AMISH ANANTRAI MODI,MUMBAI V. CENTRAL CIRCEL 2(1), MUMBAI

ITA 6281/MUM/2025

AI Insights

The case involves appeals by Shri Alpesh Narendra Shah against the orders of the National Faceless Appeal Centre (NFAC), Delhi, which upheld the additions made by the Assistant Commissioner of Income-tax and the Income-tax Officer regarding unsecured loans and cash credits received by the assessee. The assessee had opted for settlement under the Direct Tax Vivad se Vishwas Act, 2020, but failed to meet the conditions for settlement, leading to the continuation of the assessed demand. The Tribunal found that the additional evidence submitted by the assessee was not considered by the CIT(A) and thus restored the matter for de novo adjudication.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 792100 (ITAT-MUMBAI)
• Duration Of Justice: 2 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-12-2025
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 02-10-2025
• Laws Referred To: Income-tax Act, 1961
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SURENDRA MOHAN
• Assessee Lawyers: RAVI DASIJA
• Keywords: Additional evidence
• Section: 143(3)

Judgement Text

" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI ANIKESH BANERJEE, JUDICIAL MEMBER AND SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER I.T.A No.5141 & 5142/Mum/2025 (Assessment Years: 2013-14 & 2016-17) Shri Alpesh Narendra Shah Ground Floor, Sagar Apartment, Old Nagardas Road, Andheri (E), Mumbai- 400 093 PAN : AAQPS1183G vs ACIT,-24(1), Mumbai Piramal Chamber, Lalbaug, Parel, Mumbai. APPELLANT RESPONDENT Assessee by : Shri Ravi Dasija Respondent by : Shri Surendra Mohan (SR DR) Date of hearing : 04/12/2025 Date of pronouncement : 09/12/2025 O R D E R Per: Anikesh Banerjee (JM): Both the appeals of the assessee were filed against the order of the National Faceless Appeal Centre(NFAC), Delhi [hereinafter, ‘Ld.CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) for the Assessment Year 2013-14 and 2016-17, date of orders 25/06/2025 and 02/07/2025 respectively. The impugned orders were emanated from the orders of the Learned Assistant Commissioner of Income-tax- 24(1), Mumbai (in short, Printed from counselvise.com 2 ITA No.5141 & 5142 /Mum/2025 Alpesh Narendra Shah ‘Ld.AO’) passed under section 143(3) of the Act, date of order 30/03/2016 for A.Y. 2013-14 and order passed by the Ld. Income-tax Officer 24(1)(1), Mumbai (in short, ‘Ld.AO’) passed under section 143(3) of the Act, date of order 29/12/2018 for A.Y. 2016-17. 2. Since both the appeals have identical facts and common issues, both the appeals were heard together and are being disposed of by this common order. ITA No.5141/Mum/2025 is taken as lead case. 3. We have heard the rival submissions and perused the material available on record. The Ld. AR filed a paper book containing pages 1 to 65, which has been duly taken on record. The Ld. AR submitted that the assessee, an individual, filed the return of income for the relevant assessment year declaring total income of Rs.27,46,700/-. The return was processed under section 143(1) and subsequently selected for scrutiny under CASS. During the scrutiny proceedings, the Ld. AO noticed that the assessee had received unsecured loans amounting to Rs.1,35,77,021/- and cash credits amounting to Rs.2,07,57,087/-. The Ld. AO treated both the amounts as non-genuine and made additions accordingly. The assessee carried the matter in appeal before the Ld. CIT(A), who upheld the additions. At the appellate stage, the assessee opted for settlement under section 4(2) of the Direct Tax Vivad se Vishwas Act, 2020 (“DTVSVA”). Consequently, as per section 5(1), the appeal pending before the Ld. CIT(A) was deemed to be withdrawn upon issuance of Form 3 by the Designated Authority. However, the assessee was unable to pay the tax determined under DTVSVA and therefore Printed from counselvise.com 3 ITA No.5141 & 5142 /Mum/2025 Alpesh Narendra Shah could not avail the benefit of settlement. The Ld. CIT(A), relying on section 4(2) of DTVSVA, dismissed the appeal, resulting in the assessed demand continuing to stand against the assessee. The assessee has now challenged the appellate order before the Tribunal. 4. The Ld. AR submitted that before opting for DTVSVA, the assessee had participated in the appellate proceedings and had filed additional evidence before the Ld. CIT(A). Such evidence comprising confirmations of accounts, bank statements, and documents relating to the loan creditors (placed at APB pages 7 to 36) which was not considered by the Ld. CIT(A). The Ld. AR drew our attention to APB pages 5 and 6, which demonstrate the filing of additional evidence before the first appellate authority. Therefore, the Ld. CIT(A) failed to adjudicate upon the additional evidence, resulting in denial of reasonable opportunity. The Ld. AR requested that the matter be restored to the file of the Ld. CIT(A) for de novo adjudication. 5. The Ld. DR supported the orders of the revenue authorities but did not raise any serious objection to the relief sought by the Ld. AR. 6. Upon careful consideration of the submissions and the material placed on record, we note that although the assessee had opted for settlement under the DTVSVA scheme, he could not fulfil the conditions necessary to obtain the benefit there under. It is further evident that the assessee had filed additional evidence before the Ld. CIT(A), copies of which are also placed before us in the paper book. We admit the said evidence, as it bears direct relevance to the additions made Printed from counselvise.com 4 ITA No.5141 & 5142 /Mum/2025 Alpesh Narendra Shah and goes to the root of the matter. In the interest of justice, we therefore deem it appropriate to restore the matter to the file of the Ld. CIT(A) for fresh adjudication. The Ld. CIT(A) is directed to examine the additional evidence and pass a reasoned order after providing adequate opportunity of hearing to the assessee. We refrain from expressing any view on the merits of the additions so as not to prejudice the proceedings before the first appellate authority. The assessee is advised to extend full cooperation and diligently participate in the restored appellate proceedings. Accordingly, the appeal of the assessee is allowed for statistical purposes. ITA 5142/Mum/2025 7. In view of the facts and circumstances being identical to appeal in ITA No.5141/Mum/2025, which we have decided above, the decision arrived at therein shall apply mutatis mutandis to this appeal also. 8. In the result, both the appeals of the assessee bearing ITA No.5141 & 5142/Mum/2025 are allowed for statistical purpose. Order pronounced in the open court on 09/12/ 2025. Sd/- sd/- (PRABHASH SHANKAR) (ANIKESH BANERJEE) ACCOUNTANT MEMBER JUDICIAL MEMBER Mumbai,िदनांक/Dated: 09/12/2025 Pavanan Printed from counselvise.com 5 ITA No.5141 & 5142 /Mum/2025 Alpesh Narendra Shah Copy of the Order forwarded to: 1. अपीलाथ /The Appellant , 2. ितवादी/ The Respondent. 3. आयकरआयु\u0014 CIT 4. िवभागीय ितिनिध, आय.अपी.अिध., मुंबई/DR, ITAT, MUMBAI 5. गाड\u0019फाइल/Guard file. BY ORDER, //True Copy// (Asstt. Registrar), ITAT, MUMBAI Printed from counselvise.com "