VIJAY CHIMAJI SHINDE, PUNE V. Income Tax Officer, WARD- 4(5), PUNE

ITA 1278/PUN/2023

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 3239 (ITAT-PUNE)
• Duration Of Justice: 4 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-03-2024
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2015-2016
• Appeal Filed On: 26-11-2023
• Result in Favour of: Matter Remanded
• Court: TRIBUNAL
• Section: 2(22)(e)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE “SMC” BENCH : PUNE [VIRTUAL HEARING] BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER आयकर अपील सं. /ITA No.1278/PUN/2023 नधा रण वष / Assessment Year : 2015-16 Vijay Chimaji Shinde, B-12, Suryawanshi Tower, Bhekrai Nagar, Parmar Parisar, Phursungi, Pune 412 307 Maharashtra PAN : BSSPS8319F vs. Income Tax Officer, Ward-4(5), Pune (Appellant) (Respondent) For Assessee : Shri Pramod S. Shingte For Revenue : Smt. Neha Deshpande Date of Hearing : 14.03.2024 Date of Pronouncement : 27.03.2024 ORDER PER SATBEER SINGH GODARA, J.M. : This assessee’s appeal for assessment year 2015-16, arises against the National Faceless Appeal Centre [in short the “NFAC”] Delhi’s Din and Order No.ITBA/NFAC/S/250/2023-24/1056999742(1), dated 12.10.2023, involving proceedings u/s.147 r.w.s.144B of the Income Tax Act, 1961 (in short “the Act”). Heard both the parties at length. Case file perused. 2. Coming to the assessee’s sole substantive grievance herein seeking to reverse both the learned lower authorities action making section 2(22)(e) deemed dividend addition of Rs.16,84,370/- representing loans availed from M/s. Precision Agritech Pvt. Ltd., the Revenue could hardly dispute that the 2 ITA.No.1278/PUN/2023 Vijay Chimaji Shinde learned NFAC impugned lower appellate discussion has nowhere dealt with the merits thereof as contemplated u/s.250(6) of the Act. Faced with this situation, the assessee’s substantive ground pleaded in the instant appeal is hereby restored to the NFAC for fresh appropriate adjudication in accordance with law, preferably within three effective opportunities of hearing subject to rider that it shall be the assessee’s onus only to plead and prove all facts with the relevant evidences in consequential proceedings. 3. This assessee’s appeal is allowed for statistical purposes in above terms. Order pronounced in the open Court on 27 th March, 2024. Sd/- [SATBEER SINGH GODARA] JUDICIAL MEMBER Pune, Dated : 27 th March, 2024 Satish Copy to : 1. The appellant 2. The respondent 3. The Pr. CIT, Pune concerned 4. D.R. ITAT, “SMC” Bench, Pune. 5. Guard File. / /By Order // //True Copy // Sr. Private Secretary, ITAT, Pune Benches, Pune.