Trimline Agencies Pvt. Ltd. Vs. ITO, Ward-10(2), Kolkata

Parties Involved

Facts Summary

The assessee, Trimline Agencies Pvt. Ltd., filed its return of income for AY 2012-13 declaring total income at Rs. 11,560/- and deemed total income u/s 115JB at Rs. 7,989/-. The return was processed, and the case was reopened with a notice u/s 148. Show cause notices were issued, but the assessee did not comply. Consequently, an amount of Rs. 1,00,00,000/- was treated as unexplained deposit and added back as undisclosed income under Section 68. The assessee challenged this order before the Commissioner of Income Tax (Appeal)- NFAC, Delhi, but the appeal was dismissed due to non-compliance. The assessee then filed this appeal, arguing that it should have been given an opportunity to present its case.…

Legal Issues

• 1. Whether the assessee should have been given an opportunity to present its case before the Assessing Officer (AO).

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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