2021 (4) TMI 864

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....EDI , AM : This appeal filed by the assessee 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....

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....the assessee. Aggrieved by the order of CIT(A), 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....

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....ying the judgement of SA Builders Pvt Ltd 288 ITR 1 in view of the provisions of Section 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 fo....

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....ter assign the reasons in support of his conclusion. We are of the view that by dismissing the appeal without considering 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 shou....