ITA No.503/PAT/2026

Parties Involved

Facts Summary

The Assessee filed a return of income declaring a total income of Rs.1,10,523/-. The case was selected under CASS due to a reported huge turnover in Part A-Trading A/c exceeding the statutory limit for tax audit as per section 44AB of the Income Tax Act, 1961. The Assessee did not file a tax audit report, and the reason for not filing the report was to be verified. An Assessment Order was passed on 19.03.2024, making an addition of Rs.93,99,622/- being 10% of the total turnover of Rs.9,39,96,221/-. The Assessee appealed against the Assessment Order, which was dismissed by the Ld. CIT(A) on 11.05.2026. The Assessee then filed an appeal against the order of the Ld. CIT(A).…

Legal Issues

• 1. Whether the Assessee could produce certain documents before the Assessing Officer and filed an Application under Rule 46A of the Income Tax Rules, 1962.

Judgment Outcome

Decided in favour of Assessee.

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