Shree Mangal Ram Roller Flour Mills vs. The ITO

Parties Involved

Facts Summary

The assessee, Shree Mangal Ram Roller Flour Mills, is a partnership firm engaged in the running of a roller flour mill. The assessee filed its return declaring a taxable income of Rs. 2,61,810/- for the Assessment Year 2017-18. The case was selected for complete scrutiny under CASS, and a notice under section 143(2) of the Act was issued on 06/09/2018. The Assessing Officer (AO) asked the assessee to explain the source of a cash deposit of Rs. 75,50,000/- during the demonetization period. The assessee filed a reply, but it was not found fully acceptable by the AO, leading to an addition of Rs. 61.30 lacs, which was brought to tax. The assessed income was determined at Rs. 63,91,810/- by the AO. The assessee appealed against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi, which passed an ex-parte order.…

Legal Issues

• 1. Whether the ex-parte order passed by the Ld. CIT(A) was justified in violation of principles of natural justice.

Judgment Outcome

Decided in favour of Assessee.

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