KARPAGAM CHARITY TRUST , COIMBATORE V. ACIT (EXEMPIONS) , COIMBATORE

ITA 607/CHNY/2022

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 3459 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-08-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 19-07-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Depreciation
• Section: 12A

Judgement Text

आयकर अपीलीय अिधकरण ‘बी’ ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI माननीय +ी मनोज कु मार अ/वाल ,लेखा सद4 एवं माननीय +ी संजय शमा8, ाियक सद4 के सम9। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM AND HON’BLE SHRI SONJOY SARMA, JUDICIAL MEMBER आयकर अपील सं./ ITA No.607/Chny/2022 (िनधा8रण वष8 / Assessment Year: 2014-15) Karpagam Charity Trust. 14-A, LIC Colony, Kuruchi, Coimbatore – 641 021. बनाम/ V s. ACIT(Exemptions), Coimbatore. थायी लेखा सं./जीआइ आर सं./P AN /GI R No . AAAT K -3 4 8 4 - C (अपीलाथ /Appellant) : ( थ / Respondent) अपीलाथ की ओरसे/ Appellant by : Shri N.V. Narayanan (Advocate)-Ld. AR थ की ओरसे/Respondent by : Ms. M.S. Deeeptha (JCIT) –Ld. DR सुनवाई की तारीख/Date of Hearing : 25-08-2022 घोषणा की तारीख /Date of Pronouncement : 25-08-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2014-15 arises out of the order of learned Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 28-04- 2022 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s.143(3) of the Act on 29-11-2016. 2. The assessee is a registered trust u/s 12A since 18.08.1994. In the assessment order, the depreciation claimed by the assessee for Rs.1409.05 Lacs was disallowed in terms of decision of Hon’ble Kerala ITA No.607/Chny/2022 - 2 - High Court rendered in M/s Lissie Medical Institutions V/s CIT (76 DTR 372). The assessee preferred further appeal before Ld. CIT(A) which was disposed-off vide order dated 13.02.2018. The effect of this order was given by Ld. AO vide order dated 23.03.2018 wherein the depreciation was allowed to the extent of Rs.700.78 Lacs. Still aggrieved, the assessee preferred further appeal against the same which was disposed-off vide order dated 28.04.2022. Pursuant to hearing notices, the assessee inadvertently submitted that the appeal was already disposed-off on 13.02.2018 and accordingly, the second appeal was dismissed without considering the merits of the case as per the submissions made by the assessee. Aggrieved, the assessee is in further appeal before us. 3. The Ld. AR pleaded to restore the appeal to the file of Ld. CIT(A) for adjudication on merits. The Ld. Sr. DR submitted that the appeal has been disposed-off as per the submissions made by the assessee. It appears that the appeal has been dismissed due to inadvertent submissions made by the assessee. Keeping in mind the principle of natural justice, we restore the appeal back to the file of Ld. CIT(A) for adjudication on merits. The assessee is directed to substantiate its case. 4. The appeal stand allowed for statistical purposes. Order pronounced on 25 th August, 2022. Sd/- (SONJOY SARMA) ाियक सद4 /JUDICIAL MEMBER Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद4 / ACCOUNTANT MEMBER चे*ई / Chennai; िदनांक / Dated : 25-08-2022 EDN/- ITA No.607/Chny/2022 - 3 - आदेश की Sितिलिप अ /ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. यथ /Respondent 3. आयकर आयु (अपील)/CIT(A) 4. आयकर आयु /CIT 5. िवभागीय ितिनिध/DR 6. गाड फाईल/GF