K K Press Tools and Components Private Limited vs. The Income Tax Officer, Corp Ward-4(3), Chennai

Parties Involved

Facts Summary

The assessee, K K Press Tools and Components Private Limited, filed its return of income for the assessment year 2013-14 declaring a total income of Rs.8,66,110/-. The case was selected for scrutiny under CASS, and the Assessing Officer issued statutory notices. The assessee submitted its reply along with the required details. Based on the submitted details, the AO made a total addition of Rs.3,89,39,204/-, arriving at a total income of Rs.3,98,05,314/- and concluded the assessment proceedings by passing an order under section 144 of the Income Tax Act, 1961 dated 24.03.2016. Aggrieved by this order, the assessee appealed to the Learned Commissioner of Income Tax (Appeal), NFAC, Delhi, but the appeal was dismissed due to non-participation of the assessee.…

Legal Issues

• 1. Whether the assessee was given reasonable opportunity to be heard by the appellate authority?

Judgment Outcome

Decided in favour of Assessee.

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