PLUTUS INFRASTRUCTURE LTD,PATNA vs. ITO, WARD-2(2), PATNA, PATNA

In the result the appeal of the assessee is allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishrai.T.A. No.30/Pat/2025 Assessment Year: 2015-16 Plutus Infrastructure Ltd.………………. …………………....Appellant 310, N P Centre, New Dak Bunglow Road, Patna- 800001.. [Pan: Aadcp2152Q] Vs. Ito, Ward-2(2), Patna……..…..……………..………………….…..... Respondent Appearances By: Shri D. V. Pathy, Sr. Adv. Appeared On Behalf Of The Appellant. None Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 07, 2026 Date Of Pronouncing The Order : January 12, 2026 आदेश / Order Per Sonjoy Sarma: The Present Appeal Filed By The Assessee Is Directed Against The Order Dated 29.02.2024 Passed By The Nfac, Delhi U/S 250 Of The Income Tax Act, 1961 (The ‘Act’) For The Assessment Year 2015-16. 2. Brief Facts Of The Case Are That The Assessee Is A Company Engaged In The Business Of Real Estate Development & Construction. For The Assessment Year 2015–16, The Assessee Filed Its Return Of Income Declaring A Total Income Of ₹83,028. During The Course Of Assessment Proceedings, The Assessing Officer Estimated The Net Profit At The Rate Of 8% On Undisclosed Sales & Accordingly Made An Addition Of ₹17,71,120. In Addition Thereto, An Addition Of ₹5,60,000 Was Made

120. In addition thereto, an addition of ₹5,60,000 was made I.T.A. No.30/Pat/2025 Plutus Infrastructure Ltd under section 43CA of the Income-tax Act, 1961. The assessment was completed accordingly. 3. Aggrieved by the assessment order, the assessee preferred an appeal before the CIT(A). However, the appeal was dismissed for non- prosecution, as the assessee failed to appear