Bioworth India Private Limited, Kolkata V. DCIT, Central Circle-2(3), Bangalore

ITA 1049/BANG/2022

AI Insights

The case involves M/s. Bioworth India Pvt. Ltd., which filed an appeal against the order passed by the CIT(A) on 26.9.2022 concerning the assessment year 2014-15. The assessee had declared nil income in their return filed on 27.9.2014, which was selected for scrutiny. The Assessing Officer (AO) disallowed various claims made by the assessee, leading to an assessed income of Rs.27,71,776. The CIT(A) partly allowed the appeal, but the assessee contended that the CIT(A) had not considered submissions made in the ITBA portal. The Income Tax Appellate Tribunal (ITAT) found merit in the assessee's application for a fresh adjudication and remitted the case back to the CIT(A).

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 129218 (ITAT-BANGALORE)
• Duration Of Justice: 1 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-01-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 25-12-2022
• Assessment Year: 2014-2015
• Appeal Filed On: 06-11-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHI GANESH R GALE
• Assessee Lawyers: AKKAL DUDHEWEWALA

Judgement Text

ITA No.1049/Bang/2022 M/s. Bioworth India Pvt. Ltd., West Bengal IN THE INCOME TAX APPELLATE TRIBUNAL “SMC’’ BENCH: BANGALORE SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA No.1049/Bang/2022 Assessment Year : 2014-15 M/s. Bioworth India Pvt. Ltd. 10/D/2, Kemwell Manor Ho-Chi-Minh-Sarani Park Street West Bengal 700 071 PAN NO : AALAS0134P Vs. Deputy Commissioner of Income-tax Circle-2(3) Bengaluru APPELLANT RESPONDENT Appellant by : Shri Akkal Dudhewewala, A.R. Respondent by : Shi Ganesh R Gale, Standing Counsel for Department. Date of Hearing : 26.12.2022 Date of Pronouncement : 02.01.2023 O R D E R PER LAXMI PRASAD SAHU, ACCOUNTANT MEMBER: The appeal filed by the assessee is against order passed by the CIT(A) dated 26.9.2022. 2. The brief facts of the case are that the assessee has filed return of income on 27.9.2014 declaring nil income. The case was selected for scrutiny and statutory notices were issued to the assessee. During the course of scrutiny assessments, the AO observed that the assessee has claimed various expenditure and the details were examined by the AO. After considering the submissions made by the assessee, the AO disallowed the following claims: 1. Repair & Maintenance - Rs.13,63,362/- 2. Travelling & Conveyance Expenses - Rs.3,41,581/- 3. Professional fees u/s 35 DD of the Act- Rs.2,59,710/- 4. Lease rent paid - Rs.2,04,903/- 5. Corporation tax - Rs.6,02,220/- ITA No.1049/Bang/2022 M/s. Bioworth India Pvt. Ltd., West Bengal Page 2 of 4 2.1 The AO as per the above disallowance assessed the total income of Rs.27,71,776/-. 3. Aggrieved from the above order, the assessee has filed appeal before the CIT(A) and the ld CIT(A) partly allowed the appeal of the assessee. The ld AR reiterated the submissions made before the lower authorities. The ld AR submitted that the CIT(A) has wrongly decided the issue without considering the submissions made in ITBA portal. Therefore, as per assessee’s application letter dated 29.11.2022, he requested that the matter may be sent back to the CIT(A0 for a fresh adjudication. Letters submitted by the assessee are as under: ITA No.1049/Bang/2022 M/s. Bioworth India Pvt. Ltd., West Bengal Page 3 of 4 4. The ld DR fairly accepted that the CIT(A) has erroneously mentioned in his order that the assessee has not furnished any evidences in support of his claims and he drew my attention on the application submitted by the assessee. ITA No.1049/Bang/2022 M/s. Bioworth India Pvt. Ltd., West Bengal Page 4 of 4 5. Considering the rival submissions and request made by the assessee vide application cited (supra). I find substance on the applications made by the assessee. Therefore, in the interest of justice, the case is remitted back to the file of ld. CIT(A) for fresh adjudication and the assessee is given liberty to produce the documents in support of his claim as raised by him in the grounds of appeal. 6. In the result, the appeal filed by the assessee is allowed for statistical purposes. Order pronounced in the open court on 2 nd Jan, 2023. Sd/- (Laxmi Prasad Sahu) Accountant Member Bangalore, Dated 2 nd Jan, 2023. VG/SPS Copy to: 1. The Applicant 2. The Respondent 3. The CIT 4. The CIT(A) 5. The DR, ITAT, Bangalore. 6. Guard file By order Asst. Registrar, ITAT, Bangalore.