Shree Bhaidyanath Ayurved Bhawan P Ltd vs. DCIT, Circle-12(2), Kolkata

Parties Involved

Facts Summary

The assessee company, Shree Bhaidyanath Ayurved Bhawan P Ltd, is engaged in ayurvedic knowhow and manufacturing of ayurvedic medicines since 1917. The company filed its return of income for the assessment year 2022-23 on 04.11.2022, declaring a total income of Rs.35,44,36,870/-. The case was selected for scrutiny under CASS to verify issues related to expenditure by way of penalty or fine for violation of any law, ICDS compliance and adjustment, and legacy issues. The Assessing Officer issued notices under sections 143(2) & 142(1) and completed the assessment by passing an order under section 143(3) r.w.s. 144B of the Act dated 28.03.2024, assessing the total income at Rs.46,49,46,989/-. Aggrieved by this order, the assessee appealed to the CIT(A), which dismissed the appeal ex parte due to non-compliance by the assessee. The assessee then appealed to the Tribunal.…

Legal Issues

• 1. Whether the CIT(A) was justified in dismissing the appeal ex parte without considering the explanations and documentary evidences filed by the assessee.

Judgment Outcome

Decided in favour of Assessee.

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