Assessment Set Aside Due to Need for Fresh Examination of Books & Fair Hearing: ITAT Delhi

Kavita Sharma Vs ITO (ITAT Delhi) The appeal was filed against the order dated 19.03.2018 passed by the Commissioner of Income Tax (Appeals), arising from the assessment order dated 16.12.2016 under Section 143(3) of the Income Tax Act, 1961 for Assessment Year 2014–15. The assessee had filed a return of income declaring Rs. 9,14,500, which was processed and later selected for complete scrutiny under CASS due to low net profit in comparison to large gross receipts. Notices under Sections 143(2) and 142(1) were issued, and the authorized representative of the assessee participated in the proc...