D v. The Commissioner Of Income Tax-I

IN THE HIGH COURT OF JUDICATURE FOR RAJASTHANBENCH AT JAIPUR D.B.INCOME TAX APPEAL NO. 37 / 2015 Appellant M/s. Punsumi India Limited (In Liquidation) D-16, Meera Marg, Bani Park, Jaipur Through its Ex-Director Sh. Vishnu Kumar Bhargava S/o LateSh. G.G. Bhargava, aged 69 years approx. by caste Brahimin Vs. Respondents 1.The Commissioner of Income Tax-I, New Central Revenue Building, Statue Circle, Jaipur 2.The Assistant Commissioner of Income Tax, Circle-3 New Central Revenue Building, Statue Circle, Jaipur Connected With D.B.INCOME TAX APPEAL No. 38 / 2015 Appellant M/s. Punsumi India Limited (In Liquidation) D-16, Meera Marg, Bani Park, Jaipur Through its Ex-Director Sh. Vishnu Kumar Bhargava S/o LateSh. G.G. Bhargava, aged 69 years approx. by caste Brahimin Vs. Respondents 1.The Commissioner of Income Tax-I, New Central Revenue Building, Statue Circle, Jaipur 2.The Assistant Commissioner of Income Tax, Circle-3 New Central Revenue Building, Statue Circle, Jaipur D.B.INCOME TAX APPEAL No. 39 / 2015 Appellant M/s. Punsumi India Limited (In Liquidation) D-16, Meera Marg, Bani Park, Jaipur Through its Ex-Director Sh. Vishnu Kumar Bhargava S/o LateSh. G.G. Bhargava, aged 69 years approx. by caste Brahimin Vs. Respondents 1.The Commissioner of Income Tax-I, New Central Revenue Building, Statue Circle, Jaipur 2.The Assistant Commissioner of Income Tax, Circle-3New Central Revenue Building, Statue Circle, Jaipur.New Central Revenue Building, Statue Circle, Jaipur. __________________________________________ For Appellant :Mr. Naresh Gupta For Respondents : Mr. Anuroop Singhi __________________________________________ HON'BLE MR. JUSTICE K.S. JHAVERI HON'BLE MR. JUSTICE DINESH MEHTA Judgment Per Hon’ble Jhaveri, J. 06/12/2016 1.The delay in filing Appeal No. 39/2015 is condoned. Theapplication under Section 5 of the Limitation Act is allowed.application under Section 5 of the Limitation Act is allowed. 2.We are informed by the Counsel for the appellant thatpursuant to the order of remand, fresh assessment order hasbeen passed. In that view of the matter, it will not beappropriate to examine the matter only for the academicpurpose. 3.All the appeals are dismissed. However, it will be open forthe assessee to raise all grounds (including the grounds raisedherein) before the CIT (Appeals). We hope that CIT (Appeals)will consider all the objections/arguments of the assessee intrue spirit. A copy of this order be placed in each of the file. (DINESH MEHTA)J. (K.S. JHAVERI)J. bblm