A K ENTERPRISES ,DELHI vs. ITO WARD 35(5), DELHI

In the result, appeal of the assessee is dismissed

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwalassessment Year: 2019-20

2. That because both the authorities failed to appreciate, consider verify from the records, that the partnership firm has already closed –down its business activities w.e.f.31-03-2017 as such bearing no transaction if any in their current account no. 419001010050745 maintained with the Union Bank of India. 3. That the ex-parte assessment order passed u/s 147 r.w.s. 144 & 144B