FORTRIGHT CONSULTANTS (P) LTD,GUWAHATI vs. INCOME TAX OFFICER, WARD-2(1), GUWAHATI
In the result, appeal of the assessee is allowed for statistical purposes
ITA 193/GTY/2018[2014-15]Status: DisposedITAT Guwahati20 Feb 2023AY 2014-15
Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 193/Gty/2018 Assessment Year: 2014-15 Fortright Consultants Private Income Tax Officer, Ward-2(1) Vs Guwahati Limited T-1, 3Rd Floor Shivam Apartment House No. 99, A.K. Azad Road Rehabari Guwahati -781008 [Pan : Aaccf2203K] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri N.T. Sherpa, Jcit सुनवाई क" तारीख/Date Of Hearing : 20/12/2022 घोषणा क" तारीख /Date Of Pronouncement: 20/02/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The Learned Commissioner Of Income Tax (Appeals) – Guwahati-1, Guwahati, (Hereinafter The “Ld. Cit(A)”) Dt. 31/03/2018, Passed U/S 250 Of The Income Tax Act, 1961 (“The Act’), For Assessment Year 2014-15. 2. The Assessee Has Raised The Following Grounds Of Appeal:- “1. That The Impugned Order Dated 31/03/2018 Passed By The Learned Commissioner Of Income Tax (Appeals), Guwahati-1, Guwahati Is Without Jurisdiction, Illegal, Invalid & Bad-In-Law Being Passed In The Contraventions Of The Principles Of Natural Justice Without Allowing Proper Opportunity Of Being Heard. 2. That The Findings & Observations Of The Learned Commissioner Of Income Tax (Appeals), Guwahati-1, Guwahati Made In His Order Dated 31/03/2018 Are All Perverse & Contrary To The Facts & Laws Of The Case.
For Appellant: NoneFor Respondent: Shri N.T. Sherpa, JCIT
Section 143(2)Section 250Section 251(2)Section 68
86,50,000 by treating the share application money received by the Assessee Company as unexplained cash credit under section 68
