{"id":7202,"date":"2019-09-12T14:13:49","date_gmt":"2019-09-12T14:13:49","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ankit-metal-and-power-ltd-v-jcit-201973-itr-374-kol-trib\/"},"modified":"2019-09-12T14:13:49","modified_gmt":"2019-09-12T14:13:49","slug":"ankit-metal-and-power-ltd-v-jcit-201973-itr-374-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ankit-metal-and-power-ltd-v-jcit-201973-itr-374-kol-trib\/","title":{"rendered":"Ankit Metal  and Power Ltd. v. JCIT (2019)73 ITR 374 (Kol.)(Trib.)"},"content":{"rendered":"<p>The assessee had issued shares as premium on preferential allotment. The AO had made inquiry from the shareholders and obtained statements u\/s 131. \u00a0The Tribunal noted that the copies of the statements recorded u\/s 131 were not provided to the assessee. The Tribunal relying on the decision of the Hon\u2019ble Supreme Court in the case of Andaman Timber Industries v \u00a0CCE ( 2015) \u00a0281 CTR 241 (SC) held that as the opportunity of cross-examination as not given to the assessee, it was gross violation of the principles of natural justice. Thus, the Tribunal remanded the matter back to the AO for fresh assessment. (AY. 2012-13)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.143(3) : Assessment -Natural justice \u2013 Case remitted back as principles of natural justice were violates and opportunity of cross examination not given. [ S.131 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7202","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Sa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=7202"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7202\/revisions"}],"predecessor-version":[{"id":7203,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7202\/revisions\/7203"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}