2025 (4) TMI 1907

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....(Addl. CIT) - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by Revenue for Assessment Year (AY) 2010-11 arises out of an order of learned Commissioner of Income Tax (Appeals), Patiala [CIT(A)] dated 27-03-2018 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 25-03-2013. At the time of hearing, none appeared for a....

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....al matrix, relied on the decision of jurisdictional High Court in the case of Sheena Exports (207 Taxman 75) to delete the impugned addition against which the revenue is in further appeal before us. 4. From the facts, it emerges that the assessee is a corporate entity and it is maintaining quantitative details of raw material and finished goods. The books of accounts of the assessee are duly au....