Case Law Details
ACIT Vs Smt B. Sujata Subudhi (ITAT Cuttack)
A perusal of the assessment order clearly shows that the provisions of section 145 (3) have not been invoked and the books of account of the assessee have not been rejected. This being so, admittedly, estimation of the assessee’s income is not permissible.
FULL TEXT OF THE ORDER OF ITAT CUTTACK
This is an appeal filed by the revenue against the order of the CIT(A) Cuttack dated 24.10.2019 in Appeal No.0613/2016 -17 for the assessment year 2014-15. The cross objection filed by the assessee is against the appeal filed by the revenue in ITA No.69/CTK/2020.
2. In the cross objection, the assessee has raised the issue that the appeal of the revenue is not maintainable in view of monetary limits prescribed by the CBDT for filing the appeals before the Tribunal.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
