Global Educational Society , Khammam V. Asst. Commissioner of Income Tax, (Exemptions), Hyderabad

ITA 519/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6030 (ITAT-HYDERABAD)
• Duration Of Justice: 6 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2012-2013
• Appeal Filed On: 23-09-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: N SRIKANTH
• Assessee Lawyers: MRS SANTI PAWAN KUMAR
• Keywords: Unexplained cash credit
• Section: 201; 13; 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD SMC BENCH : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER ITA NO. 519 /HYD./20 20 ASSESSMENT YEAR: 201 2 - 13 M/S GLOBAL EDUCATIONAL SOCIETY VS. ACIT (EXEMPTIONS) KHAMMAM HYDERABAD [PAN: AABTG0533B ] (APPELLANT) (RESPONDENT) FOR ASSESSEE : MRS. SANTI PAWAN KUMAR, AR FOR REVENUE : SHRI N. SRIKANTH, D.R. DATE OF HEARING : 24/03/2021 DATE OF PRONOUNCEMENT : 20 /04/2021 O R D E R THIS ASSESSEES APPEAL FOR A.Y. 201 2 - 13 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS) [CIT(A)] - 9, HYDERABADS ORDER DATED 21.08.2020 PASSED IN CASE NO. 09 / 10241/ 201 9 - 20 IN PROCEEDINGS U/S 14 7 OF THE INCOME TAX ACT, 1961 [IN SHORT THE ACT]. HEARD BOTH THE PARTIE S. CASE FILE PERUSED. 2. COMING TO THE SOLE SUBSTANTIVE ISSUE OF CORRECTNESS OF UNEXPLAINED CASH CREDIT ADDITION MADE IN BOTH LOWER AUTHORITIES PROCEEDINGS TO THE TUNE OF RS.3,04,804/ - , I NOTICE AT THE OUTSET THAT CORRESPONDING CREDITS OF WITHDRAWALS, I N CASE HAS NEITHER BEEN CONSIDERED NOR GRANTED IN THE COURSE OF ASSESSMENT. FACED WITH THIS SITUATION, L EARNED COUNSEL UNDERTAKE S TO EXPLAIN THE SOURCES THEREOF; IF GRANTED A FRESH OPPORTUNITY OF HEARING , BEFORE THE ASSESSING OFFICER. I DEEM IT APPR OPRIATE IN THESE FACTS AND CIRCUMSTANCES, THAT THE A SSESSING O FFICER NEED S TO ADJUDICATE THE INSTANT ISSUE AFRESH. THE ITA NO. 519 /HYD/ 20 20 AY 201 2 - 13 GLOBAL EDUCATIONAL SOCIETY, KHAMMAM . 2 A SSESSEE OR THROUGH ITS AUTHORIZED REPRESENTATIVE SHALL APPEAR BEFORE THE ASSESSING OFFICER ON OR BEFORE 30 TH JULY, 2021 WITH ALL RELEVANT EVIDENCE ( S ) EXPLAINING SOURCE OF CASH DEPOSITS AT ITS OWN RISK AND RESPONSIBILITY WITHIN THREE EFFECTIVE OPPORTUNITIES. ORDERED ACCORDINGLY. THIS ASSESSEES APPEAL STANDS ALLOWED FOR STATISTICAL PURPOSES IN ABOVE TERMS. ORD ER PRONOUNCED IN OPEN COURT ON 20 /0 4 /2021. SD/ - (S.S. GODARA) JUDICIAL MEMBER DATED: 20 TH APRIL, 2021 GMV COPY OF ORDER FORWARDED TO: 1. M/S GLOBAL EDUCATIONAL SOCIETY, 14 - 2 - 3/A, VENKATESWARA COLONY, KHAMMAM 507 123, TELANGANA. 2. ACIT, EXEMPTIONS, HYDERABAD 3. CIT (E ) , HYDERABAD 4. CIT(A) - 9 , HYDERABAD. 5. PR.CIT , HYDERABAD 6 D.R. ITAT HYDERABAD 7. GUARD FILE