The ACIT, Central Circle-1, Baroda V. Sun Pharmaceuticals Industries Ltd., Baroda

ITA 105/AHD/2008

• Counselvise Citation: [2015] 121 COUNSELVISE.COM (IT) 1278 (ITAT-AHMEDABAD)
• Duration Of Justice: 7 year(s) 8 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-09-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 23-09-2015
• Assessment Year: 2000-2001
• Appeal Filed On: 04-01-2008
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: R I PATEL
• Assessee Lawyers: S N SOPARKAR

Judgement Text

ITA NO . 105 /AHD/ 20 0 8 ASSESSMENT YEAR: 2 0 0 0 - 01 PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD A BENCH, AHMEDABAD [CORAM: PRAMOD KUMAR AM AND KUL BHARAT JM] ITA NO. 105 / AHD / 2 0 0 8 ASSESSMENT YEAR: 200 0 - 01 ASSTT. COMMISSIONER OF INCOME TAX , ....... .. . ..... APPELLANT CC - 1, BARODA. VS. SUN PHARMACEUTICAL INDUSTRIES LTD., ....... ..................RESPONDENT SPARC CENTRE, TANDALIJA ROAD, BARODA. [PAN A ADCS 3124 K ] APPEARANCES BY: R.I. PATEL FOR THE APPELLANT S.N. SOPARKAR FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING : SEPTEMBER 2 3 RD , 201 5 DATE OF PRONOUNCING THE ORDER : SEPTEMBER 24 TH , 2015 O R D E R PER PRAMOD KUMAR AM: 1. BY WAY OF THIS APPEAL, THE ASSESSING OFFICER H A S CHALLENGED CORRECTNESS OF ORDER DATED 28 TH SEPTEMBER, 2007 PASSED BY THE LD . CIT ( A ) IN THE MATTER OF PEN ALTY UNDER SECTION 271(1)(C) OF THE INCOME TAX ACT, 1961 ( THE ACT HEREINAFTER), FOR THE ASSESSMENT YEAR 200 0 - 01 . 2. WHEN THIS APPEAL WAS CALLED OUT FOR HEARING, OUR ATTENTION WAS DRAWN TO THE FACT THAT THE RELATED QUANTUM ASSESSMENT, IN RESPECT OF WHI CH IMPUGNED PENALTY IS LEVIED, HAS BEEN QUASHED BY THIS TRIBUNAL, VIDE ORDER DATED 21 ST ITA NO . 105 /AHD/ 20 0 8 ASSESSMENT YEAR: 2 0 0 0 - 01 PAGE 2 OF 2 AUGUST, 2015 . IN VIEW OF THIS DEVELOPMENT, AS LEARNED REPRESENTATIVES FAIRLY AGREE, THIS APPEAL H A S BECOME INFRUCTUOUS. 3. IN THE RESULT, THE APPEAL IS DISMISS E D AS I NFRUCTUOUS. P RONOUNCED IN THE OPEN COURT ON THIS 24 TH DAY OF SEPTEMBER, 2015. SD/ - SD/ - KUL BHARAT PRAMOD KUMAR (JUDICIAL MEMBER) (ACCOUNTANT MEMBER) AHMEDABAD, THE 24 TH DAY OF SEPTEMB ER , 2015 PBN/* COPIES TO: (1) THE APPELLANT (2) THE RESPONDENT (3) COMMISSIONER (4) CIT(A) (5) DEPARTMENTAL REPRESENTATIVE (6) GUARD FILE BY ORDER ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL AHMEDABAD BENCHES, AHMED ABAD