2024 (8) TMI 1495

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..... DR ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee against the order dated 22.01.2024 of the National Faceless Appeal Centre [hereinafter referred to as 'CIT(A)'] passed u/s 250 of the Income Tax Act (hereinafter referred to as the 'Act'). 2. The assessee in this appeal has taken the following grounds of appeal: "1. The Ld. CIT(A....

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....appeal and to adduce additional evidence in support of ground of appeal at the time of hearing of the case." 3. At the outset, the ld. Counsel for the assessee has submitted that the Assessing Officer has made the impugned addition of Rs. 65,45,637/- on accrual basis treating the Joint Development Agreement executed by the assessee as transfer u/s 2(47) of the Act. The ld. Counsel for the asses....

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....lting into passing of the ex parte assessment order u/s 147 r.w.s 144 of the Act. He, therefore, has submitted that the assessee may be given an opportunity to furnish the true and actual facts before the Assessing Officer. 6. Considering the above submissions of the assessee, we are of the view that the interests of justice will be well-served if the assessee is given an opportunity to present....