SRIRAM ENTERPRISES,PATNA vs. PCIT (CENTRAL), PATNA
In the result, the appeal of the assessee is allowed
ITA 76/PAT/2023[2018-19]Status: DisposedITAT Patna08 May 2024AY 2018-19
Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No. 76/Pat/2023 Assessment Year: 2018-2019 Sriram Enterprises,………………………..........Appellant C/O. Nirmal & Associates, Nepali Kothi, Opposite Gasoline Petrol Pump, Boring Road, Patna-800001 [Pan:Aarfs8853J] -Vs.- Principal Commissioner Of Income Tax (Central), Patna,…………………………………..……………..Respondent, Bihar-800001 Appearances By: Shri Nishant Maitin, C.A., Appeared On Behalf Of The Assessee Md. A.H. Chowdhary, Cit (D.R.), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : 5Th March, 2024 Date Of Pronouncing The Order: May 8Th, 2024 O R D E R
Section 133ASection 142(1)Section 143(1)Section 263
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The assessing officer failed to carry out necessary inquiry/verification on the issue to reach to a logical, factual conclusion which he was duty bound to perform as an assessing officer.
The above inaction on the part of the assessing officer clearly makes the order passed by the assessing officer on 02.09.2021 erroneous so far as interest of revenue
