M/s. R. Subba Raju v. ACIT, Circle-1, Rajahmundry
[Citation -2016-LL-0919-43]
| Citation | 2016-LL-0919-43 |
|---|---|
| Appellant Name | M/s. R. Subba Raju |
| Respondent Name | ACIT, Circle-1, Rajahmundry |
| Court | ITAT-Visakhapatnam |
| Relevant Act | Income-tax |
| Date of Order | 19/09/2016 |
| Assessment Year | 2006-07 |
| Judgment | View Judgment |
| Keyword Tags | reasonable opportunity • reopening of assessment |
| Bot Summary: | The assessee has raised the following grounds of appeal: 1 ITA No.335/Vizag/2013 M/s. R. Subba Raju, Rajahmundry 1. Commissioner of Income-tax - ii, Mumbai should not have dismissal the appeal filed by the appellant; 2. The reason given by the assessing officer is on examination of the accounts, it is found that the assessee short accounted sub-contract receipts to the extent of Rs.92,00,000/- and the same is added back to the income. The first ground of appeal raised by the assessee is re-opening of the assessment. So far as addition in respect of Rs.92 lakhs is concerned, the Ld. Counsel for the assessee has submitted that due to ill health, the assessee was not able to appear before the Ld. CIT(A) one more opportunity may be given to the assessee to substantiate his case before the Ld. CIT(A). Thus, we set aside the order passed by the Ld. CIT(A) and remit the matter back to the file of the CIT(A) to consider the case afresh after giving a reasonable opportunity to the assessee and decide the issue according to law. In the result, the appeal filed by the assessee is allowed for statistical purposes. |