MERCHANDISERS (P) LTD,MATTANCHERRY vs. DCIT.CORPORATE CIRCLE-2(1), KOCHI

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Anikesh Banerjee, Jm Assessment Year: 2016-17 Merchandisers (P) Ltd. .......... Appellant 7/594, Jew Town, Mattancheery, Kochi [Pan: Aabcm6455D] Vs. Dcit, Corporate Circle-2(1), Kochi ......... Respondent Assessee By: Shri Thomson Thomas, Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 27.10.2025 Date Of Pronouncement: 29.10.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi (Nfac) Dated 06.08.2025 For Assessment Year (Ay) 2016-17. 2. Brief Facts Of The Case Are That The Appellant Is A Private Limited Company Engaged In The Business Of Trading In Raw-Rubber. The Return Of Income For Ay 2016-17 Was Filed On 17.10.2016 Disclosing Loss Of Rs. 3,79,128/-. The Said Return Of Income Was Processed U/S. 143(1) Of The Income Tax Act, 1961 (The Act) Accepting The Returned

Loss A/c. comes only Rs. 23,13,615/-. Therefore, the question of making addition on account of alleged bogus purchase to the tune of Rs. 1,45,91,304/- does not arise. Further, the submission of the appellant that it does not deal in garments, requires verification by the AO. Therefore, in the interest of justice, we remand the matter