Alcems Marketing Pvt. Ltd., Kolkata V. DCIT, Cir. 11(1), Kolkata

ITA 125/KOL/2022

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9322 (ITAT-KOLKATA)
• Duration Of Justice: 7 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-10-2022
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: A
• Next Hearing Date: 26-09-2022
• Assessment Year: 2014-2015
• Appeal Filed On: 01-03-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Principle of natural justice; Reasonable cause
• Section: 68; 148; 143(3)

Judgement Text

1. ITA No.125/Kol/2022 AY 2014-15 M/s. Alcems Marketing P.Ltd. आयकर अपील य अ धकरण, पीठ “A” , कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL BENCH “A”KOLKATA सम : ी संजय गग , या यक सद य एवं ी ी मनीष बोरड, लेखा सद य Before: Shri Sanjay Garg, Judicial Member and Shri Manish Borad, Accountant Member आयकर अपील सं.य/ IT A No. 125/Kol/2022 Assessment Year: 2014-15 M/s.Alcems Marketing Pvt.Ltd C/o Subash Agarwwal & Associates, Advocates, Sidda Gibson, 1 Gibson Lane, Suite 213, 2 n d Fl., Kolkata-700 069. बनाम V/s. DCIT, Cir-11(1), Kolkata Aa ykar Bhaw an, P-7 Chow ringhee Square, Kolkata-700 069. P AN: AADCA0559N अपीलाथ /Appellant .. यथ /Respondent अपीलाथ क ओर से/By Appellant Shri Siddarth Agarwal, Advocate, Ld.AR यथ क ओर से/By Respondent Shri Vijay Kumar, Addl. Ld.CIT/DR स ु नवाई क तार ख/Date of Hearing 27-09-2022 घोषणा क तार ख/ Date of Pronouncement 31-10 -2022 आदेश /O R D E R PER MANISH BORAD, AM. This appeal of the assessee for the assessment year 2014-15 is directed against the order dt. 27-12-2019 passed by the ld. Commissioner of Income-tax, Appeals [ in short, hereafter referred to as ‘the ‘ld. CIT(A)-4, Kolkata. 2. ITA No.125/Kol/2022 AY 2014-15 M/s. Alcems Marketing P.Ltd. 2. The assessee has raised the following grounds of appeal for the AY 2014-15:- 1. For that the ex-parte order passed by the Ld. CIT(A) is in gross violation of the principles of natural justice and as such is not sustainable in law. 2. For that on the facts and in the circumstances of the case, the ld. CIT(A) grossly erred in confirming the addition of Rs. 6,00,000/- made by the AO on account of alleged unaccounted money. 3. The appellant craves leave to add further grounds of appeal or alter the grounds at the time of hearing. 3. At the outset, the Learned Counsel for the assessee submitted that due to unavoidable circumstances the assessee could not appear before the ld. CIT(A) and humbly prayed before us that if one more opportunity is given to assessee, assessee will plead before the ld. CIT(A) by filing necessary documents in order to substantiate that addition of Rs. 6 lakhs made u/s. 68 of the Act was uncalled for. 4. The Learned Departmental Representative was fair enough in not opposing the above submission of the Ld. Counsel for the assessee. 5. We have heard the rival contentions and perused the material placed before us. The assessee being a private limited company filed its e-return for the AY 2014-15 on 22-11-2014 declaring income at Rs.1,13,48,400/-. Thereafter, notice u/s. 148 of the Act was issued and re-assessment u/s. 147 r.w.s 143(3) of the Act was completed on 24-10-2018 after making addition u/s. 68 of the Act at Rs. 6 lakhs alleging that the assessee failed to explain the source of said sum received from M/s. Basukinath Agency P.Ltd. We further find that when the assessee carried the matter before the ld. CIT(A) on two occasions failed to appear and could not file any submission. Prayer has been made by the Ld. Counsel for assessee to restore the issue(s) to ld. CIT(A). Therefore, in the interest of natural 3. ITA No.125/Kol/2022 AY 2014-15 M/s. Alcems Marketing P.Ltd. justice and being fair to both the parties, we restore all the issues raised before us to ld. CIT(A) for fresh adjudication to be carried out after affording reasonable opportunity of being heard to the assessee. The assessee shall be vigilant to appear on the date of hearing and file necessary details explaining source of alleged sum and should not take adjournment unless otherwise required for reasonable cause. प रणामत: नधा रती क अपील सांि यक उ दे य से मंज ू र क जाती है। 6. In the result, the appeal of the assessee is allowed for statistical purpose. आदेश ख ु ले यायपीठ म दनांक 31-10- 2022 को उ घो षत। Order pronounced in the open court on 31-10-2022 Sd/- Sd/- ( SANJAY GARG) (MANISH BORAD) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated : 31-10-2022 **PP/SPS आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1.अपीलाथ /Appellant/: M/s.Alcems Marketing, Pvt.Ltd C/o Subash Agarwwal & Associates,Advocates, Sidda Gibson, 1 Gibson Lane, Suite 213, 2 nd Fl., Kolkata-700 069. 2. यथ /Respondent/:DCIT, Cir-11(1), Kolkata, Aaykar Bhawan, P- 7 Chowringhee Square, Kolkata-700 069. 3. संबं धत आयकर आय ु त / Concerned CIT 4. आयकर आय ु त- अपील / CIT (A) 5. वभागीय त न ध, आयकर अपील य अ धकरण कोलकाता / DR, ITAT, Kolkata.6.गाड फाइल/Guardfile. By order/आदेश से, /True Copy/ Assistant Registrar ITAT, Kolkata