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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Satbeer Singh Godara & Shri Amarjit Singh
O R D E R Per Bench This assessee’s appeal for A.Y. 2017-18 arises against the National Faceless Appeal Centre, Delhi [CIT(A)]’s DIN & Order No. ITBA/NFAC/S/250/2022- 23/10482315829(1) dated 26.12.2022 in proceedings u/s. 250 of the Income Tax Act, 1961 (the Act).
Case called twice. None appears at assessee’s behest. We accordingly proceed exparte against the assessee.
It emerges at the outset with the able assistance coming from the Revenue’s side that the CIT(A)/NFAC has passed exparte lower appellate order confirming the Assessing Officer’s action adding section 68 unexplained cash credit of Midhun Joshi Rs.16,10,600/- without dealing with the relevant factual matrix as contemplated u/s. 250(6) of the Act requiring it to frame points of determination followed by a detailed discussion thereupon. Faced with this situation, we deem it fit appropriate to restore the instant issue back to the CIT(A)-NFAC for it’s afresh verification and adjudication with a rider that it shall be the assessee’s risk and responsibility only to plead and prove all the relevant facts within three effective opportunities of hearing. Ordered accordingly.
This assessee’s appeal is allowed for statistical purposes in above terms.