In the result, the appeal of the assessee is allowed for statistical purposes
Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2016-17 Bhargavi Marketers, Vs. The Income Tax Officer, Ward – 6(1), Hyderabad. Hyderabad. Pan : Aapfb3209D (Appellant) (Respondent) Assessee By: Shri V. Venkata Rao, C.A. Revenue By: Ms. Kavitha Rani, Sr.A.R. Date Of Hearing: 04.12.2024 Date Of Pronouncement: 05.12.2024
section 147 of the Income Tax Act, 1961. It is regretted to note that you have neither filed your return of income for the AY u/s 139 of the Act nor in response to the notice u/s 148.” 7. The ld.AR further submitted that the reasons for re-opening of the assessment are available at page 2 of the assessment