Madhu Jain, New Delhi V. ITO Ward 29(3), New Delhi

ITA 3738/DEL/2023

• Counselvise Citation: [2024] 101 COUNSELVISE.COM (IT) 9075 (ITAT-DELHI)
• Duration Of Justice: 1 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-01-2024
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Next Hearing Date: 18-01-2024
• Assessment Year: 2014-2015
• Appeal Filed On: 19-12-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Additional evidence

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘E’, NEW DELHI Before Shri Kul Bharat, Judicial Member & Dr. B. R. R. Kumar, Accountant Member ITA No. 3738/Del/2023 : Asstt. Year: 2014-15 Smt. Madhu Jain, C-114, Lajpat Nagar, New Delhi 110024 Vs ITO, Ward 29(3), New Delhi (APPELLANT) (RESPONDENT) PAN No. AECPJ 1129 H Assessee by : Sh. Mayank Patawari, Adv. Revenue by : Sh. Kanv Bali, Sr. DR Date of Hearing: 19.01.2024 Date of Pronouncement: 23.01.2024 ORDER Per Dr. B. R. R. Kumar:- The present appeal has been filed by assessee against the order of ld. NFAC/CIT(A), New Delhi dated 18.12.2023. 2. The assessee has raised the following grounds of appeal:- “1. On t h e fac t s and ci rcu m sta n c es of th e ca s e, th e o rd er p a s sed by Ld . C IT (A ) i s b ad b oth in ey es of la w an d on f act s . 2. Th at t h e Ld . C IT( A ) h a s erred in la w a n d on fa ct s in rej ec t in g th e add it i ona l ev id enc e fil ed u nd er ru l e 46A of th e In c om e T ax Ru l es, 1962 . 3. Th at th e Ld . C IT( A) h as erred i n law a nd on f a ct s in n ot g i v en an y f i nd in g on th e meri ts of t h e ca s e. 4. Th at t h e Ld. CI T( A) has erred i n l a w an d on f ac ts b y c on fi rm in g th e a d di t i on s on a c cou n t of s al e p roc eeds of sh a res a m oun t in g t o R s . 13, 07 ,20 0/ ITA No. 3738/Del/2023 Madhu Jain 2 5. Th at t h e Ld. CI T( A) has erred i n l a w an d on f ac ts b y c on fi rm in g th e ad di t i on s on ac c ou nt of Un s ecu red L oan s a m ou nt i n g t o Rs . 45, 00 ,00 0/- . 6. Th at t h e Ld. CI T( A) has erred i n l a w an d on f ac ts b y c on fi rm in g th e add it i on s on acc ou nt of U n exp l ain ed Exp en di tu re am oun ti n g t o Rs. 1, 35,61 ,02 4/- .” 3. Heard the arguments of both the parties and perused the material available on record. 4. We find that, the assessee has not complied before the Assessing Officer as well as before the ld. CIT(A). Such attitude of the assessee is highly undesirable. Further, the assessee has also filed additional evidences. Hence, keeping in view facts, we remand the matter to Assessing Officer to complete the assessment proceeding afresh. Revenue would be at liberty to initiate penalty proceedings as deemed fit, in case of non compliance to the notices issued by the Authorities. 5. In the result, the appeal of the assessee is allowed for statistical purpose. Order Pronounced in the Open Court on 23/01/2024. Sd/- Sd/- (Kul Bharat) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 23/01/2024 *NV, Sr. PS* ITA No. 3738/Del/2023 Madhu Jain 3 Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, DELHI