HIRALAL AGENCIES PVT. LTD.,,RANCHI vs. DCIT, CIRCLE-1, RANCHI

Appeal of the assessee is allowed

Bench: the Ld. CIT(A) where appeal of the assessee was dismissed sustaining the order of the AO.

reassessment proceedings, a certified copy of the reasons recorded for reopening was furnished to the assessee. The assessee was also issued notice under Section 142(1) of the Act. On examination of the ledger accounts, the AO observed that the assessee, being a contractor, had shown receipts from blasting, site clearance, and mining aggregating to ₹25,70,23