Cassio Electronics Private Limited , Kolkata V. I.T.O.,Ward-10(3), Kolkata

ITA 2569/KOL/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 5906 (ITAT-KOLKATA)
• Duration Of Justice: 2 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-02-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2016-2017
• Appeal Filed On: 11-12-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 40A(3); 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH SMC KOLKATA BEFORE SHRI S.S, GODARA, JUDICIAL MEMBER ITA NO.2569/KOL/2019 ASSESSMENT YEAR:2016-17 CASSIO ELECTRONICS PVT. LTD., 6/2, RAI BAHADUR ROAD, BEHALA, KOLKATA-700 034 [ PAN NO. AABCC 1669 H ] / V/S . INCOME TAX OFFICER WARD-10(3), AAYAKAR BHAWAN, P-7, CHOWRNGHEE SQUARE KOLKATA-700 069 /APPELLANT .. /RESPONDENT /BY APPELLANT NONE /BY RESPONDENT SHRI JAYANTA KHANRA, JCIT-SR-DR /DATE OF HEARING 05-02-2020 /DATE OF PRONOUNCEMENT 14-02-2020 /O R D E R THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2016-17 ARISES AGAINST THE COMMISSIONER OF INCOME-TAX (APPEALS)-4 KOLKATAS OR DER DATED 19.08.2019 PASSED IN CASE NO.123/CIT(A)-4/18-19, INVOLVING PROCEEDINGS U/S. 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. CASE CALLED TWICE. NONE APPEARS AT THE ASSESSEES B EHEST. I THUS PROCEED EX PARTE AGAINST THE ASSESSEE IN THE INSTANT CASE. 2. I NOTICE AT THE OUTSET THAT THE ASSESSEES INSTA NT APPEAL SUFFERS FROM TWENTY TWO DAYS DELAY WHICH IS STATED TO BE ATTRIBUTABLE COMM UNICATION GAP AND COMPILATION OF NECESSARY RECORDS. LEARNED DEPARTMENTAL REPRESENTAT IVE IS FAIR ENOUGH IN NOT DISPUTING ALL THE SOLEMN AVERMENTS. I THEREFORE CONDONE THE I MPUGNED TWENTY TWO DAYS DELAY IN FILING OF THE INSTANT APPEAL. ITA NO.2569/KOL/2019 A.Y. 2016-17 CASSIO ELECTRONICS PVT LTD. VS. ITO WD-10 (3), KOL PA GE 2 3. COMING TO MERITS, I NOTICE THAT THE ASSESSEES T WO SUBSTANTIVE GRIEVANCES CHALLENGE CORRECTNESS OF LOWER AUTHORITIES ACTION ADDING SUMS OF 1,73,783/- & 4,32,038/- ON ACCOUNT OF LACK OF RECONCILIATION IN CLOSING BALANCE OF CREDITORS VIS- VIS- EARLIER YEARS FIGURES FOLLOWED BY SEC. 40A(3) DISALLOWANCE. LEARNED DEPARTMENTAL REPRESENTATIVE IS FAIR ENOUGH IN MAKING IT CLEAR TH AT THE ASSESSEE COULD NEITHER RECONCILE THE IMPUGNED DIFFERENCE NOR EXPLAIN THE M ITIGATING CIRCUMSTANCES OF ITS CASH PAYMENTS. I THEREFORE DEEM IT APPROPRIATE TO RESTOR E THESE TWIN ISSUES BACK TO THE CIT(A) FOR AFRESH ADJUDICATION WITHIN THREE EFFECTI VE OPPORTUNITIES OF HEARING TO THE ASSESSEE WHO SHALL AT LIBERTY TO LEAD ALL NECESSARY EVIDENCE SUBJECT TO FACTUAL VERIFICATION. 4. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT ON 14/02/2020 SD/- ( S.S. GODARA) JUD ICIAL MEMBER KOLKATA, *DKP/SR.PS - 14/02/2020 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-CASSIO ELECTRONICS PVT. LTD, 6/2 RAI BAH ADUR ROAD, BEHALA KOLKATA-700 03 4 2. /RESPONDENT-ITO WARD-10(3), AAYKAR BHAWAN, P-7 CHOW RINGHEE SQUARE KOLKATA-700 069 3. ' % / CONCERNED CIT 4. % - / CIT (A) 5. & ))' , ' / DR, ITAT, KOLKATA 6. + / GUARD FILE. BY ORDER/ , /TRUE COPY/ ',