 of the Act on 24-05-2021. The grievance of the assessee is assessment of income at Rs.554.22 Lacs. The assessee has failed to appear before Ld. AO. The Ld. CIT(A) did not admit the appeal for want of condonation of delay of 2.5 months. Aggrieved, the assessee is in further appeal before us. The only prayer of Ld. AR is condonation of delay in first appeal and disposal of appeal on merits. The Ld. AR has stated that the assessee is in a position to substantiate its claim if another opportunity of hearing is granted to the assessee to plead and prove its case before lower authorities. The Ld. CIT-DR, on the other hand, pleaded for dismissal of the appeal. 2. Keeping in mind the guiding principles laid down by Hon’ble Order pronounced on 23-07-2025. (RAJPAL YADAV) (MANOJ KUMAR AGGARWAL) VICE PRESIDENT ACCOUNTANT MEMBER