JADOPUR SHUKUL PRATHMIK KRISHI SAKH SOCIETY LTD,GOPALGANJ V. ITO, SIWAN, SIWAN

ITA 452/PAT/2024

AI Insights

The case involves Jadopur Shukul Prathmik Krishi Sakh Society Ltd., the appellant, contesting an order from the Commissioner of Income Tax (Appeals) regarding the addition of Rs. 1,39,52,822 to their income under section 69A of the Income Tax Act, 1961, due to cash deposits during the demonetization period. The Tribunal noted that the assessee was not given an opportunity to submit a list of depositors, which was a crucial oversight. Both the lower authorities and the Tribunal acknowledged the procedural lapses in handling the assessee's documents and evidence. Consequently, the Tribunal decided to set aside the CIT(A)'s order and remand the case back to the Assessing Officer for a fresh examination.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 471230 (ITAT-PATNA)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-01-2025
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: DB
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Keywords: Condonation of delay; Set aside
• Section: 250; 69A

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL PATNA BENCH, VIRTUAL HEARING AT KOLKATA Before SRI SANJAY GARG, JUDICIAL MEMBER & SHRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 452/PAT/2024 Assessment Year: 2017-18 Jadopur Shukul Prathmik Krishi Sakh Society Ltd. … Appellant At & PO- Jadopur Sukul, Gopalganj, Bihar-841428 Vs. ITO, Siwan ... Respondent Appearances: Appellant represented by: Shri Alok Kumar, Advocate Respondent represented by: Shri Ashwani Kr. Singal, JCIT Date of concluding the hearing : 16.01.2025 Date of pronouncing the order : 27.01.2025 ORDER Per Sanjay Garg, Judicial Member: The captioned appeal has been preferred by the assessee against the order dated 31.10.2023 of the Ld. Commissioner of Income Tax (Appeal), National Faceless Appeal Centre, Delhi [hereinafter referred to as Ld. ‘CIT(A)’] u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as the “Act”) for Assessment Year (AY) 2017-18. 2. The appeal of the assessee is time barred by 171 days. A separate application for condonation of delay along with an affidavit has been filed. Considering the averments made in the said application, we condone the delay in filing this appeal and the same is taken up for hearing. 3. The assessee is aggrieved by the action of the lower authorities in making/confirming the addition of Rs. 1,39,52,822/- u/s. 69A of the Act on account of cash deposits in the bank account during demonetization period. I.T.A. No.: 452/PAT/2024 Jadopur Shukul Prathmik Krishi Sakh Society Ltd., AY : 2017-18 Page 2 of 3 3. At the outset, the Ld. Counsel for the assessee inviting our attention to the impugned order of the Ld. CIT(A) to submit that the Ld. CIT(A) has mentioned that the assessee has not provided the list of the depositors. The assessee has duly pleaded in the grounds of appeal that the Ld. CIT(A) has erred in dismissing the appeal without providing any opportunity to submit list of depositors. The assessee has also pleaded at the time of hearing that the Assessing Officer has also erred in not considering properly the documents and evidences placed before him at the time of assessment proceedings. It has been pleaded that the assessee has a fair case on merits and that the assessee may be given an opportunity to bring the true and correct factual position before the lower authorities. 4. The Ld. DR, on the other hand, relied on the orders of the lower authorities. 5. Considering the aforesaid submissions of the Ld. AR of the assessee and in the interests of justice, in our view, the assessee should be given an opportunity to present his case before the Assessing Officer. In view of this, the impugned order of the Ld. CIT(A) is set aside. The matter is restored to the file of the Assessing Officer for de novo adjudication on this issue. Needless to say that Assessing Officer will give proper opportunity to the assessee to present it’s case. 6. In the result, the appeal of the assessee is treated as allowed for statistical purposes. Order pronounced in the open Court on 27th January, 2025. Sd/- Sd/- [Sanjay Awasthi] [Sanjay Garg] Accountant Member Judicial Member Dated: 27.01.2025 J.Dey (Sr. P.S.) I.T.A. No.: 452/PAT/2024 Jadopur Shukul Prathmik Krishi Sakh Society Ltd., AY : 2017-18 Page 3 of 3 Copy of the order forwarded to: 1. Appellant : Jadopur Shukul Prathmik Krishi Sakh Society Ltd 2. Respondent : ITO, Siwan 3. CIT(A), NFAC, Delhi 4. CIT 5. DR), ITAT, Patna Bench, Patna. 6. Guard File. //True copy // By order Assistant Registrar ITAT, Patna Benches Patna "