2020 (9) TMI 1008

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....nces of the case, the order passed by the Ld. Commissioner of Income Tax (Appeals) and Ld. AO is bad both in the eye of law and on facts. 2. On the facts and circumstances of the case, the order passed in gross violation of the principle of natural justice being sufficient opportunity of being heard is not provided to the appellant and thus is illegal and untenable in the eyes of Law. 3. On the fact and circumstances of the case, Ld. CIT-A has erred in confirming the additions of Rs. 6,43,30,175/- made by the Ld. AO in the assessment order under best judgment assessment u/s 144 of the Act. 4. (i) On the facts and circumstances of the case, Ld. CIT(A) has erred in eyes of law and facts of case in confirming the add....

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....d under the statutory provision. Hence, assessment made is required to be quashed. The Hon'ble Bench has asked the Ld. DR to produce the assessment record as directed by the Hon'ble Bench on the earlier date of hearing for which Ld. DR sought time and the same was granted by the Hon'ble Bench. It is found necessary that apart from the legal grounds already taken, following specific additional ground of appeal may also be raised which are purely legal and can be raised at any time as they do not require any additional facts or material other than the assessment record or already on record. 2 It is submitted that on 04-12-2019 an application for inspection was also moved before the Dy. CIT, Central Circle-20, New Delhi, r....

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....rectly stated 19-08-2016) which is beyond the limitation period and any assessment thereafter is bad in law. c. Merely issuance of a notice u/s 143(2) is not sufficient unless it is served on the assessee as provided in the relevant provision for completing the assessment. d. The assessing officer has not provided reasonable and sufficient opportunity to the assessee before completing the assessment. e. The Ld. CIT (Appeals) has also ignored these facts and despite making request for seeking time has not allowed reasonable and sufficient opportunity to the assessee. f. The Ld. ClT (Appeals) has also failed to appreciate that assessee company has declared huge turnover and financial loss due to recession i....

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....he revenue authorities. He stated that if the Authorised Representative of the Assessee withdraw the additional grounds of appeal raised vide letter dated 20.02.2020, then the original issues in dispute may be set aside to the Assessing Officer to adjudicate the same, afresh, as per law, after giving adequate opportunity of being heard to the asessee. 4.1 Shri Rajiv Saxena, Ld. Counsel for the assessee stated that the issues raised by the assesee in the additional grounds may also be sent back to the Assessing Officer to adjudicate the same, as per law, alongwith the original grounds of appeal for fresh adjudication. He undertakes to cooperate before the AO, if this Bench set aside the issues in dispute to the Assessing Officer. 5. We....

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....ned for 30.07.2020. But again on 30.07.2020, the Ld. DR did not produce the assessment records to prove the service of notice issued u/s. 143(2) of the Act and the case was adjourned for today i.e. 16.09.2020. Today also the record is not available. But Ld. Sr. DR made a statement that, if the Counsel for the assessee withdraw the additional grounds of appeal filed vide letter dated 20.02.2020, then the issues involved in the present appeal may be set aside to the AO to decide the same afresh, as per law, after giving opportunity to the assessee. Sh. Rajiv Saxena, Ld. Counsel for the assessee agreed to the same and filed a letter dated 16.09.2020 requesting for withdrawal of the additional grounds of appeal raised vide its letter dated 20.0....