2021 (4) TMI 864

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..... a well settled principle of natural justice that sufficient opportunity of hearing should be offered to the parties and no parties should be condemned unheard. In view of these facts, we set aside the impugned order of CIT(A) dated 16.03.2018 and restore the issue to the file of CIT(A) for re-adjudication of the issues after granting sufficient opportunity of hearing to the assessee. Appeal of the assessee is allowed for statistical purposes. - ITA No. 3485/Del/2018 - - - Dated:- 19-4-2021 - SH. ANIL CHATURVEDI , ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE , JUDICIAL MEMBER Assessee by : -- None -- Revenue by : Shri Satpal Gulati, CIT-DR ORDER PER ANIL CHATURVEDI , AM : This appeal filed by the assessee is dir .....

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..... ts and circumstances of the case and in law, the Ld. CIT(A) has erred upholding the decision of the Ld AO in treating loans received by the assessee during the year as bogus and unexplained and adding back the same u/s 68 of the Act. Ground No.2: Disallowance of interest paid amounting to INR 2,52,854/ Under the facts and circumstances of the case and in law, the Ld CIT(A) has erred upholding the decision of the Ld AO in disallowing interest paid amounting to INR 2,52,854 against unsecured loans by the assessee. Ground No.3 : Disallowance of proportionate interest amounting to INR 4,23,900 Under the facts and circumstances of the case and in law, the Ld CIT(A) has erred upholding the decision of the learned AO to a .....

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..... ion 250 of the Act. Further it is also a well settled principle of natural justice that sufficient opportunity of hearing should be offered to the parties and no parties should be condemned unheard. In view of these facts, we set aside the impugned order of CIT(A) dated 16.03.2018 and restore the issue to the file of CIT(A) for re-adjudication of the issues after granting sufficient opportunity of hearing to the assessee. Assessee is also directed to furnish the details called for by the lower authorities. In view of our decision to restore the issue to CIT(A), we are not adjudicating on merits the grounds raised by the assessee. Thus the ground of assessee is allowed for statistical purposes. 8. In the result, appeal of the assessee is .....

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