Samiappaan Sundaram, Erode V. Ito, Ward -2(1), Erode

ITA 803/CHNY/2023

AI Insights

The case involves an appeal by Shri Samiappan Sundaram against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which confirmed the addition of peak credit of Rs.10.93 Lacs on bank deposits. The addition was initially made by the AO under sections 144 and 147 of the Income Tax Act, due to the assessee's failure to appear during the assessment and appellate proceedings. The Income Tax Appellate Tribunal (ITAT) in Chennai, considering the principles of natural justice, decided to restore the assessment back to the AO for a fresh assessment, providing the assessee another opportunity to present his case.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 134390 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-08-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 27-08-2023
• Assessment Year: 2010-2011
• Appeal Filed On: 09-07-2023
• Laws Referred To: Income Tax Act
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 147; 144

Judgement Text

आयकर अपीलीय अिधकरण “सी” ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, CHENNAI माननीय ी वी. द ु गा राव, ाियक सद एवं माननीय ी मनोज कुमार अ%वाल ,लेखा सद के सम(। BEFORE HON’BLE SHRI V. DURGA RAO, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ ITA No.803/Chny/2023 (िनधा रण वष / As sessment Year: 2010-11) Shri Samiappan Sundaram D.No.1, Old No.20, Odanilai Exchange Veethi, Arachalur, Erode-638 101. बनाम / V s . ITO, Ward-2(1), Erode. था यी ले खा सं. /जी आ इ आ र सं. /P A N / G I R N o . BFXPS- 718 9-P (अपीलाथ /Appellant) : (!"थ / Respondent) अपीलाथ कीओरसे/ Appellant by : Ms. Sree Lakshmi Valli (Advocate)-Ld.AR !"थ कीओरसे/Respondent by : Shri P.Sajit Kumar (JCIT)-Ld.DR सुनवाईकीतारीख/Date of Hearing : 28-08-2023 घोषणाकीतारीख /Date of Pronouncement : 28-08-2023 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 09-06-2023 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 144 r.w.s 147 of the Act on 31-12-2018. The only prayer of Ld. AR is to restore the assessment to the file of Ld. AO since the assessment is on best judgment basis and the assessee failed to appear during appellate proceedings. 2 2. From assessment order, it could be seen that Ld. AO made addition of peak credit of Rs.10.93 Lacs on bank deposit since the assessee failed to make any representation. The ld. CIT(A) confirmed the same on the same ground. Keeping in mind the principle of natural justice, we deem it fit to provide another opportunity of hearing to the assessee. Accordingly, the assessment stand restored back to the file of Ld. AO for de novo assessment with a direction to the assessee to substantiate its case and file the requisite documents forthwith. 3. The appeal stand allowed for statistical purposes. Order pronounced on 28 th August, 2023. Sd/- Sd/- (V. DURGA RAO) (MANOJ KUMAR AGGARWAL) ाियक सद /JUDICIAL MEMBER लेखासद / ACCOUNTANT MEMBER चे4ई Chennai; िदनांक Dated : 28-08-2023 DS आदेशकीVितिलिपअ%ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. !"थ /Respondent 3. आयकरआयु=/CIT 4. िवभागीय!ितिनिध/DR 5. गाडB फाईल/GF