IKAB SECURITITES AND INVESTMENT NOW KNOWN AS MK VENTURES CAPITAL LTD,MUMBAI vs. ITO-4(1)(1), MUMABI
Before: SHRI NARENDER KUMAR CHOUDHRY & MS. RENU JAUHRIAssessment Year: 2015-16
Per: Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Assessee against the order dated 27.08.2025, impugned herein, passed by the National
Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax
(Appeals) (in short Ld. Commissioner) u/s 250 of the Income Tax
Act, 1961 (in short ‘the Act’) for the A.Y. 2015-16. 2. Perusing the impugned order, it clearly appears that while deciding the appeal filed by the assessee against the order dt. 28/03/2025 u/s 154 of the act by the Assessing
Officer, the Ld. Commissioner has not issued any notice but somehow may be oversight or inadvertently taken in the M/s. Ikab Securities and Investment now known as MK Ventures Capital Limited
2
consideration, the application for stay of demand dt.
26/05/2025 and accordingly disposed of the appeal, without adjudicating the appropriate issues involved in the 1st appeal filed/pending before him. Therefore, this court is inclined to remand the instant case to the file of the Ld.
Commissioner, for decision afresh, suffice to say by provided a reasonable opportunity of being heard to the assessee.
3. Thus, the case is accordingly remanded to the file of Ld. commissioner for decision afresh.
In the result, the Assessee’s appeal is allowed for statistical purposes in the above terms. Order pronounced in the open court on 02.12.2025. (RENU JAUHRI) (NARENDER KUMAR CHOUDHRY) ACCOUNTANT MEMBER JUDICIAL MEMBER * Kishore, Sr. P.S.
Copy to: The Appellant
The Respondent
The CIT, Concerned, Mumbai
The DR Concerned Bench
////
By Order
Dy/Asstt.