Shri Anand shankar, Bokaro Steel City V. ITO,Ward-1(3), Bokaro Steel City

ITA 250/RAN/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 0252 (ITAT-RANCHI)
• Duration Of Justice: 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-03-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 28-08-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: RUKHSAR PERWEEN
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RANCHI BENCH SMC RANCHI BEFORE SHRI S.S, GODARA, JUDICIAL MEMBER ITA NO.250/RAN/2019 ASSESSMENT YEAR:2014-15 ANAND SANKAR, C/O R.R. TRIPATHY & CO. F/9, 1 ST FLOOR, CITY CENTRE, SECTOR-4, BOKARO STEEL CITY-827004 [ PAN NO.AGXPS 6409 A ] / V/S . INCOME TAX OFFICER WARD-3(1), BOKARO /APPELLANT .. /RESPONDENT /BY APPELLANT MISS. RUKHSAR PERWEEN, AR /BY RESPONDENT SRI AJAY KUMAR, ADDL. CIT-DR /DATE OF HEARING 06-03-2020 /DATE OF PRONOUNCEMENT 06-03-2020 /O R D E R (ORAL) THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2014-15 , ARISES AGAINST THE COMMISSIONER OF INCOME-TAX (APPEALS)-HAZARIBAGHS O RDER DATED 17.06.2019 PASSED IN CASE NO. 10058/CIT(A)/HZB/2018-19, INVOLVING P ROCEEDINGS U/S. 143(3) R.W.S. 147 OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT . HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE HEREIN IN THE INSTANT LIS IS THAT OF CORRECTNESS OF BOTH THE LOWER AUTHORITIES ACTION AD DING AN AMOUNT OF 11,87,052/- AS UNEXPLAINED IN THE LOWER PROCEEDINGS. LEARNED COUNS ELS ONLY CASE IS THAT THE VERY AMOUNT STOOD ADDED IN ASSESSEES WIFES HANDS AND S HE HAS ALSO PAID TAX. I THEREFORE DEEM IT APPROPRIATE IN THESE PECULIAR FACTS AND IN ORDER TO AVOID DOUBLE ADDITION OF THE ITA NO.250/RAN/2019 A.Y. 2014-1 5 SH. ANAND SHANKAR VS. ITO WD-3(1) BOK ARO PAGE 2 VERY AMOUNT THAT THE ASSESSING OFFICERS NEEDS TO C ARRY OUT NECESSARY FACTUAL VERIFICATION IN THIS REGARD. ORDER ACCORDINGLY. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT AT THE CLOSE OF HEAR ING ON FRIDAY , 6 TH MARCH, 2020 SD /- ( #) (S.S. GODARA) JUDICIAL MEM BER *DKP/SR.PS % - 06/03/2020 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-ANAND SHANKAR, C/O R/R/TRIPATHY & CO. F/ 9, 1 ST FLOOR, CITY CENTRE, SECTOR -4, BOKARO STEEL CITY-827004 2. /RESPONDENT-ITO WARD-3(1), BOKARO 3. ) , / CONCERNED CIT 4. , - / CIT (A) 5. - ) , ) / DR, ITAT, RANCHI 6. 1 / GUARD FILE. BY ORDER/ , SR. PRIVATE SECRETARY/P.S (ON TOUR) ),