2022 (3) TMI 22

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....r Astha Chandra , JM This appeal is filed by the assessee against the order of the Ld. Commissioner of Income Tax- 31 ("CIT(A)"), New Delhi dated 27.8.2018 pertaining to assessment year ("AY") 2013-14. 2. The assessee is a company deriving income from consultancy services. It filed its return of income on 25.8.2014 declaring income of Rs. 2,070/-. The case was selected for scrutiny under CAS....

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....that the assessee had credit in its account to the tune of Rs. 4,82,69,730/- and balance at the end of financial year 2012-13 was Rs. 459/-. 4. During the assessment proceedings, Ld. AR of the assessee submitted vide letter dated 14.3.2016 that "I had taken data from the balance sheet where no bank account shown in the balance sheet. The assessee did not clarify whether he is having bank accoun....

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....f being hard and without serving the notice of hearing as per law. 2. That on the facts in the circumstances of case, no notice of hearing has ever been received/served upon the assessee and thus the impugned order passed by Ld. CIT(A) is in violation of principles of natural justice." 6. We have heard the Ld. Representatives of the parties and perused the material on record. We are of....