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Income Tax Appellate Tribunal, “B” BENCH, CHENNAI
Before: HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM & HON’BLE SHRI MANU KUMAR GIRI, JM
O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2017-18 arises out of an passed by learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] on 08-01-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s 143(3) r.w.s 147 of the Act on 25-12-2019. The assessee has failed to appear before first appellate authority. The Ld. AR pleaded for another opportunity of hearing which has been opposed by Ld. Sr. DR.
In the assessment order, Ld. AO made addition of cash deposit of Rs.23.67 Lacs since the assessee failed to substantiate the same. The Ld. CIT(A) dismissed the appeal since assessee failed to make any submission therein. Aggrieved, the assessee is in further appeal before us.
Though the assessee has remained negligent, however, keeping in mind the principles of natural justice, we deem it fit to grant another opportunity of hearing to the assessee. Accordingly, the matter stand restored back to Ld. AO for de novo assessment on merits after affording reasonable opportunity of hearing to the assessee. The assessee is directed to substantiate its case. 4. The appeal stand allowed for statistical purposes. Order pronounced on 20th May, 2024.