Sandip Kiritbhai Patel HUF Vs DCIT (ITAT Ahmedabad)
In the matter abovementioned ITAT remanded the matter to CIT (A) with a cost of Rs. 5,000/- after considering that assessee failed to comply with the notices issued by CIT (A).
Assessee filed return for AY 2013-14 declaring Nil income. The case of the assessee was reopened based on information received from investigation unit that the assessee is one of the beneficiaries of accommodation entries and bogus LTCG. Assessment was completed u/s 147 r.w.s. 144/144B, making additions under Section 68 of the Act on account of bogus accommodation entry, not explained properly.
Appeal before CIT (A) was dismissed for want of prosecution (Non-appearance).
On appeal before ITAT, it was held that though assessee has right to appeal against any addition or disallowance, but it is also the duty of the assessee to comply with the notices sent to him by authorities. Matter was remanded to CIT (A) for fresh consideration subjcet to payment of Rs. 5000/- in PMRF. (Prime-minister Relief Fund)
FULL TEXT OF THE ORDER OF ITAT AHMEDABAD
This appeal has been filed by the assessee against the order passed by the Ld. Commissioner of Income-tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi (hereinafter referred to as “CIT(A)” for short), dated 11.03.2024 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as “the Act” for short], for Assessment Year (AY) 2013-14.
