Failure to participate in appellate proceeding due to justifiable reasons: Matter restored

Shri Mangalam Traders-1 Vs ITO (ITAT Raipur)

ITAT Raipur held that there were justifiable reasons for the assessee firm of having remained unaware about the on-going appellate proceedings before the CIT(Appeals). Thus, failure to participate resulted into ex-parte order. Accordingly, matter restored back for fresh adjudication.

Facts- During the course of assessment proceedings, the A.O observed that the assessee firm was one of the beneficiary of bogus purchase bills of Rs.79,64,000/- procured from four tainted parties. As the assessee firm had failed to su

Please become a Premium member. If you are already a Premium member, login here to access the full content.