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Crafted Mindfully at
© 2025 COUNSELVISE
  1. direct tax
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  3. judgements
Judges
Appeal Type

Income Tax Appeal

Bench
Assessment Year

2011-2012

Result in Favour of

Partly Allowed

PANCHAMRIT REAL ESTATES PRIVATE LIMITED,GURGAON V. ITO,WARD-3(2), GURGAON

ITA 2598/DEL/2024

2011-2012

Pronouncement Date: 19-09-2025

Result: Partly Allowed

2
Appeal details
RSA Number
[2025] 140 COUNSELVISE.COM (IT) 777291 (ITAT-DELHI)
Assessee PAN
Bench
Appeal Number
Duration Of Justice
1 year(s) 3 month(s) 27 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
19-09-2025
Appeal Filed By
Order Result
Partly Allowed
Bench Allotted
B
Next Hearing Date
-
Assessment Year
2011-2012
Appeal Filed On
22-05-2024
Judgement Text
" 1 ITA Nos. 2599, 2655, 2600, 2598 & 26548/Del/2024 Panchamrit Reals Estates Pvt. Ltd. Vs. ITO IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI BENCH ‘B’ NEW DELHI BEFORE SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER AND SHRI NAVEEN CHANDRA, ACCOUNTANT MEMBER ITA No. 2599/DEL/2024 (A.Y. 2011-12) ITA No. 2655/DEL/2024 (A.Y. 2012-13) ITA No. 2600/DEL/2024 (A.Y. 2017-18) ITA No. 2598/DEL/2024 (A.Y. 2011-12) ITA No. 2654/DEL/2024 (A.Y. 2012-13) Panchamrit Real Estates Private Limited H. No. 123, Sector 21, Gurgaon, Haryana PAN: AAECP9525E Vs. ITO Ward-3(2) Gurgaon, Haryana Appellant Respondent Assessee by Sh. RajnishYadav,Adv Revenue by Ms.Pooja Swaroop, CIT (DR) Date of Hearing 17/09/2025 Date of Pronouncement 19/09/2025 ORDER PER BENCH: The captioned appeals in ITA Nos. 2599/Del/2024, 2655/Del/2024 and 2600/Del/2024 are filed by the Assessee challenging the orders of Ld. Commissioner of Income Tax (Appeals/ National Faceless Appeal Centre (‘Ld. CIT(A)/NFAC’ for short), New Delhi dated 28/03/2024 pertaining to Assessment Years 2011-12, and 2012- 13and 2017-18, wherein the Ld. CIT(A) dismissed the quantum Appeals filed by the Assessee. Printed from counselvise.com 2 ITA Nos. 2599, 2655, 2600, 2598 & 26548/Del/2024 Panchamrit Reals Estates Pvt. Ltd. Vs. ITO 2. The ITA No. 2598/Del/2024 and 2654/Del/2024 are filed by the Assessee challenging the orders of Ld. Commissioner of Income Tax (Appeals/ National Faceless Appeal Centre (‘Ld. CIT(A)/NFAC’ for short), New Delhi dated 28/03/2024 pertaining to Assessment Years 2011-12, and 2012-13, wherein the Ld. CIT(A) dismissed the penalty Appeals filed by the Assessee. 3. The Ld. Counsel for the Assessee vehemently submitted that all the First Appeals filed by the Assessee challenging both quantum as well as penalty have been dismissed by the Ld. CIT(A) without hearing the Assessee which is in violation of principals of natural justice. Further submitted that while deciding the first appeal without dealt all the grounds of Appeal of the Assessee and in a cryptic manner the Ld. CIT(A) has passed the orders impugned. Thus, sought for allowing the Appeals. 4. Per contra, the Ld. Departmental Representative relying on the orders of the Ld. CIT(A) sought for dismissal of the Appeal. 5. We have heard both the parties and perused the material available on record. It can be seen from the order of the Ld. CIT(A) , the impugned orders have been passed ex-parte without hearing the Assessee. It is further observed that while deciding the First Appeals, the Ld. CIT(A) Printed from counselvise.com 3 ITA Nos. 2599, 2655, 2600, 2598 & 26548/Del/2024 Panchamrit Reals Estates Pvt. Ltd. Vs. ITO has not dealt with all the grounds of Appeals of the Assessee on merits. Considering the facts that the Assessee has not participated in the first Appellate proceedings, in the interest of natural justice, we remand the matter to the file of the Ld. CIT(A) with a direction to the Ld. CIT(A) to decide the Frist Appeals afresh on merits in accordance with law after providing opportunity of being heard to the Assessee. 6. In the result, the Appeals of the Assessee in ITA No. 2599/DEL/2024 (A.Y. 2011-12), ITA No. 2655/DEL/2024 (A.Y. 2012- 13), ITA No. 2600/DEL/2024 (A.Y. 2017-18), ITA No. 2598/DEL/2024 (A.Y. 2011-12) and ITA No. 2654/DEL/2024 (A.Y. 2012-13)are partly allowed for statistical purpose. Order pronounced in the open court on 19th September, 2025 Sd/- Sd/- (NAVEEN CHANDRA) (YOGESH KUMAR U.S.) ACCOUNTANT MEMBER JUDICIAL MEMBER Date:- 19 .09.2025 R.N, Sr.P.S* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI Printed from counselvise.com 4 ITA Nos. 2599, 2655, 2600, 2598 & 26548/Del/2024 Panchamrit Reals Estates Pvt. Ltd. Vs. ITO Printed from counselvise.com "
Judges
Appeal Type

Income Tax Appeal

Bench
Assessment Year

2011-2012

Result in Favour of

Partly Allowed

1-to-1

Consultation on Entity Formation
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Roshni Pandit

₹0

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Object Clause - Merchant Banking Business
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₹100
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₹4000 for a year

Direct Tax

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Team Counselvise - October 08, 2025