Avighna Realcon Private Limited, Kolkata V. ITO, Ward - 4(3), Kolkata, Kolkata

ITA 653/KOL/2018

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 4815 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 4 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-08-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 09-04-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ROBIN CHOUDHUR Y
• Keywords: Unexplained cash credit

Judgement Text

, B , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH B KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 653 / KOL / 2018 ASSESSMENT YEAR :2013-14 AVIGHNA REALCON PVT. LTD. C/O SUBAHS AGARWAL & ASSOCIATES SIDDHA GIBSON, 1, GIBSON LANE, 2 ND FLOOR, SUITE-213, KOKATA-700 069 [ PAN NO.AAJCA 8091 R ] V/S . INCOME TAX OFFICER WARD-4(3), AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-69 /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI SUBASH AGARWAL, ADVOCATE /BY RESPONDENT SHRI ROBIN CHOUDHURY, CIT-DR /DATE OF HEARING 22-07-2019 /DATE OF PRONOUNCEMENT 09-08-2019 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2013-14 ARISES AGAINST COMMISSIONER OF INCOME TAX (APPEALS)-7 KOLKATAS OR DER DATED 28.02.2018, INVOLVING PROCEEDINGS U/S 144(1) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. CASE FILE SUGGESTS AT THE OUTSET THAT THE CIT(A) AS WELL AS THE ASSESSING OFFICER HAVE PASSED THEIR RESPECTIVE ORDE R EX PARTE AGAINST THE ASSESSEE WHILST TREATING ITS SHARE CAPITAL INCLUDIN G SHARE PREMIUM AMOUNTING ITA NO.653/KOL/2018 A.Y. 2013-14 AVIGHNA REALCON PVT. LTD. VS. ITO WD-4(3), K OL. PAGE 2 TO 1,80,00,000/- A BOGUS IN THE NATURE OF UNEXPLAINED CASH CREDITS. WE FIND FROM PERUSAL OF THE CIT(A)S ORDER IN PARA-4 PAGE 3 THAT THE RELEVANT NOTICE OF HEARING STOOD RETURNED BACK UN-SERVED IN THE LOWER APPELLATE PROCEEDINGS. THE ASSESSEE HAS FILED INSTANT APPEAL AGGRIEVED AGA INST THE SAID ORDER FOR THIS PRECISE REASON ALONE IN ITS FIRST SUBSTANTIVE GROUN D. THE CIT(A) HAS NOT DEALT WITH MERITS OF THE ISSUE. WE THEREFORE DEEM IT APPR OPRIATE TO RESTORE THE INSTANT LIS BACK TO THE CIT(A) FOR APPROPRIATE ADJUDICATION ON MERITS WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. THE ASSES SEE IS DIRECTED TO APPEAR BEFORE THE CIT(A) ON OR BEFORE 11 TH NOVEMBER, 2019 WITH A COPY OF THE INSTANT ORDER FOR FURTHER CONSEQUENTIAL PROCEEDINGS FAILING WHICH OUR INSTANT DIRECTION WOULD STAND VACATED. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 09/ 08/2019 SD/- SD/- ( %) (' %) ( A.L.SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP (- 09 / 08 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-AVIGHNA REALCON PVT. LTD. C/O SUBASH AGA RWAL & ASSOCIATES SIDDHA GIBSON, 1, GIBSON LANE, 2 ND FLOOR, SUITE-213, KOLKATA-69 2. /RESPONDENT-ITO, WD-4(3), AAYAKAR BHAWAN, P-7, CHOW RINGHEE SQ. KOLKATA-69 3. 3 4 / CONCERNED CIT KOLKATA 4. 4- / CIT (A) KOLKATA 5. 7 ''3, 3, / DR, ITAT, KOLKATA 6. < / GUARD FILE. BY ORDER/ , /TRUE COPY/ 3,