SUNIL KISANRAO BAGUL,NASHIK vs THE INCOME TAX OFFICER, WARD 1(1), NASHIK

Income Tax Appellate Tribunal, PUNE BENCH “SMC”, PUNE

Before: SHRI R.S. SYAL

For Appellant: Shri Pramod Shingte

For Respondent: Shri S.P. Walimbe

आदेश / ORDER

PER R.S.SYAL, VP : This appeal by the assessee is directed against the order passed by the CIT (Appeals) - National Faceless Appeal Centre (NFAC), Delhi u/s 250 of the Income-tax Act, 1961 (hereinafter also called `the Act’) on 24-11-2021 in relation to the assessment year 2017-18. 2. I have heard both the sides and gone through the relevant material on record. It is seen that the assessee’s case was selected for scrutiny under Computer Aided Scrutiny Selection (CASS). After considering the assessee’s submissions, the Assessing Officer (AO), invoking the provisions of section 2(22)(e) of the Act, made an addition of Rs.26.00 lakh treating the loan received by the assessee from Sukiba Management Services Pvt. Ltd., with maximum balance, as deemed dividend. The ld. CIT(A) passed the order ex parte dismissing the appeal of the assessee. The ld. AR submitted that the ld. CIT(A) did not give adequate opportunity of hearing to the assessee before dismissing the appeal.

It was requested that one more opportunity be given to the assessee to present its case properly before the ld. first appellate authority so that a legally sustainable decision could be arrived at. Considering the entirety of the facts obtaining in the instant case, I am of the considered opinion that it would be in the fitness of things if the impugned order is set-aside and the matter is restored to the file of the ld. CIT(A) for deciding the issues afresh as per law after allowing a reasonable opportunity of hearing to the assessee. I order accordingly.

In the result, the appeal is allowed for statistical purposes. Order pronounced in the Open Court on 30th March, 2022.

SUNIL KISANRAO BAGUL,NASHIK vs. THE INCOME TAX OFFICER, WARD 1(1), NASHIK