SHIV MANI TRIPATHI,ALLAHABAD vs. ITO WARD-III(4), MIRZAPUR
What did the Tribunal hold?
The Tribunal admitted the additional evidence, finding the assessee was prevented by sufficient cause. Both issues, accrued KVP interest and the bank deposit, were remitted back to the Assessing Officer for fresh decision.
What were the facts?
The assessee appealed against additions made by the authorities below regarding accrued interest on KVP and a bank deposit. The assessee sought to admit additional evidence, including bank clarification and KVP withdrawal certificate, which was not available earlier.
What were the issues?
Whether the addition of accrued KVP interest and the bank deposit was justified, and if additional evidence should be admitted.
Which sections of the Income-tax Act were involved?
Not explicitly mentioned
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ALLAHABAD BENCH, ALLAHABAD
Before: SHRI. A. D. JAIN & SHRI T. S. KAPOOR
PER A. D. JAIN, V.P.: This is assessee’s appeal against the order of the ld. CIT(A), Allahabad, dated 21/9/2017 for assessment year 2011- 12, taking the following grounds: 1. Because on the facts and circumstances of the case, the Authority below was not justified in adding Rs.4,68,902/- as accrued interest of KVP. 2. Because the Authorities below was not justified in adding Rs.5,50,000/- deposited in. bank, the source of which is crystal clear. 3. Because the order passed by the Authority below is unjust and without providing proper opportunity to explain the Interest details and source of deposit in bank. 4. Because the order passed by the Authorities below are unjust and arbitrary and against principles of natural justice.
ITA No.312/ALLD/2017 Page 2 of 3
Apropos ground No.2, the ld. Counsel for the assessee has filed an application for admission of additional evidence, seeking to place on record the clarification from the State Bank of India to the effect that the certificate regarding the difference of date of deposit in the State Bank of India on 17/1/2011, after withdrawing the amount of Rs.5.50 lakhs from the Punjab National Bank on 18/1/2011, in which certificate, the bank certifies that the difference was due to shadow balance. The assessee also wants to place on record the KVP premature withdrawal certificate from the Post Office. It has been submitted, in the statement of facts filed before us, as well as by way of the averments made by the ld. Counsel for the assessee before us, that this evidence could not be filed before the Assessing Officer, since the relevant bank record was not available with the assessee at the relevant time. It has been further submitted that an application for additional evidence had been submitted before the ld. CIT(A) on 21/9/2017 and the order of the ld. CIT(A), which is the impugned order in the present appeal, was also passed on that very date, i.e., 21/9/2017. 3. We find the averment of the assessee, as above, to be justified. The assessee, no doubt, was prevented by sufficient cause from placing on record the aforesaid additional evidence before either of the authorities below. Therefore, in the interest of justice, we deem it appropriate to admit this additional evidence and remit this issue to the file of the Assessing Officer to be decided afresh in accordance with law, on affording due and adequate opportunity to the assessee. The assessee, no doubt, shall co-operate in the fresh proceedings before the Assessing Officer. All pleas available under the law shall remain so available to the assessee.
ITA No.312/ALLD/2017 Page 3 of 3
By way of ground No.1, the assessee contends that the authorities below have erred in adding and sustaining the addition of Rs.4,68,902/-, as accrued interest of KVP. Since the other issue pertaining to the addition of Rs.5.50 lakhs, deposited by the assessee in his bank account, has been remanded to the file of the Assessing Officer, as above, the present issue is also remitted to his file, for decision afresh in accordance with law, as per the aforesaid directions. Ordered accordingly. 5. In the result, for statistical purposes, the appeal is treated as allowed. Order pronounced in the open Court on 21/11/2019.
Sd/- Sd/- [T. S. KAPOOR] [A. D. JAIN] ACCOUNTANT MEMBER VICE PRESIDENT
DATED:21/11/2019 JJ:2011
Recent GST High Court judgments
Search GST case law →- Sureshchandra Moolchand Shah vs. State Of GujaratGujarat · 27 Oct 2026
- M/S Larsen And Toubro Limited vs. Joint Commissioner Of Central GST And Anr.Delhi · 27 Oct 2026
- T C Global INDIA Private Limited vs. Principal Commissioner Of Central GST, North DelhiDelhi · 27 Oct 2026
- Kamlasana Impex Private Limited vs. Director General Of GST Intelligence (Hq) Delhi) & Anr.Delhi · 27 Oct 2026
- Ritu Gautam Proprietor Of Ms Heritage International vs. Additional Commissioner Central Goods And Services Tax Appeals Ii Delhi & Anr.Delhi · 27 Oct 2026