THE COMMISSIONER OF INCOME T vs. SHRI MUKESH KUMR JAIN

Tax Case Appeal No.268 of 2020 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 22.08.2022 CORAM : THE HON'BLE MR. JUSTICE R. MAHADEVAN AND THE HON'BLE MR. JUSTICE MOHAMMED SHAFFIQ Tax Case Appeal No.268 of 2020 The Commissioner of Income Tax, Chennai ... Appellant Vs. Shri Mukesh Kumar Jain No.38, Ekambareswar Agraharam Street, 1st Floor, Chennai 600 003. PAN: AHMPM2972Q

... Respondent Tax Case Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Madras “C- SMC” Bench, Chennai, passed in I.T.A.No.2973/Chny/2018, dated 04.07.2019 for the assessment year 2013-14. For Appellant : Mr.T.Ravikumar Standing Counsel For Respondent : No appearance Page 1/5 https://www.mhc.tn.gov.in/judis Tax Case Appeal No.268 of 2020 J U D G M E N T (Judgment was delivered by R. MAHADEVAN,J.) This Tax Case Appeal has been filed by the appellant / Revenue challenging the order dated 04.07.2019 passed by the Income Tax Appellate Tribunal, Madras “C-SMC” Bench, Chennai, ('the Tribunal', for brevity) in I.T.A.No.2973/Chny/2018 for the assessment year 2013-14. 2. On 07.09.2020, this Tax Case Appeal was admitted by this Court on the following substantial questions of law : "1. Whether on the facts and in the circumstances of the case, the Tribunal was right in setting aside the well reasoned order passed by the Assessing Officer for re-examination, especially when the assessing officer had duly examined all the material placed while passing the assessment order? 2. Whether on the facts and in the circumstances of the case, the Tribunal was right in remitting the issue back to the file of the assessing officer by quoting the decision in the case of kanhaiyal and Sons (HUF) in ITA No.1849/Chny/2014 Sunil Kumar Lalwani and that Aashesh Kumar Lalwani wherein the onus has been shifted to the revenue with a direction that the Page 2/5 https://www.mhc.tn.gov.in/judis Tax Case Appeal No.268 of 2020 assessing officer is to bring on record the role of the assessee in promoting the Company and the relation of the assessee if any with that of the promoters and role of inflating of prices etc. which exercise had already been done by the AO and the SEBI? 3. Is not the finding of the Tribunal perverse especially when the decision of the Tribunal is contrary to the time tested principal that the person who asserts a fact has to discharge the initial burden cast upon him to show that the said facts are true and only thereafter the burden would shift to the department?” 3.When the matter was taken up for consideration, the learned counsel appearing for the appellant / Revenue submitted that during the pendency of this tax case appeal, the assessee has availed the benefit conferred under the Direct Tax Vivad Se Vishwas Act, 2020 and filed necessary declarations, which were accepted and Form 5 / order for full and final settlement of tax arrears, was also issued by the Income tax department, on 20.04.2021. 4.In view of the subsequent development, this court is of the opinion that nothing survives for adjudication in this appeal. Recording the Page 3/5 https://www.mhc.tn.gov.in/judis Tax Case Appeal No.268 of 2020 submission so made by the learned counsel for the appellant/Revenue, the Tax Case Appeal stands disposed of. No costs. [R.M.D.,J.] [M.S.Q.,J.] 22.08.2022

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Index : Yes / No To 1. Income Tax Appellate Tribunal, Madras “C-SMC” Bench, Chennai. 2.The Assistant Commissioner of Income Tax, Non Corporate Circle-5, Chennai.

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