Islander Housing Project Pvt. Ltd. vs. ITO, Ward-3(4), Port Blair

Parties Involved

Facts Summary

The assessee, Islander Housing Project Pvt. Ltd., a Private Limited Company, did not file a return of income for the Assessment Year 2020-21. The Assessing Officer found significant cash deposits and withdrawals in the assessee's bank accounts, along with substantial sales reported in the GST return. Consequently, the case was reopened under Section 147, and an assessment was completed under Section 144B by adding Rs.49,56,358/- as undisclosed business income. The assessee appealed this order before the Commissioner of Income Tax (Appeals), but the appeal was dismissed ex parte due to non-compliance. Dissatisfied, the assessee filed an appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the ex parte dismissal of the appeal by the CIT(A) was justified?

Judgment Outcome

Decided in favour of Assessee.

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