RAKS Trade Logistics Pvt. Ltd. vs DCIT

Parties Involved

Facts Summary

The instant appeal has been filed by RAKS Trade Logistics Pvt. Ltd. against the First Appellate order dated 03.07.2024 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. The appeal arises from the assessment order dated 22.12.2022 under sections 143(3) read with 144B of the Income Tax Act, 1961. The Assessing Officer made an addition of INR 22,09,92,244/- under section 69C of the Act towards bogus purchases. The assessee filed an appeal before the CIT(A), which issued four notices within 29 days. The assessee was unable to attend the proceedings due to a search action by the Directorate of Revenue Intelligence on 03.01.2023, wherein the books of accounts and other relevant documents were seized. The documents were released in January 2025.…

Legal Issues

• 1. Whether the ex-parte order passed by the CIT(A) should be set aside?

Judgment Outcome

Decided in favour of Assessee.

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