RAJESH SRI LATHA,COIMBATORE vs. ITO, NON CORP WARD 2(3), COIMBATORE

Aforesaid appeal by assessee for Assessment Year (AY) 2015-16 arises out of an order passed by learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] on 19-02-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 144 of the Act on 31-08-2021. The assessee has failed to appear before any of lower authorities. In the assessment order, Ld. AO made addition of capital gains. 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, the matter is restored back to the file of Ld. AO for fresh assessment after affording reasonable opportunity of hearing to the assessee. The assessee is directed to substantiate its case and supply the requisite information.

The appeal stand allowed for statistical purposes. Order pronounced on 21st May, 2024.