Debenjana Hard coke Private Limited, Burdwan V. ITO, Ward-1(3), Durgapur, Durgapur

ITA 248/KOL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 8408 (ITAT-KOLKATA)
• Duration Of Justice: 3 year(s) 5 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-08-2022
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 11-02-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Unexplained cash credit
• Section: 68; 13

Judgement Text

1. ITA No. 248/Kol/2019 AY 2012-13 Debenjana Hard Coke P.Ltd. . आयकर अपील य अ धकरण, कोलकाता पीठ ‘ B ’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCH ‘ B ’ , KOLKATA सम : ी मनीष बोरड, लेखा सद य एवं ी संजय शमा या यक सद य Before: Shri Manish Borad, Accountant Member, and Shri Sonjoy Sarma, Judicial Member आयकर अपील सं.य/ ITA No. 248/Kol/2019 Assessment Year:2012-13 Debenjana Hard Coke P.Ltd, Vill: Hotedoba P.O Ichapur, P.S Laudoha, Burdwan. बनाम V/s. I.T.O. Ward 1(3), Durgapur Aaykar Bhawan Annexe 4 th Fl., Aaykar Bithi, City Centre, Durgapur PAN: AACCD1780F अपीलाथ /Appellant .. यथ /Respondent अपीलाथ क ओर से/By Appellant Shri K.M Roy, FCA, Ld.AR यथ क ओर से/By Respondent Shri Sudipta Guha, CIT, Ld.DR स ु नवाई क तार ख/Date of Hearing 11-08-2022 घोषणा क तार ख/Date of Pronouncement 11-08 -2022 आदेश /O R D E R Per Sonjoy Sarma, JM : This is an appeal filed by the assessee against the order dated 27- 11-2018 passed by the ld. Commissioner of Income-tax (Appeals), [in short, the ld. CIT(A)], Durgapur for the AY 2012-13. 2. ITA No. 248/Kol/2019 AY 2012-13 Debenjana Hard Coke P.Ltd. . 2. The assessee has raised the following grounds:- 1. No Proper Opportunity was Provided. 2. Ld. A.O. erred in adding a sum of Rs.13,00,000 received on account of share application money as unexplained cash credit u/s 68. 3. The Ld. A.O. erred in adding a sum of Rs. 6,76,939/- u/s 40(1)(ia) of Income Tax Act, 1961. 4. The Ld A.O. erred in adding a sum of Rs. 1,45,98,908/- as bogus creditors. 5. The Ld. A.O. erred in making an addition of Rs. 1,24,298/- as undisclosed interest on fixed deposits. 6. The appellant craves leave to add, amend or delete any grounds of appeal either before or in course of the hearing. r' 3. At the time of hearing before us the Ld. Authorised Representative of the assessee submitted that there are almost six grounds of appeal raised by the appellant assessee. Out of which, he does not want to press ground nos. 3,4,5 & 6. It does not require to be adjudicated. Remaining ground nos. 1 & 2, which goes to the route of the matter. The issue raised by the appellant assessee is that while the ld. AO passed the assessment order erred in adding the sum of Rs. 13 lakhs received on share application money as unexplained cash credit u/s. 68 of the Act. 4. Dissatisfied with the above order, the appellant assessee preferred an appeal before the ld. CIT(A), which was decided ex parte against the appellant assessee. Since the impugned order passed by the ld. CIT(A) is ex parte order, appellant assessee did not get sufficient opportunity to submit/file necessary documents and submissions before the ld. CIT(A) to substantiate the claim of assessee. Therefore, one more opportunity may be given to the appellant assessee and prayed before this Tribunal to remand the matter back to the file of the ld. CIT(A) to decide the particular 3. ITA No. 248/Kol/2019 AY 2012-13 Debenjana Hard Coke P.Ltd. . issue(ground no.2) afresh after giving reasonable opportunity of being heard in the light of the documents/submissions of the assessee. 5. On the other hand, the Ld. Departmental Representative is fair enough and he did not object to such prayer/submissions of the Ld. Authorised Representative of the assessee in remitting the issue back to the file of the ld. CIT(A) 6. We have heard the rival contentions of both the parties and perused the record placed before us. While going through the records of the case and perusing the impugned order passed by the ld. CIT-A, we find that the order passed by the ld. CIT(A) is an ex parte order without considering the submissions of the assessee. The appellant assessee did not get sufficient opportunity to submit/file necessary documents and submissions before the ld. CIT(A). We, therefore, under the given factual circumstances of the case are of the view that since the order of the ld. CIT(A) is an ex parte and no fruitful discussion has been made on merits of the case. We, therefore, in the interest of justice remand the matter back to the file of the ld. CIT(A) for deciding the particular issue(ground no.2) raised before us afresh by way a speaking order. We also direct the assessee to remain vigilant on receiving and responding the notice(s) of hearing of the ld. CIT(A) and should not request for any adjournment unless otherwise required for reasonable cause and should also file all requisite documents, if any, to the ld. CIT(A) so as to facilitate/adjudicate the issue(s) afresh by a reasoned order. Needless to mention that the assessee should be given proper opportunity of being heard. 7. Ground nos.1 & 2 raised by the assessee is allowed for statistical purpose. 4. ITA No. 248/Kol/2019 AY 2012-13 Debenjana Hard Coke P.Ltd. . प रणामत: नधा रती क अपील सांि यक उ दे य से मंज ू र क जाती है। 8. In the result, the appeal of the assessee is allowed for statistical purpose. आदेश ख ु ले यायपीठ म दनांक 11 -08-2022 को उ घो षत। The order pronounced in the open Court on 11 -08-2022 Sd/- Sd/- मनीष बोरड, लेखा सद य संजय शमा या यक सद य (MANISH BORAD) (SANJOY SARMA) ACCOUNTANT MEMBER JUDICIAL MEMBER दनांक /Dated :11-08-2022 **PP/SPS आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1.अपीलाथ /Appellant/Assessee: Debenjana Hard Coke P.Ltd Vill: Hotedoba P.O Ichapur, P.S Laudoha, Burdwan. 2. यथ /Respondent/Revenue: I.T.O. Ward 1(3), Durgapur Aaykar Bhawan Annexe, 4 th Fl., Aaykar Bithi, City Centre, Durgapur 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 / Guard file. /True Copy By order/आदेश से, Assistant Registrar ITAT, Kolkata