SIVAPERUMAL RAVISHANKAR, TRICHY V. ACIT NON CORPORATE CIRCLE-2(1), CHENNAI

ITA 3426/CHNY/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 6782 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 2 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-03-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2016-2017
• Appeal Filed On: 22-12-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

आयकर अपीलीय अिधकरण, ‘डी’ ᭠यायपीठ, चे᳖ई IN THE INCOME TAX APPELLATE TRIBUNAL ‘D’ BENCH, CHENNAI Įी जी. मंज ु नाथ, लेखा सदèय एवं Įी अǓनकेश बनजȸ, ÛयाǓयक सदèय के सम¢ BEFORE SHRI G. MANJUNATHA, ACCOUNTANT MEMBER AND SHRI. ANIKESH BANERJEE, JUDICIAL MEMBER आयकर अपील सं./ITA No.: 3426/Chny/2019 िनधाᭅरण वषᭅ / Assessment Year: 2016-17 Sivaperumal Ravishankar, No. 9,10, N.S.B. Road, Tiruchirapalli – 620 002 (previous Address) No. 47, Siva Complex, Pondy Bazaar, Chennai – 600 017. [PAN: AAIPR 7802D] v. The Assistant Commissioner of Income Tax, Non Corporate Circle -2(1), No. 121, Aayakar Bhavan, Mahatma Gandhi Road, Nungambakkam, Chennai – 600 034. (अपीलाथᱮ/Appellant) (ᮧ᭜यथᱮ/Respondent) अपीलाथᱮ कᳱ ओर से/Appellant by : None ᮧ᭜यथᱮ कᳱ ओर से/Respondent by : Shri. G. Johnson, Addl. CIT स ु नवाई कȧ तारȣख/Date of Hearing : 10.03.2022 घोषणा कȧ तारȣख/Date of Pronouncement : 16.03.2022 आदेश /O R D E R PER ANIKESH BANERJEE, JUDICIAL MEMBER: The instant appeal was filed by the assessee against the order of the Learned Commissioner of Income Tax (Appeals)-2 / Chennai [in brevity Ld. CIT(A)] bearing order no ITA No. 67/CIT(A)-2/2018-19 dated 30.09.2019. :-2-: ITA. No: 3426/Chny/2019 2. There is a 5 days delay in filing the appeal. The delay of 5 days is condoned in the interests of justice. 3. In brief, the assessment was made by the Ld. Assistant Commissioner of Income Tax, Non Corporate Circle -2, Chennai [in brevity ‘the AO’] u/s. 143(3) of the Income Tax Act, 1961 (in brevity “the Act”). The assessee filed its return under loss amount of Rs. 16,91,958/-. The additions were made amount of Rs. 7,04,955/- related to claim of agricultural income, amount of Rs. 95,22,585/- related to 50% of expenditure claimed on profit and loss and amount of Rs. 345,70,420/- related to unverified sundry creditors. 4. After receiving the order of the Ld. AO, the assessee filed an appeal before the Ld. CIT(A). The Ld. CIT(A) passed the order in exparte and upheld the additions of the Ld. AO. The Ld. CIT(A) allowed 3 dates on the date of 20.09.2019, 29.05.2019 and 22.05.2019, but none appeared before the appeal for hearing the matter. 5. After receiving the order of the Ld. CIT(A), the assessee filed an appeal before this Tribunal. 6. During the hearing, the additions in both the stages are not taken care by the authorities. Specifically, the sundry creditors amount :-3-: ITA. No: 3426/Chny/2019 of Rs. 345,70,420/- is unverified in both the stages, before the assessing authority and appeal authority during the hearing. 7. The Ld. DR relied on the order of the ld CIT(A). He has no objection for setting aside the matter to the Ld CIT(A). 8. Considering the above facts, we feel that the assessee should get one more chance to defend the matter related to the additions before the revenue authority. So, the matter is setting aside before the ld. CIT(A) for further adjudication and to allow appropriate opportunity to assessee for this matter. 9. In the result, the appeal filed by the assessee is allowed for statistical purposes. Order pronounced in the court on 16 th March, 2022 at Chennai. Sd/- (जी. मंजुनाथ) (G. MANJUNATHA) लेखासदèय/Accountant Member Sd/- (अǓनकेश बनजȸ) (ANIKESH BANERJEE) ÛयाǓयकसदèय/Judicial Member चे᳖ई/Chennai, ᳰदनांक/Dated, the 16 th March, 2022 JPV आदेश की Ůितिलिप अŤेिषत/Copy to: 1. अपीलाथŎ/Appellant 2. ŮȑथŎ/Respondent 3. आयकर आयुƅ (अपील)/CIT(A) 4. आयकर आयुƅ/CIT 5. िवभागीय Ůितिनिध/DR 6. गाडŊ फाईल/GF