Binod Kumar Singh Construction Pvt. Ltd, Jamshedpur V. ACIT,Cirle-1, Jamshedpur

ITA 79/RAN/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 2493 (ITAT-RANCHI)
• Duration Of Justice: 1 year(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-03-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2015-2016
• Appeal Filed On: 25-02-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RANCHI BENCH SMC RANCHI BEFORE SHRI S.S, GODARA, JUDICIAL MEMBER ITA NO.79/RAN/2019 ASSESSMENT YEAR:2015-16 BINOD KUMAR SINGH CONSTRUCTION PVT. LTD, H. NO. 35, NEW BARADWARI,SAKCHI, JAMSHEDPUR-831001 [ PAN NO.AACCB 6001 F ] / V/S . ACIT / DCIT, CIRCLE-1, JAMSHEDPUR /APPELLANT .. /RESPONDENT /BY APPELLANT SHRI K.N.PRASAD, ADVOCATE /BY RESPONDENT SHRI AJAY KUMAR ADDL.CIT-DR /DATE OF HEARING 04-03-2020 /DATE OF PRONOUNCEMENT 04-03-2020 /O R D E R (ORAL) THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2015-16 , ARISES AGAINST THE COMMISSIONER OF INCOME-TAX (APPEALS)-JAMSHEDPURS O RDER DATED 16.11.2018 PASSED IN CASE NO.CIT(A), 593/JSR/2017-18, INVOLVING PROC EEDINGS U/S. 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT TRANSPIRES AT THE OUTSET DURING THE COURSE O F HEARING THAT THE CIT(A) HAS PASSED HIS LOWER APPELLATE ORDER EX PARTE WITHOUT DISCUSSING MERITS OF THE ISSUES VIS- -VIS THE CORRESPONDING FACTUAL MATRIX U/S. 250(6)O F THE ACT WHICH UPHOLDING ASSESSING OFFICERS ACTION ADDING NET PROFIT @ 8% O N TOTAL TURNOVER / REVENUE RECEIPTS I.E. SALES OF FLATS AND CIVIL JOB WORK AMOUNT IN IS SUE OF RS.3,77,01,461/-. I THEREFORE ITA NO.79/RAN/2019 A.Y 2015-16 BINOD KR. SINGH CONSTRUCTION PVT. LTD. VS . ACIT/DCIT CIR-1JSR PAGE 2 DEEM IT APPROPRIATE TO RESTORE THE ISSUE BACK TO CI T(A) FOR AFRESH ADJUDICATION AS PER LAW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING TO THE ASSESSEE. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT AT THE CLOSE OF HE ARING ON WEDNESDAY , 4 TH MARCH, 2020 S D/- ( #) (S.S. GODARA) JUDICIAL MEM BER *DKP/SR.PS % - 04/03/2020 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-BINOD KUMAR SINGH CONSTRUCTION PVT. LTD. H. NO. 35, NEW BARADWARI, SAK CHI, JAMSHEDPUR-831001 2. /RESPONDENT-ACIT/DCIT,CIRCLE-1 LUBI .CIRCLE. ROAD D HANBAD-826001 3. ) , / CONCERNED CIT 4. , - / CIT (A) 5. - ) , ) / DR, ITAT, RANCHI 6. 1 / GUARD FILE. BY ORDER/ , /TRUE COPY/ SR. PRIVATE SECRETARY/P.S (ON TOUR) ),