Apni Sahkari Awas Samiti Ltd. vs. Income Tax Officer, Ward-1(1), Noida

Parties Involved

Facts Summary

The appeal by the assessee, Apni Sahkari Awas Samiti Ltd., is directed against the order of the Commissioner of Income Tax (Appeals) dated 13.06.2023 for Assessment Year 2011-12. The assessment was reopened based on AIR information, and multiple notices were issued to the assessee under sections 148 and 142(1) of the Act, but the assessee did not respond. The Assessing Officer completed the assessment under section 144 of the Act and made an addition of Rs. 33,94,100/- on account of cash deposits in the saving bank account during Financial Year 2010-11. The assessee filed an appeal before the CIT(A), which was dismissed. The assessee remained unrepresented on eight out of nine hearing dates.…

Legal Issues

• 1. Whether the assessee was given a fair opportunity to present its case before the authorities below.
• 2. Whether the addition made by the Assessing Officer was justified.
• 3. Whether the appeal should be allowed for statistical purposes.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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