S.Udayashankar, Chengalpattu V. Acit ncc 22(1) tbm chennai, Chennai

ITA 826/CHNY/2023

AI Insights

The case involves an appeal by Shri S. Udayashankar against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which dismissed the initial appeal due to the assessee's failure to make any representation. The original assessment was made by the Assessing Officer under section 143(3) of the Income Tax Act, estimating a profit of 1% on sales for the Assessment Year 2015-16. The tribunal found that the CIT(A) had not considered the remand report in the dismissal of the appeal and thus restored the case for a fresh decision on merits.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 134397 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 10 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: 2015-2016
• Appeal Filed On: 17-07-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

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.826/Chny/2023 (िनधा रण वष / As sessment Year: 2015-16) Shri S. Udayashankar 25, Melrosapuram Road, Singaperumal Koil, Chengalpattu-603 204. बनाम / V s. ACIT Non-Corporate Circle-22(1) Tambaram, Chennai. थायीलेखासं./जीआइआरसं./PAN/GIR No. AAAPU-7943-C (अपीलाथ /Appellant) : (!"थ / Respondent) अपीलाथ कीओरसे/ Appellant by : Shri J. Prabhakar (FCA)-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) 2015-16 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 13-06-2023 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 16-12-2017. In the assessment order, Ld. AO estimated profit of 1% on sales. The Ld. CIT(A) dismissed the appeal since the assessee failed to make any representation. Aggrieved, the assessee is in further appeal before us. 2 2. The only prayer made by Ld. AR is that impugned order has not considered the remand report and therefore, a prayer has been made to us to restore the appeal back to the file of Ld. CIT(A) for adjudication on merits. 3. Accepting the same, the appeal is restored back to the file of Ld. CIT(A) for fresh adjudication by speaking order with a direction to the assessee to substantiate its case and file requisite documents forthwith. 4. The appeal stands 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 आदेशकीZितिलिपअ%ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. !"थ /Respondent 3. आयकरआयु=/CIT 4. िवभागीय!ितिनिध/DR 5. गाडB फाईल/GF