The Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘H’, adjudicated on the appeal filed by Frontline Securities Ltd. against the order of DCIT CPC, New Delhi. The appeal, registered as ITA No. 343/DEL/2021, pertains to the assessment year 2018-19.
Frontline Securities Ltd., located at M-6, IInd Floor, M Block, GK, Part-II, New Delhi, filed an appeal against the order dated 24.07.2020 of the Commissioner of Income Tax (Appeals)-3, New Delhi. The case involved a dispute over the determination of total income by CPC, Bangalore.
The appellant raised the following grounds:
The case was heard on 03.08.2022. On the date of the hearing, none appeared on behalf of the assessee, nor was any adjournment application filed. The Tribunal proceeded to dispose of the appeal ex parte qua the assessee after hearing the Learned DR.
The ITAT, respecting the principles of natural justice and the requirement for the CIT(A) to state the points in dispute and assign reasons for their conclusion, decided in favor of the appellant. The Tribunal set aside the impugned order of CIT(A) dated 24.07.2020 and restored the issue to the file of CIT(A) for re-adjudication of the issues after granting sufficient opportunity of hearing to the assessee. The Tribunal did not adjudicate the grounds raised by the assessee on merits.
The appeal was allowed for statistical purposes. The order was pronounced in the open court on 05.08.2022.
Order Pronounced in the Open Court on 05/08/2022.
Signed by:
(NARENDER KUMAR CHOUDHARY) – Judicial Member
(ANIL CHATURVEDI) – Accountant Member
Date: 05/08/2022
PY*
Copy forwarded to:
Assistant Registrar, ITAT: New Delhi
ITA No. 343/DEL/2021 – Frontline Securities Ltd. vs DCIT CPC, New Delhi
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform