Ahinsa Management Pvt. Ltd., , Kolkata V. DCIT, Circle - 4(2) , Kolkata

ITA 2538/KOL/2018

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 5204 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 2 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-02-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 27-01-2020
• Assessment Year: 2008-2009
• Appeal Filed On: 06-12-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: DHRUBAJYOTI RAY J
• Assessee Lawyers: MIHIR BANDOPADHYA
• Keywords: Unexplained cash credit
• Section: 143(3)

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 2538 / KOL / 2018 ASSESSMENT YEAR :2008-09 AHINSA MANAGEMENT PVT. LTD., 157, N.S. ROAD, TOP FLOOR, KOLKATA-700 001 [ PAN NO.AACCA 5229 J ] V/S . DCIT,CIRCLE-4(2), AAYAKAR BHAWAN, P- 7,CHOWRINGHEE SQUARE, KOLKATA-69 /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI MIHIR BANDOPADHYA, ADVOCATE /BY RESPONDENT SHRI DHRUBAJYOTI RAY, JCIT-DR /DATE OF HEARING 27-01-2020 /DATE OF PRONOUNCEMENT 19-02-2020 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2008-09 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-2, KOLKATAS O RDER DATED 05.10.2018 PASSED IN CASE NO.11558/CIT(A)-2/16-17, INVOLVING P ROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT TRANSPIRES AT THE OUTSET THAT THE CIT(A) HAS NOTED ASSESSEES NON- APPEARANCE DURING LOWER APPELLATE PROCEEDINGS TO DE CLINE ITS APPEAL IN DEFAULT THEREBY AFFIRMING THE ASSESSING OFFICERS ACTION TR EATING BANK / CHEQUE DEPOSITS OF 1,60,85,500/- AS UNEXPLAINED CASH CREDITS U/S.68 OF THE ACT. ITA NO.2538/KOL/2018 A.Y. 2008-09 AHINSA MANAGEMENT PVT. LTD. VS. DCIT, CIR-4(2), KOL. PAGE 2 LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUT E THAT THE CIT(A) HAS NOWHERE CONSIDERED MERITS OF THE ISSUE IN VIEW OF T HE ASSESSEES DETAILED EVIDENCE FORMING PART OF THE CASE RECORD AS CONTEMP LATED U/S.250(6) OF THE ACT REQUIRING FRAMING OF POINTS OF DETERMINATION FO LLOWED BY A DETAILED ADJUDICATION. WE THEREFORE DEEM IT APPROPRIATE TO R ESTORE THE ABOVE SOLE ISSUE INVOLVED IN THE INSTANT LIS BACK TO THE CIT(A) FOR AFRESH ADJUDICATION AS PER LAW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. OR DERED ACCORDINGLY. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 19/02/2020 SD/- SD/- ( &) (( &) ( A.L.SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP SR.P.S )- 19 / 02 /20 20 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-AHINSA MANAGEMENT PVT. LTD. 157, N.S.ROA D,TOP FLOOR,KOLKATA-001 2. /RESPONDENT-DCIT,CIR-4(2), P-7,CHOWRINIGHEE SQ. KOL KATAA-69 3. 4 5 / CONCERNED CIT KOLKATA 4. 5- / CIT (A) KOLKATA 5. 8 ((4, 4, / DR, ITAT, KOLKATA 6. = / GUARD FILE. BY ORDER/ , /TRUE COPY/ 4,