VICKY JAIKISHAN BANSAL,PIMPARI CHINCHWAD vs. IT OFFICER, AKURDI

IN THE INCOME TAX APPELLATE TRIBUNAL
PUNE BENCH “SMC”, PUNE

BEFORE SHRI MANISH BORAD, ACCOUNTANT MEMBER
AND SHRI VINAY BHAMORE, JUDICIAL MEMBER

आयकर अपील सं. / ITA No.1862/PUN/2024
िनधाᭅरण वषᭅ / Assessment Year : 2017-18

Vicky Jaikishan Bansal,
D24, Indraprastha Housing
Society, Dehu Road,
Pune- 412201. PAN : AMQPB4511P
Vs. ITO, Ward-9(1), Pune.
Appellant

Respondent

आदेश / ORDER

PER MANISH BORAD, AM:

This appeal filed at the instance of assessee is directed against the order of Ld. Addl/JCIT(A)-3, Bengaluru [Ld. CIT(A)’] dated
10.07.2024 which is arising out of the assessment order u/s 144 of the Act for Assessment Year 2017-18 framed on 30.12.2019 by the ITO, Ward-9(1), Pune.
2. Apart from various grounds, one ground raised by the assessee is that before he could make necessary compliance before Ld.
CIT(A) and could file details, the impugned order was passed.
Assessee by : Shri Mahavir Jain
Revenue by : Shri Aviyogi Amadkar

Date of hearing
: 10.03.2025
Date of pronouncement : 24.03.2025
2
3. A perusal of the impugned order clearly indicates that various details were called for by Ld. CIT(A) but the assessee failed to produce any credible documentary evidence to substantiate that the impugned additions are uncalled for.
4. We have heard rival contentions and perused the records placed before us. We notice that the assessee is an individual and the return of income for assessment year 2017-18 was filed on 12.12.2017 declaring income of Rs.4,06,800/-. The case selected for scrutiny for larger cash deposit and thereafter Ld. Assessing
Officer passed best judgment assessment by making addition of Rs.21,99,406/- by applying 1% rate of net profit on 50% of the undisclosed turnover allegedly on account of money transfer business. Though the assessee failed to succeed before Ld. CIT(A), we considering the facts of the case and also observing the observation of Ld. Assessing Officer about the undisclosed turnover and then application of net profit rate on 50% of the undisclosed turnover and that the assessee having failed to furnish relevant details before both the lower authorities deem it appropriate to restore the issue raised on merits to the file of Ld. Assessing Officer for de novo assessment which is to be carried out after giving reasonable opportunity to the assessee to furnish the requisite
3
details. Effective grounds of appeal raised by the assessee are allowed for statistical purposes.
5. In the result, the appeal of the assessee is allowed for statistical purposes.
Order pronounced on 24th day of March, 2025. (VINAY BHAMORE) (MANISH BORAD)

JUDICIAL MEMBER ACCOUNTANT MEMBER
पुणे / Pune; ᳰदनांक / Dated : 24th March, 2025. Sujeet
आदेश कᳱ ᮧितिलिप अᮕेिषत / Copy of the Order forwarded to :
1. अपीलाथᱮ / The Appellant.
2. ᮧ᭜यथᱮ / The Respondent.
3. The Addl/JCIT(A)-3, Bengaluru.
4. The Pr. CIT/CIT concerned.
5. िवभागीय ᮧितिनिध, आयकर अपीलीय अिधकरण, “SMC” बᱶच,
पुणे / DR, ITAT, “SMC” Bench, Pune.

////
Senior Private Secretary

आयकर अपीलीय अिधकरण, पुणे / ITAT, Pune.