SHREE MANGAL RAM ROLLER FLOUR MILLS,AMBALA vs INCOME TAX OFFICER, WARD-4 , AMBALA

Order PER VIKRAM SINGH YADAV, A.M. : This is an appeal filed by the Assessee against the order of the Ld. CIT(A)/NFAC, Delhi dt. 14/12/2023 pertaining to Assessment Year 2017-18.

The main grievance of the assessee in the present appeal relates to the ex-parte order passed by the Ld. CIT(A)/ NFAC, Delhi in violation of principles of natural justice.

Brief facts of the case are that the assessee is a partnership firm engaged in the running of roller floor mill. The assessee e- filed its return declaring taxable income of Rs. 2,61,810/- for the A.Y. 2017-18 on 30/10/2017. Later on, the case was selected for complete scrutiny under CASS. Thereafter, notice under section 143(2) of the Act was issued on 06/09/2018 and served upon the assessee electronically. The AO stated that the assessee deposited cash amounting to Rs. 75,50,000/- during demonetization period and the assessee was asked to explain the source of cash deposit during demonetization period. In response,

SHREE MANGAL RAM ROLLER FLOUR MILLS,AMBALA vs. INCOME TAX OFFICER, WARD-4 , AMBALA