Yamir Packaging Pvt. Ltd., Ahmedabad V. The ITO, Ward-4(1)(4), Ahmedabad

ITA 1095/AHD/2019

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 7889 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 4 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-11-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2014-2015
• Appeal Filed On: 27-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRUSHOTTAM KUMAR
• Section: 13

Judgement Text

, ‘D’ । IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD (Convened through Virtual Court) BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER & SMT. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./I. T. A. No . 10 95 /A hd /2 01 9 ( Ass e ss me nt Ye ar : 20 1 4 -15 ) M/s. Ya mir Pac kaging Private Li mited ‘Yes House’, 11, Shivalik Plaza, IIM Road, Opp. AMA Pol ytechnic, Panjrapole, Ah me dabad 380015 / Vs. In co me T ax Of fi ce r W ar d -4 (1 )( 4), R oo m No . 20 5, B W i ng , Pra t ya k sh ka r Bh ava n, Op p. Sa hj an an d Co lle ge , Pa nja ra P ol e, Ah me dab ad 38 00 15 यी ल सं./ ीआ आर सं./P A N / G IR N o . : A A A C Y 0 7 2 8 N (अपील Appellant) . . ( य / Respondent) अपील र स /Appellant by : Written Submission य क र स /Respondent by : Shri Prushottam Kumar, Sr.DR स क र D ate o f He ari ng 12/11/2021 !"# क र /Dat e o f Pro n ou nc e men t 24/11/2021 आद श/O R D E R PER PRADIP KUMAR KEDIA - AM: The c ap ti on ed a pp eal h as b ee n f ile d at the i ns ta nc e o f the ass es se e aga in st t he or de r of th e Co mmi s si on er of Inc o me Ta x (Ap pe al s) -7 , Ah m eda ba d ( CI T( A)’ in s ho rt ), d at ed 30. 04 .2 01 9 ari si ng i n t he p e nal t y ord er dat ed 24. 09 .2 01 8 pa ss ed b y th e I T A N o . 1 0 9 5 / A h d / 1 9 [ M / s . Y a m i r P a c k a g i n g P v t . L t d . v s . I T O ] A . Y . 2 0 1 4 - 1 5 - 2 - As ses si ng Of f ic er ( AO ) un der s . 27 1( 1)( c) of t he I nc o me T ax A ct , 19 61 (t he A ct) c on c ern in g AY 2 01 4- 15 . 2. W h en t he mat te r w as c all ed f or he ari ng, th e le arned Co un sel f or th e a ss es see p oin te d o ut th ro ug h wri tt en su b missi o n th at th e tot al in co me as se ss ed f or A. Y. 20 14 -1 5 u nde r n or ma l p ro vis io ns of the A ct sta nd s a t N il af t er se t of f of ca rr y f o rw arde d l os s. Ho we ve r, the in co me whi ch has be en s ub je ct ed to ta x i s at book prof i t of Rs .1, 38 ,8 5, 10 4/ - un der s ec tio n 11 5J B o f the A ct. 3. Ha vin g reg ar d t o t ax col le ct ed un de r MA T pr ovi sion s, bei ng hig he r tha n no r ma l p ro vi si on s, th e a ddi ti on s/ di sa llo wa n ces u nd er nor ma l pr ov is io ns wo ul d no t in vit e p ena lt y un de r secti o n 27 1( 1)( c) of the Ac t. In t he f act ua l ba ck gro un d, it is s ub mitt ed t hat wh ere t he add it io ns /d is all ow a nce s h ave be en c arr ie d ou t u nd er t he n or ma l pro vi si on s of th e Act , bu t t he a ss es s me nt wa s ul ti mat el y ma d e on the i nc o me c o mpu t ed u nd er s ect io n 1 1 5J B of the Act an d the t ax ha s bee n pa id on t he i nco me so c o mpu te d un der th e MA T pro vi si on s, the al le ge d c on ce al men t di d n ot l ead t o t ax ev as i on pe r s e. The ref o re, no pe n alt y c ou ld h av e b een i mpo se d o n t he a ss es see un der th e no r mal pro vi si on s of th e Ac t. F or t hi s pur po se , a ref er enc e was mad e to th e j ud g men t in t he ca se of CI T vs. N al wa So ns In ves tm en t Li mit ed (2 01 0 ) 3 27 I TR 54 3 (De lh i ). A ref er en ce was f u rt her ma de to t he C B DT C ir c ula r N o. 25/ 20 15 w her ei n th e Bo ard h as c lar if ie d th at i n r es pe ct of cas es p ri or to a ss es s ment ye a r 20 16- 17 , n o p en al t y u nde r s ec ti on 27 1(1 )( c) of the Ac t nee ds to be i mpo sed wh er e th e add it io ns /d is all ow a nce s w ere ma de u n der nor ma l pro vi si on s of the Act b ut t ax w as l evi ed u nd er M A T prov is io ns un der s ect io n 11 5J B/ 11 5J C of t he A c t. A de cis io n of t he Ho n’ bl e Del hi H ig h C ou rt i n U ni so n H ot el s L t d. v s. D CI T 4 0 t ax ma nn .co m 23 7 (De lh i ) (20 13 ) and CI T vs . Ca di la Ph ar m ace ut ic al s Ltd. was I T A N o . 1 0 9 5 / A h d / 1 9 [ M / s . Y a m i r P a c k a g i n g P v t . L t d . v s . I T O ] A . Y . 2 0 1 4 - 1 5 - 3 - als o ref e rr ed t o s up por t t he p ro po si tio n t hat no p en al t y c an b e i mpo sed w he re t he tax h as b een c ol le ct ed ba se d on boo k p rof it . 4. Ha vin g re ga rd t o th e se tt le d po sit ion of la w b y v ari ou s jud g men ts r ef err e d a bo ve an d th e po si ti on al so h aving b ee n end or se d b y t he C BD T Ci rc ul ar, we f ind su bs ta nt ia l f orce i n th e ple a of t he a ss es see f o r re ve rs al of pen al t y i mp o s ed i n t he cir cu ms ta nc es a s meri te d h ere in ab ov e. Co nse qu en tl y, th e ap pe ll ate ord er of th e C IT (A) is s et as id e a nd t he pen al t y i mpo se d b y th e A .O . is ca nc ell ed . 5. In th e res ul t, t he ca pti on ed a pp eal of t he as se ss ee is a ll o we d. Sd/- Sd/- (MADHUMI TA R OY) (PRADIP KUM AR KEDIA) JUDICI AL MEM BER ACC OUNTANT MEM BER A h m e d a b a d : D a t e d 2 4 / 1 1 / 2 0 2 1 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 1 2ीय 3 3 *+4 आयकर अपील य अ*+कर#4 अ56द ) द / DR, ITAT, Ahmedabad 7. 2 89 : ल / Guard file. By order/आद श स 4 उप/स5 यक पं ीक र आयकर अपील य अ*+कर#4 अ56द ) द । This Order pronounced in Open Court on 24/11/2021