MR. R. SAKTHIKUMAR, NAMAKKAL V. ITO, WARD-2, NAMAKKAL

ITA 550/CHNY/2022

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 5040 (ITAT-CHENNAI)
• Duration Of Justice: 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 29-06-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अिधकरण ‘सी’ Ɋायपीठ चेɄई मŐ। IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI माननीय ŵी महावीर िसंह, उपाȯƗ एवं माननीय ŵी मनोज कु मार अŤवाल ,लेखा सद˟ के समƗ। BEFORE HON’BLE SHRI MAHAVIR SINGH, VICE PRESIDENT AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No.550/Chny/2022 (िनधाŊरण वषŊ / Assessment Year: 2010-11) Shri R. Sakthi Kumar 6/165, Postal Colony, Bodhupatti Namakkal – 637 003 बनाम/ Vs. ITO, Ward 2 Namakkal – 637 001 ̾थायी लेखा सं./जीआइ आर सं./PAN/GIR No. BKLPS-1469-M (अपीलाथŎ/Appellant) : (ŮȑथŎ / Respondent) अपीलाथŎ की ओरसे/ Appellant by : Shri T.S.Lakshmi Venkataraman (FCA)-Ld. AR ŮȑथŎ की ओरसे/Respondent by : Shri P. Sajit Kumar (JCIT)-Ld. Sr. DR सुनवाई की तारीख/Date of Hearing : 21-07-2022 घोषणा की तारीख /Date of Pronouncement : 21-07-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2010-11 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 31.03.2022 in the matter of an assessment framed by Ld. AO u/s 144 r.w.s. 147 of the Act on 26.12.2018. The registry has noted a delay of 31 days in the appeal, the condonation of which has been sought by Ld. AR. Considering the period of delay, we condone the delay and admit the appeal for adjudication on merits. - 2 - 2. The sole grievance of the assessee is addition of Rs.11.05 Lacs u/s 69A. The Ld. AR pleaded for another opportunity of hearing before lower authorities which has been vehemently opposed by Ld. Sr. DR. 3. Upon perusal of assessment order, it could be seen that the assessee made cash deposit of Rs.11 Lacs in savings account maintained with HDFC Bank. However, the assessee did not file any return of income. Accordingly, the case was reopened and the assessee was required to explain the source of the deposits. Since the assessee failed to file any explanation, the amount of Rs.11.05 Lacs was added to the income of the assessee. The same was the situation before Ld. CIT(A) which led to dismissal of appeal. Aggrieved, the assessee is in further appeal before us. 4. Though we concur with the submissions of Ld. Sr. DR that the assessee has remained negligent before lower authorities, however, keeping in view the principle of natural justice, we set-aside the impugned order and remit the matter back to the file of Ld. AO for denovo adjudication with a direction to the assessee to substantiate its stand. 5. The appeal stand allowed for statistical purposes. Order pronounced on 21 st July, 2022. Sd/- (MAHAVIR SINGH) उपाȯƗ /VICE PRESIDENT Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद˟ / ACCOUNTANT MEMBER चेɄई / Chennai; िदनांक / Dated : 21-07-2022 EDN/- आदेश की Ůितिलिप अŤेिषत/Copy of the Order forwarded to : 1. अपीलाथᱮ/Appellant 2. ᮧ᭜यथᱮ/Respondent 3. आयकर आयुᲦ (अपील)/CIT(A) 4. आयकर आयुᲦ/CIT 5. िवभागीय ᮧितिनिध/DR 6. गाडᭅ फाईल/GF