M/s. Vishal Engineering & Galvanizers, Ahmedabad V. The ACIT, Circle-3(2), Ahmedabad

ITA 1074/AHD/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 5897 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 9 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-03-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2008-2009
• Appeal Filed On: 25-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 37; 271(1)(c)

Judgement Text

, ‘D’ । IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD (Convened through Virtual Court) BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI WASEEM AHMED, ACCOUNTANT MEMEBR आयकर अपील सं./I.T.A. No. 1074/Ahd/2019 ( Assess ment Ye ar : 2008-09) M / s. Vi sh al E n gi n eer s & Ga lv an ize rs 73, B lo ck N o. 40 4/ 4 28/ 42 9, As hw a meg h I nd us tr ial Est at e, S ana n d, Ah me dab ad - 3 82 21 3 / V s . As sis ta nt C o mmi s s io ner of In co me T ax Cir cl e - 3 (2 ), A h me dab ad A-5 0 9, 5 t h Fl oor , Pra t ya k sh K ar B ha v an, Nr. P an jr ap ole , A mba wa di, A h med aba d यी ल सं./ ीआ आर सं./P A N / G IR N o . : A A E F V 9 7 2 2 A (अपील Appellant) . . ( य / Respondent) अपील र स /Appellant by : Sh ri Pa ri ma ls in h B Par ma r, A. R. य क र स / Respondent by : Shri N. J. Vyas, Sr.D.R. स क र D a t e o f H e a r i n g 28/03/2022 !"# क र /D a t e o f P r o n o u n c e m e n t 29/03/2022 ORDER PER MAHAVIR PRASAD, JM: The captioned ap peal has been filed at th e instan ce of the ass essee ag ainst th e ord er of the Co mmissioner of ITA No. 1074/Ahd/2019 (M/s. Vishal Engineering & Galvanizers vs. ACIT ) AY 2008-09 - 2 - Inco me Tax ( Ap peals)-3, Ah med abad (‘ CI T(A)’ in short) vide Appeal No . CI T(A)-3/ACIT, Cir cle-3(2)/649/2016-17, dated 12.04.2019 arising in the pen alty order dated 31.03.2016 passed by th e Ass essing Officer ( AO) under s. 271(1)(c) of the Inco me Tax Act, 1961 (the Act) concerning AY. 2008-09. 2. The sole ground of assess ee is th at th e learn ed CIT(A) has err ed both in law and on the facts of the cas e in confir ming th e p enalty of Rs.6 ,20,774/- levied u/s . 271(1)(c) of the Act. 3. When the matter was called for hearing, th e learn ed AR for the ass es see sub mitted that in the quantu m additions/disallo wan ces giving rise to the impo sition of penalty in appeal has been d eleted by the co-ordinate b en ch of Tribunal in ITA No. 294 5/Ahd/2015, order dated 25.06.2019 in the quantu m proceedings by observing as under: “ We h a v e c a r e f u l l y c o n s i d e r e d t h e j u d g m e n t a s c i t e d a b o v e . I t i s a s e t t l e d p r i n c i p l e o f l a w t h a t c o m m i s s i o n p ai d t o p e r s o n s f o r r e f e r r i n g n a m e s o f c u s t o m e r s i s a l l o w a b l e u / s 3 7 o f t h e A c t f o r i n t r o d u c i n g p o t e n t i a l c u s t o m e r s t o t h e a s s e s s e e f a ll s w i t h i n t h e a m b i t o f s e r v i c e . W e t h u s f i n d t h e o r d e r p a s s e d b y t h e L e a r n e d C I T ( A ) n o t i n c o h e r e n c e w i t h r a t i o l a i d d o w n b y t h e j u d g m e n t a s c i t e d a b o v e . We t h u s d e l e t e t h e a d d i t i o n . I n t h e r e s u l t , a s s e s s e e ’ s a p p e a l i s a l l o w e d . ” 4. Since in quantu m proceeding, I TAT h as gr anted relief to the ass ess e. Now, th er e is no basis left for confirmation ITA No. 1074/Ahd/2019 (M/s. Vishal Engineering & Galvanizers vs. ACIT ) AY 2008-09 - 3 - of penalty. Th us, in view of the above s aid judgment, penalty is deleted. 5. In the result, app eal filed by th e Assess ee is allowed. Sd/- Sd/- ( WASEEM AHMED) (MAHAVIR PRASAD) ACC OUNTANT MEMB ER JUDICIAL MEMBER Ahmedabad: Dated 29/03/2022 True Copy S.K.SINHA ेश ! " #े" / Copy of Order Forwarded to:- $. र / Revenue 2. आ दक / Assessee '. सं(ं)* आयकर आय + / Concerned CIT 4. आयकर आय + - अपील / CIT (A) .. / 0 1ीय 2 2 )*3 आयकर अपील य अ)*कर#3 अ45द ( द / DR, ITAT, Ahmedabad 6. 1 78 फ ल / Guard file. By order/आद श स 3 उप/स4 यक पं ीक र आयकर अपील य अ)*कर#3 अ45द ( द । This Order pronounced in Open Court on 29/03/2022