Jai Maa Bhawani Projects Pvt. Ltd. vs. ACIT (OSD), Ward-2(1), Patna

Parties Involved

Facts Summary

The appeal filed by the assessee pertains to the Assessment Year 2015-16 and is directed against the order passed by the Commissioner of Income-tax (Appeal) dated 23.12.2022. The assessee, Jai Maa Bhawani Projects Pvt. Ltd., raised grievances about not receiving due opportunity before the lower authorities to file documents and the addition of Rs.40,05,170/- calculated by estimating profit at 8% on the work-in-progress. The assessee argued that the notice of hearing was sent to the wrong email ID, and they only became aware of the order on 08.05.2023. The assessee submitted that they had all relevant details to prove the addition was uncalled for.…

Legal Issues

• 1. Assessee's failure to get due opportunity before the lower authorities to file documents.
• 2. The addition of Rs.40,05,170/- calculated by estimating profit @ 8% on the work-in-progress.

Judgment Outcome

Decided in favour of Assessee.

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