Sri Sekhar Banerjee , Kolkata V. I.T.O.,Ward-25(2), Kolkata

ITA 2443/KOL/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 7282 (ITAT-KOLKATA)
• Duration Of Justice: 2 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-01-2020
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: SMC
• Assessment Year: 2016-2017
• Appeal Filed On: 14-11-2019
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Keywords: Unexplained investment
• Section: 143(3); 201; 43; 20

Judgement Text

ITA NO. 24 43 /KOL/2019 A SSESSMENT YEAR: 20 1 6 - 20 1 7 SRI SEKHAR BANERJEE 1 ITA NO. 2443/KOL/19 A.Y 2016 - 17 SRI SEKHAR BANERJEE IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA A (SMC) BENCH, KOLKATA BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER I.T.A. NO. 24 43 /KOL/20 1 9 ASSESSMENT YEAR: 20 1 6 - 20 1 7 SHRI SEKHAR BANERJEE,.............. ............. ....... ..... .. .. ... ...... ... .. APPELLANT FLAT NO. 401, 4 TH FLOOR, 4, RAMANATH DAS ROAD, KOLKATA - 700031 [PAN:A E GPB2929B ] - VS. - INCOME TAX OFFICER , ....................... ... ....... ... .....................RESPONDENT WARD - 25(2), KOLKATA, AAYAKAR BHAWAN DAKSHIN, 2, GARIAHAT ROAD (SOUTH), KOLKATA - 700031 APPEARANCES BY: SHRI ARKA GHOSH, ADVOCATE , FOR THE APPELLANT SMT. RANU BISWAS, ADDL. CIT, SR. D.R., FOR THE RESPONDEN T DATE OF CONCLUDING THE HEARING : JANUARY 2 8 , 20 20 DATE OF PRONOUNCING THE ORDER : JANUARY 3 1 , 20 20 O R D E R 1. THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 201 6 - 17 ARISES AGAINST THE CIT(A), 7 , KOLKATAS ORDER DATED 05 - 0 9 - 2019 PASSED IN CASE NO. 108 /CIT(A) - 7/ WARD - 25(2)/KOL/18 - 19 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME - TAX ACT, 1961 ( IN SHORT ACT). HEARD BOTH THE LEARNED PARTIES. CASE FILE PERUSED. 2. IT IS NOTICED THAT AT THE OUTSET ITSELF THE LEARNED CIT(A) PASSED HIS LOWER APPELLATE ORDER EX PARTE WHILST AF FIRMING UNEXPLAINED INVESTMENT ADDITION OF RS. 15 LAKHS MADE IN THE ASSESSMENT ORDER DT. 17 - 12 - 2018. ITA NO. 24 43 /KOL/2019 A SSESSMENT YEAR: 20 1 6 - 20 1 7 SRI SEKHAR BANERJEE 2 ITA NO. 2443/KOL/19 A.Y 2016 - 17 SRI SEKHAR BANERJEE 3. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUTE THAT THE LOWER APPELLATE ORDER UNDER HAS NOWHERE BEEN TAKEN INTO CONSIDERATION THE RELEVANT FACT UAL MATRIX OF THE SOLE ISSUE AS REQUIRED U/S. 2 50(C ) CONTEMPLATING INVOLVED IN FRAMING OF POINT S OF DETERMINATION FOLLOWED BY A DETAILED ADJUDICATION . I, THEREFORE, RESTORE THE SOLE ISSUE BACK TO HIM FOR A FRESH ADJUDICATION AS PER LAW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. 4 . THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICAL PURPOSE IN ABOVE TERMS. ORDER PRONOUNCED IN THE COURT ON 3 1 - 01 - 2020 S D / - (SATBEER SINGH GODARA) JUDICIAL MEMBER KOLKATA, THE 3 1 DAY OF JANUARY, 2020 **PP/ COPIES TO : (1) SHRI SEKHAR BANERJEE, FLAT NO. 401, 4 TH FLOOR, 4, RAMANATH DAS ROAD, KOLKATA - 700031 (2) INCOME TAX OFFICER, WARD - 25(2), KOLKATA, AAYAKAR BHAWAN DAKSHIN, 2, GARIAHAT ROAD (SOUTH), KOLKATA - 700031 ( 3 ) COMMISSIONER OF INCOME TAX (APPEALS) - 7 , KOLKATA ; (4) COMMISSIONER OF INCOME TAX - , KOLKATA ( 5 ) THE DEPARTMENTAL REPRESENTATIVE ( 6 ) GUARD FILE BY ORDER ASSISTANT REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA