RASHMEEN R WANI, MUMBAI V. INCOME TAX OFFICER 15(1)(4), MUMBAI

ITA 4903/MUM/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8358 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 8 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2004-2005
• Appeal Filed On: 20-08-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Opportunity of being heard

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH, MUMBAI BEFORE SHRI SHAMIM YAHYA , AM / I .T.A. NO. 4903 / MUM/ 20 1 8 ( / ASSESSMENT YEAR: 2004 - 05 ) RASHMEEN R. WANI 12/847 ABHUDAY NAGAR, G. D. AMBEDKAR MARG , KALA CHOWKI, M UMBAI - 400033 . / VS. ITO 15(1)(4) ROOM NO.621, PIRAMAL CHABERS, LALBAUG, PAREL, MUMBAI - 400012. ./ ./ PAN/GIR NO. : AAQPW 0994 F ( / APPELLANT ) .. ( / RESPONDENT ) / DATE OF HEARING : 1 9 / 0 2/ 20 20 / DATE OF PRONOUNCEMENT : 20 / 0 4 / 2020 / O R D E R PER SHAMIM YAHYA, AM: THIS IS AN APPEAL BY THE ASSE SSEE AGAINST THE ORDER OF LEARNED CIT - A DATED 29.05.2018 PERTAINING TO ASSESSMENT YEAR 2004 - 05 WHEREIN LEARNED CIT - A HAS DISMISSED THE APPEAL FOR NON - PROSECUTION AND THEREBY CONFIRMED THE ADDITION OF RS.3,91,037/ - AS UNDISCLOSED INCOME ON SHARE TRANSACTION WH ICH INCLUDED SHARES OF INFOSYS T ECHNOLOGIES AND TVS ELECTRONICS. 2. UPON HEARING LD. DR AND PERUSED THE RECORDS , I FIND THAT IT IS INCUMBENT UPON THE LEARNED CIT - A TO PASS AN ORDER ON THE MERI TS OF THE CASE AND NOT DISMISS THE APPEAL FOR NON - PROSECUTI ON. 3. FOR THIS PROPOSITION I PLACE RELIANCE UPON FOLLOWING CASE LAWS. ASSESSEE BY : NONE REVENUE BY: SHRI CHAITANYA ANJARIA ITA. NO.4903 /M/2018 A.Y. 20 04 - 05 2 1. CIT VS PREMKUMAR ARJUNDAS LUTHRA (HUF) (2017) 154 DTR (BOM)302 2. CIT VS S CHENNIAPPA MUDALIAR(1969)74 ITR 1(SC) 4. ACCORDINGLY, IN THE INTEREST OF JUSTICE I REMIT THE ISSUE RAISED I N THE APPEAL TO TO THE FILE OF THE LEARNED CIT ( A ) . LEARNED CIT - A IS DIRECTED TO CONSIDER THE ISSUE AFRESH AND PASS AN ORDER ON THE MERITS OF THE CASE AFTER GIVING THE ASSESSEE PROPER OPPORTUNITY OF BEING HEARD. IN THE RESULT THIS APPEAL BY THE ASSESSEE STANDS ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON 20 /04 /2020 SD/ - ( SHAMIM YAHYA ) / ACCOUNTANT MEMBER MUMBAI; DATED : 20 / 04 / 2020 VIJAY PAL SINGH /SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 4. / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE. / BY ORDER, //TRUE COPY// / / (DY./ASSTT. REG ISTRAR) , / ITAT, MUMBAI