In the result, appeal of the Assessee is partly allowed for statistical purposes
Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)
80G. It filed its return of income declaring nil income. The case was selected for scrutiny and statutory notices under sections 143(2) and 142(1) were issued. According to the Assessing Officer, despite opportunities the assessee did not satisfactorily substantiate its claims. The Assessing Officer, therefore, proceeded to complete the assessment ex parte under section 144 and assessed total