Devendra P. Shah, Pune V. Deputy ommissioner of Income-tax, Pune

MA 54/PUN/2022

AI Insights

The case revolves around a miscellaneous application filed by the assessee, Devendra P. Shah, under section 254(1) of the Income Tax Act, 1961, seeking to recall a previous order of the Tribunal which had not addressed a specific ground concerning an addition of Rs.2,20,000 for unexplained investment in silver articles. The Tribunal, upon review, recognized the error and decided to recall the earlier order solely to adjudicate on this issue. Both the Authorized Representative for the assessee and the Departmental Representative for the Revenue acknowledged the oversight.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 134139 (ITAT-PUNE)
• Duration Of Justice: 4 year(s) 7 month(s) 5 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-08-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 06-07-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 02-01-2019
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Unexplained investment

Judgement Text

आयकर अपीलीय अिधकरण “ए” Ɋायपीठ पुणेमŐ। IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “A” :: PUNE BEFORE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER Miscellaneous Application No.54/PUN/2022 (Arising out of ITA No.679/PUN/2016) Assessment Year: 2011-12 Devendra P.Shah, F-109, Adinath Society, Pune – 411037. PAN: AHOPS 1104 N Vs The Deputy Commissioner of Income Tax, Pune. Appellant / Assessee Respondent / Revenue Assessee by Shri Suhas P. Bora – AR Revenue by Shri Ramnath P Murkunde – DR Date of hearing 07/07/2023 Date of pronouncement 08/08/2023 आदेश/ ORDER PER DR. DIPAK P. RIPOTE, AM: This assessee’s miscellaneous application filed under section 254(1) of the Income Tax Act, 1961 [in short “the Act”] seeks to recall Tribunal’s order dated 12.10.2018 passed in its main appeal ITA.No.679/PUN/2016. 2. The ld.Authorised Representative(ld.AR), Shri Suhas P.Bora brought to our notice that ITAT had erred in not adjudicating the ground regarding addition of Rs.2,20,000/- on 2 M.A.No.54/PUN/2022 Devendra P. Shah account of unexplained silver. The ld.AR read out the relevant paragraphs of ITAT order. 3. The ld.Departmental Representative(ld.DR) of the Revenue accepted the fact. In these facts and circumstances of the case, it is observed that ITAT erred in not adjudicating the issue of Rs.2,20,000/- unexplained investment in silver articles mentioned in Ground No.1 of the assessee filed in ITA No.679/PUNB/2016 for A.Y.2011-12. Therefore, we recall the order in ITA No.679/PUN/2016 only to the extent of adjudicating the Ground No.1 regarding unexplained investment of Rs.2,20,000/- in silver articles. Accordingly, grounds raised by the assessee are allowed. 4. In the result, Miscellaneous Application raised by the assessee is allowed. Order pronounced in the open Court on 8 th August, 2023. Sd/- Sd/- (PARTHA SARATHI CHAUDHURY) (DR. DIPAK P. RIPOTE) JUDICIAL MEMBER ACCOUNTANT MEMBER पुणे / Pune; ᳰदनांक / Dated : 8 th Aug, 2023/ SGR* 3 M.A.No.54/PUN/2022 Devendra P. Shah आदेशकᳱᮧितिलिपअᮕेिषत / Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant. 2. ᮧ᭜यथᱮ / The Respondent. 3. The CIT(A), concerned. 4. The Pr. CIT, concerned. 5. िवभागीयᮧितिनिध, आयकर अपीलीय अिधकरण, “ए” बᱶच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गाडᭅफ़ाइल / Guard File. आदेशानुसार / BY ORDER, // TRUE COPY // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे/ITAT, Pune.