2026 (5) TMI 1068

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tional Faceless e-Asstt. Centre, Delhi ['Ld. AO'] anent to assessment year 2018-19 ['AY' hereinafter] is challenged by the captioned assessee by the present appeal. 2. Briefly stated, facts of the case are that; the assessee is a Co-operative society deriving income from trading business of wholesale agricultural produce/raw material and also engaged in other financial intermediary services. The assessee filed its return of income on 30/03/2019 declaring NIL income after claiming deduction u/c VI-A of the Act for sum of Rs.5,74,188/-. The case of the assessee is selected for complete scrutiny vide notice dt. 28/09/2019 issued u/s 143(2) of the Act. When the assessee failed to comply with scrutiny notice, the Ld. AO provided further oppor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....first appeal through documents were filed as additional evidence but owing to non-availability of effective assistant, matter could not be represented effectively. Thus, both proceedings were completed without evidence & explanations. 5. The Ld. AR however candidly accepted that, the ex-parte proceedings are attributable to assessee's failure. It was prayed that, since the proceedings did not determine rights & liabilities of rival parties conclusively, therefore one more opportunity is to be granted to adduce necessary documents/evidences and submitting satisfactory explanations against the negative observation made by the Ld. AO. With the prayer for remand, the assessee also undertaken to co-operate with proceedings on remand. Per cont....