RAJAGOPAL RAVIKUMAR,VELLORE vs. ITO, WARD-1,, VELLORE

Aforesaid appeal by assessee for Assessment Year (AY) 2017-18 arises out of an ex-parte order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 10-09-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] on best judgment basis u/s. 147 r.w.s. 144 of the Act on 03-12-2022. In the assessment order, Ld. AO made addition of Rs.71.89 Lacs. The same was on the basis of data reflected in Form 26AS. The assessee failed to make any representation before any of the lower authorities. The Ld. AR has pleaded for another opportunity of hearing which has been opposed by Ld. Sr. DR.

Though the assessee has remained negligent, however, keeping in mind the principle of natural justice, we deem it fit to grant another opportunity to the assessee to substantiate its case. Therefore, we set aside the impugned order and restore the assessment back to the file of Ld. AO for de novo assessment with a direction to the assessee to substantiate its case and supply the requisite information forthwith.