Before Shri G.S. Pannu, Hon’ble President and Shri Amit Shukla, Judicial Member
The appellant, Micro International, New Delhi, filed an appeal against the order dated 22.03.2022 passed by Ld. Commissioner of Income Tax (Appeals)-29, New Delhi for the quantum of assessment passed under section 144 of the Income Tax Act, 1961 for the assessment year 2017-18.
The appeal was decided based on the material available on record as the appellant did not appear despite various notices. The Assessing Officer made additions on account of unexplained cash deposits and estimated gross profit. The CIT (A) passed an ex parte order confirming the Assessing Officer’s order. However, the estimation of 15% of the revenue from operations was considered arbitrary and the issue was restored back to the file of the Assessing Officer for proper examination.
Ultimately, the appeal of the assessee was partly allowed for statistical purposes.
Order pronounced in the open court on 26th July, 2023.
Presiding Officers:
Shri G.S. Pannu, Hon’ble President
Shri Amit Shukla, Judicial Member
Income Tax Appellate Tribunal Delhi Bench ‘E’, New Delhi – ITA No. 1825/Del/2022
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