TANUJA CHHATOI,CUTTACK vs. ITO, WARD-2(1),CUTTACK, CUTTACK

It was submitted by ld AR that there was cash deposit of Rs.80,97,000/- in the bank account of the assessee as mentioned by the Assessing Officer. It was the submission that the assessee is a lady and had not cooperated in the assessment proceedings. Before the first appellate authority, the assessee had made submissions. The ld. JCIT(A)

had held that the assessee is dealing in vegetables and fruits products and has disbelieved the transaction. It was the submission that these transactions were effectively had been in regard to the petrol pump operated by the assessee’s husband. It was the submissions that the details have not been produced properly before the ld AO and ld CIT(A). It was the submission that the assessee may be granted an opportunity to explain the issue before the Assessing Officer.

In reply, ld Sr DR vehemently supported the order of the Assessing Officer ad that of the ld JCIT(A). It was the submission that there is no debit in the bank account of the assessee.

We have considered the rival submissions. As it is submitted by ld AR that there has been mistake in the representation of the matter before the ld AO and ld CIT(A) in respect of the facts of assessee’s case, therefore, in the interest of justice, the issues in this appeal are restored to the file of the Assessing Officer for readjudication afresh after granting the assessee adequate opportunity to substantiate its case.