9911796707
TMI Blog2021 (4) TMI 864X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee is directed against the order of the Commissioner of Income Tax (Appeals)-Faridabad dated 16.03.2018 for Assessment Years 2014-15. 2. The relevant facts as culled from the material on records are as under : 3. Assessee is an individual company stated to be engaged in the business of trading of Shares who filed his return of income on 30.11.2014 for A.Y. 2014-15 declaring total loss of Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , assessee is now in appeal before us and has raised the following grounds of appeal: "The appellant respectfully submits as under: Ground 1 : Treatment of loans received a 'bogus income' on account of being held as 'unexplained income' falling under scope of Section 68 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 36(1)(iii) of Act. The above grounds of appeal are without prejudice to and independent of one another. The appellant craves leave to add, supplement, amend, vary, withdraw or otherwise modify the grounds mentioned herein above at or before the time of hearing. The appellant prays for appropriate relief based on the said grounds of appeal and the facts and circumstances of the case." 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsidering the issue on merits, Learned CIT(A) has failed to follow the mandate required in Sub Section (6) of Section 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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