https://www.taxtmi.com/caselaws?id=448446 ITAT Kolkata allowed the appeal and restored the matter to CIT(A) for decision on merits. The CIT(A) had dismissed the appeal ex-parte regarding unexplained cash credit addition solely because the assessee company's name was struck off by ROC and PAN was surrendered. ITAT held that striking off company name from ROC records cannot be grounds for dismissing appeal without deciding on merits, following precedent in Dwarka Portfolio case. The first appellate authority was directed to decide the issue on substantive grounds rather than procedural technicalities. en-us Thu, 30 Nov 2023 00:00:00 +0530 Thu, 18 Jan 2024 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448446 ITAT Kolkata allowed the appeal and restored the matter to CIT(A) for decision on merits. The CIT(A) had dismissed the appeal ex-parte regarding unexplained cash credit addition solely because the assessee company's name was struck off by ROC and PAN was surrendered. ITAT held that striking off company name from ROC records cannot be grounds for dismissing appeal without deciding on merits, following precedent in Dwarka Portfolio case. The first appellate authority was directed to decide the issue on substantive grounds rather than procedural technicalities. Case-Laws Income Tax Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448446