Skoda Auto Kamgar Sahakari Pathsanstha Maryadit Vs ITO

Parties Involved

Facts Summary

The assessee, a credit co-operative society, filed its Income Tax Return for Assessment Year 2020-21 on 19/12/2020, declaring 'NIL' taxable income after claiming a deduction under section 80P(2)(a)(i) for a sum of ₹67,11,946/-. The case was subjected to limited scrutiny under CASS to verify the deduction claimed. Due to non-compliance with notices issued under sections 143(2) and 142(1) of the Income-Tax Act, 1961, the assessee was issued a show cause notice under section 144 on 26/08/2022. In the absence of representation and response to the show cause notice, the assessment was finalized under section 144 of the Act on 19/09/2022, denying the entire deduction claimed. The assessee appealed against this order, which was dismissed by the National Faceless Appeal Centre for non-prosecution. The assessee then filed the present appeal seeking to remand the matter back for de-novo adjudication.…

Legal Issues

• 1. Ex-parte assessment and dismissal of appeal by NFAC

Judgment Outcome

Decided in favour of Partly Assessee.

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