MONIKA INDUSTRIES VS. ITO, WARD 56(3)

Parties Involved

Facts Summary

The assessee, MONIKA INDUSTRIES, filed a return of income on 30.10.2018 declaring a total income of Rs. 2,81,810/-. The Assessing Officer (AO) accepted the returned income and passed an order on 29.12.2023 under sections 147, 144, and 144B of the Act. However, there was an error in the computation sheet where the aggregate income tax liability was erroneously mentioned as Rs. 1,02,826/- instead of NIL, resulting in a net demand of Rs. 82,456/-. The assessee attempted to rectify this error but was unable to do so online due to the assessment being framed by the national faceless assessment authority. Consequently, the assessee filed an appeal before the Commissioner of Income Tax (Appeals) on 21.02.2024, which was dismissed due to a 24-day delay in filing.…

Legal Issues

• 1. Violation of the principle of natural justice and dismissal of appeal without considering merits.
• 2. Error apparent on the face of the record in the computation sheet.
• 3. Delay in filing the appeal and condonation of delay.

Judgment Outcome

Decided in favour of Assessee.

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