K G VORA SECURITIES LTD, MUMBAI V. DCIT, CIRCLE 4(3)(1), MUMBAI

ITA 891/MUM/2024

• Counselvise Citation: [2024] 101 COUNSELVISE.COM (IT) 5896 (ITAT-MUMBAI)
• Duration Of Justice: 4 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-07-2024
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: SMC
• Next Hearing Date: 03-07-2024
• Assessment Year: 2012-2013
• Appeal Filed On: 26-02-2024
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: HIMANSHU SHARMA
• Assessee Lawyers: K. GOPAL AW NEHA PARANJPE

Judgement Text

| आयकर अपीलीय अिधकरण यपी , मुंबई | IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI NARENDRA KUMAR BILLAIYA, HON’BLE ACCOUNTANT MEMBER & SHRI RAHUL CHAUDHARY, HON’BLE JUDICIAL MEMBER I.T.A. No. 891/Mum/2024 Assessment Year: 2012-13 K.G. VORA SECURITIES LTD. B-Ground Floor Khatau Building Alkesh Dinesh Mody Road Fort Mumbai - 400023 [PAN: AABCK1732D] Vs Deputy Commissioner of Income Tax (DCIT), Circle - 4(3)(1), Mumbai अपील / (Appellant) य / (Respondent) Assessee by : Shri K. Gopal a/w Ms. Neha Paranjpe, A/R Revenue by : Shri Himanshu Sharma, CIT, D/R सुनवाई की तारीख/Date of Hearing : 04/07/2024 घोषणा की तारीख /Date of Pronouncement: 09/07/2024 आदेश/ O R D E R PER NARENDRA KUMAR BILLAIYA, AM: This appeal by the assessee is preferred against the order dt. 29/12/2023 by NFAC, Delhi pertaining to Assessment Year 2012-13. 2. The sum and substance of the grievance of the assessee is that both the lower authorities have decided the issues ex-parte. 3. Having heard rival submissions, we have carefully perused the orders of the authorities below. When the Bench pointed out that both the AO and the ld. CIT(A) have given sufficient opportunity then how it can be said that no proper opportunity was given, to which the ld. Counsel for the assessee replied that at the assessment stage, Shri K G Vora, expired and the new committee did not respond to the I.T.A. No. 891/Mum/2024 Assessment Year: 2012-13 K.G. VORA SECURITIES LTD . 2 assessment proceedings and at the appellate stage, the Chartered Accountant representing the assessee expired and the appellate proceedings also went unattended. 4. Considering the above facts, we are of the considered view that no prejudice will be cause to the revenue if one more opportunity is given to the assessee. Therefore, in the interest of justice and fairplay, we deem it fit to restore the entire issues to the file of the AO. The AO is directed to decide the issue afresh after affording reasonable and adequate opportunity to the assessee and the assessee directed to take this opportunity to present its case properly. 5. In the result, appeal of the assessee is allowed for statistical purposes. Order pronounced in the Court on 9 th July, 2024 at Mumbai. Sd/- Sd/- (RAHUL CHAUDHARY) (NARENDRA KUMAR BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER Kolkata, Dated 09/07/2024 *SC SrPs *SC SrPs*SC SrPs *SC SrPs I.T.A. No. 891/Mum/2024 Assessment Year: 2012-13 K.G. VORA SECURITIES LTD . 3 आदेश की े /Copy of the Order forwarded to : 1. ी / The Appellant 2. / The Respondent 3. संबं ध आयकर आय ! / Concerned Pr. CIT 4. आयकर आय !) ी (/ The CIT(A)- 5. वभ गीय ध ,आयकर अपीलीय अिधकरण, मुंबई /DR,ITAT, Mumbai, 6. # $% फ ई/ Guard file. आदेश नुस र/ BY ORDER, TRUE COPY Assistant Registrar आयकर अपीलीय अिधकरण ITAT, Mumbai