STELLAR CAPITAL SERVICS LTD,DELHI vs. PCIT,-7, DELHI
ITA No.2612/Del/2025
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “B”NEW DELHI
BEFORE SHRIMAHAVIR SINGH, HON’BLE VICE PRESIDENT
AND SHRISANJAY AWASTHI, ACCOUNTANT MEMBER
आ.अ.सं/.I.T.A No.2612/Del/2025
िनधा रणवष /Assessment Year:2018-19
STELLAR CAPITAL SERVICES LIMITED,
Plot No.A1 & A2, Road No.43,
Mangolpuri Industrial Area, Phase-2,
Community Centre, Pitampura, Delhi.
PAN No.AAACS3356A
बनाम
Vs.
Principal Commissioner of Income Tax-7,
C.R. Building, ITO,
I.P. Estate, New Delhi.
अपीलाथ Appellant
यथ/Respondent
Assessee by Ms. Pallavi, CA
Revenue by Ms. Pooja Swaroop, CIT DR
सुनवाईकतारीख/ Date of hearing:
08.12.2025
उोषणाकतारीख/Pronouncement on 08.12.2025
आदेश /O R D E R
PER SANJAY AWASTHI, ACCOUNTANT MEMBER:
1. This appeal arises from order u/s 263 of the Income Tax Act,
1961 (hereinafter “the Act”), passed by Ld. PCIT, Delhi-7, dated 01/03/2024 for AY 2018-19. Through this order the Ld.
PCIT has directed the Ld. AO to enhance the taxable income of the assessee by making a disallowance of Rs.42,24,677/-, being the excess remuneration for directors. It is seen that this order has been passed in an ex parte manner considering
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that the two opportunities provided to the assessee could not be availed of.
1.1 Aggrieved with this action the assessee has approached the ITAT with the grounds of appeal which challenge this action of the Ld. PCIT. In fact, the first ground itself challenges the impugned action on the ground of denial of opportunity.
2. Before us the Ld. AR pointed out that the impugned order was passed in an ex parte manner and thus, only after two opportunities the Ld. PCIT is seen to have disposed of the matter under consideration. The Ld. AR prayed for another opportunity to present the facts before the Ld. PCIT.
2.1 The Ld. DR fairly agreed that since this order was passed in an ex parte manner there would be no objection in case this matter was to be remanded back to the file of the Ld. PCIT.
3. We have carefully considered the documents before us and have heard the Ld. AR/DR. It is clearly visible that the Ld.
PCIT gave two opportunities and thereafter passed the impugned order. Considering the totality of facts and circumstances, we find merit in the submission of Ld. AR that another opportunity should be given to the assessee for making a presentation of facts before the Ld. PCIT.
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Accordingly, we deem it fit to set aside the impugned order and remand this matter back to the file of Ld. PCIT for fresh adjudication. The assessee would be expected to be alert to the notices issued from his office for hearing in the matter.
4. In the result, the appeal is allowed for statistical purposes.
Order pronounced in the open court on 08.12.2025 (MAHAVIR SINGH)
ACCOUNTANT MEMBER
Dated: 08.12.2025
*Kavita Arora, Sr. P.S.