EVELINE INTERNATIONAL,LUDHIANA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA
1
IN THE INCOME TAX APPELLATE TRIBUNAL
“A” BENCH, CHANDIGARH
BEFORE HON’BLE SHRI LALIET KUMAR, JM
AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
आयकरअपील सं. / ITA No.942/CHANDI/2024
(िनधाŊरणवषŊ / Assessment Year: 2021-22)
M/s Everline International
G.T.Road
Ludhiana-141014
बनाम/ Vs.
DCIT Circle-4
Aaykar Bhawan
Rishi Nagar
Ludhiana-141001. ̾थायीलेखासं./जीआइआरसं./PAN/GIR No. AAAFE-3412-C
(अपीलाथŎ/Appellant)
:
(ŮȑथŎ / Respondent)
अपीलाथŎकीओरसे/ Appellant by : Sh. Ashwani Kumar (CA) – Ld. AR
ŮȑथŎकीओरसे/Respondent by :
Sh. Vivek Vardhan (Addl. CIT) – Ld. Sr. DR
सुनवाईकीतारीख/Date of Hearing
:
14-05-2025
घोषणाकीतारीख /Date of Pronouncement
:
16-05-2025
आदेश / O R D E R
Manoj Kumar Aggarwal (Accountant Member)
Aforesaid appeal by assessee for Assessment Year (AY) 2021-22 arises out of an order of learned Addl. / Joint Commissioner of Income Tax (Appeals), Jaipur [CIT(A)] dated 09-07-2024 in the matter of an intimation issued by CPC u/s 143(1) on 30-09-2022 adding back profit on foreign exchange rate for Rs.8.87 Lacs as reported by Tax Auditor in the Tax Audit Report. The Ld. CIT(A) did not admit the appeal for want of condonation of delay of 48 days. The Ld. AR stated that the adjustment has happened due to incorrect reporting in Tax Audit
Report which has since been revised by the Tax Auditor on 28-10-
2022. 2. We are of the view that the assessee had preferred rectification u/s 154 which resulted into delayed filing of first appeal. The delay was only for 48 days which could have been condoned. Nevertheless, we direct Ld. CIT(A) to admit the appeal of the assessee and verify the aforesaid fact as stated by Ld. AR. If the same is found to be correct, the impugned addition / adjustment would stand deleted.
3. The appeal stand allowed for statistical purposes.
Order pronounced on 16-05-2025. (LALIET KUMAR) (MANOJ KUMAR AGGARWAL)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Dated: 16-05-2025. की Ůितिलिप अŤेिषत / Copy of the Order forwarded to :
1. अपीलाथŎ/Appellant
2. ŮȑथŎ/Respondent
3. आयकरआयुƅ/CIT
4. िवभागीयŮितिनिध/DR
5. गाडŊफाईल/GF