Pinac Stock Brokers Pvt. Ltd, Ahmedabad V. The DCIT, Central Circle-1(1), Ahmedabad

MA 84/AHD/2023

• Counselvise Citation: [2023] 101 COUNSELVISE.COM (IT) 9629 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 month(s) 24 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-12-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 26-10-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 13-09-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHRIALPESHPARMAR; WAYOFTHISMISCELLANEOUSAPPLICATIONISSEEKINGTOMODIFY
• Assessee Lawyers: SHRIDEEPAKSHAH

Judgement Text

आयकरअपीलीयअधिकरण , अहमदाबादनयायपीी INTHEINCOMETAXAPPELLATETRIBUNAL, ‘’B’’BENCH,AHMEDABAD BEFORESHRIWASEEMAHMED,ACCOUNTANTMEMBER And SHRITRSENTHILKUMAR,JUDICIALMEMBER MANo.84/Ahd/2023 in आयकरअपीलसं./ITANo.253/AHD/2020 धििाधरणवरध / Asstt.Year:2011-2012 PinacStockBrokersPvt.Ltd., 408,ShyamalComplex, BehindKamdhenu, Ambavadi, Ahmedabad-380015. PAN:AADCP3224D Vs. D.C.I.T, CentralCircle-1(1), Ahmedabad. (Applicant)(Respondent) Assesseeby:ShriDeepakShah,A.R Revenueby:ShriAlpeshParmar,Sr.D.R सुिवाईकीतारीख/DateofHearing:27/10/2023 घोरणाकीतारीख /DateofPronouncement:08/12/2023 आदेश/ORDER PERWASEEMAHMED,ACCOUNTANTMEMBER: TherevenuebywayofthisMiscellaneousApplicationisseekingtomodify theorderpassedbytheITATinITANo.253/Ahd/2022videorderdated 12/07/2023onaccountofamistakeapparentfromtherecordintheorderwithin themeaningoftheprovisionsofsection254(2)oftheAct. M.ANo.84/Ahd/2023 ITAno.253/AHD/2020 Asstt.Year2011-12 2 2.TheassesseeinthemiscellaneousapplicationsubmittedthattheITAThas confirmedtheamountofloanreceivedbytheassesseefromM/sGGFMercantile Pvt.Ltd.amountingtoRs.52,00,000/-only.Theadditionwasconfirmedbythe ITATonthereasoningthattheassesseefailedtofilethenecessarydocumentsto establishthegenuinenessoftheloan.SuchfindingwasgivenbytheITATinits ordervideparagraphnumber28.6onpage21oftheorder.However,the assesseesubmittedthatatthetimeofhearingadditionaldocumentswerefiledin theformofloanconfirmationfromGGFMercantilePvt.Ltd.alongwiththebank statementwhichareplacedonpages777to780ofthepaperbook.Butaccording totheassessee,theITATinadvertentlyhasoverlookedsuchdocumentswith respecttotheloanreceivedfromM/sGGFMercantilePvt.Ltd.andthisfindingof theITATisbasedonwrongassumptionoffacts.Accordingly,theLd.AR requestedtomodifythefindingrecordedbytheITATinitsordervideparagraph number28.6bysettingasidetheissuetothefileoftheAOforfreshadjudication aspertheprovisionoflaw. 3.Onthecontrary,theLd.DRcouldnotcontroverttheargumentadvanced bytheLd.A.Rfortheassessee. 4.Wehaveheardtherivalcontentionsofboththepartiesandperusedthe materialsavailableonrecord.Admittedly,thedocumentsintheformofloan confirmationandbankstatementwereavailableonrecordwhichcanbeverified fromthedetailsavailableonpages777to780ofthepaperbookwhichwerenot consideredforadjudicatingtheappealoftheassessee.Accordingly,weholdthat thefindingsoftheTribunalarebasedonwrongassumptionsoffactwhich amountstoamistakeapparentfromtherecordwithingthemeaningofthe provisionsofsection254(2)oftheAct.Accordingly,wemodifyparanumber28.6 oftheorderoftheITATinthemannerasdiscussedbelow. M.ANo.84/Ahd/2023 ITAno.253/AHD/2020 Asstt.Year2011-12 3 28.6AsregardstheloantakenfromthepartynamelyGGFMercantilePvt. Ltd.,wenotethattheassesseehasfiledtheadditionaldocumentsinthe formofconfirmationandbankstatement.Considerationoftheseadditional documentsattheleveloftheAOisverynecessarytorenderjusticeunder theprovisionoflaw.Accordingly,weadmittheadditionaldocumentsfiled bytheassesseeandrestoretheissuetothefileoftheAOforfresh adjudicationaspertheprovisionoflaw.Hence,thegroundofappealofthe assesseeispartlyallowedforthestatisticalpurposes. 28.7Intheresult,theappealfiledbytheassesseeispartlyallowedfor statisticalpurposes. 4.1Inviewoftheabove,theMiscellaneousApplicationfiledbytheassesseeis allowedinthemannerasdiscussedabove. 5.Intheresult,theMiscellaneousApplicationfiledbytheassesseeisallowed. OrderpronouncedintheCourton08/12/2023atAhmedabad. Sd/-Sd/- (TRSENTHILKUMAR)(WASEEMAHMED) JUDICIALMEMBERACCOUNTANTMEMBER (TrueCopy) Ahmedabad;Dated08/12/2023 Manish