Suyash Auto Press Components And Assemblys Pvt.Ltd, Pune V. Income-tax Officer, Ward - 6 (4), Pune

ITA 1101/PUN/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 0318 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2015-2016
• Appeal Filed On: 14-07-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Rule 8D
• Section: 14A

Judgement Text

आयकर अपीलीय अधिकरण “बी” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, PUNE BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.1101/PUN/2019 धििाारण वर्ा / Assessment Year : 2015-16 Suyash Auto Press Components And Assemblys Pvt. Ltd., 215-216, Decision Tower, Satara Road, Pune-411037 PAN : AACCS5937P ......अपीलार्थी / Appellant बिाम / V/s. The Income Tax Officer, Ward – 6(4), Pune ......प्रत्यर्थी / Respondent Assessee by : Shri Rohit Tapadiya Revenue by : Shri M.G. Jasnani सुनवाई की तारीख / Date of Hearing : 24-06-2022 घोषणा की तारीख / Date of Pronouncement : 06-07-2022 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 28-05-2019 passed by the Commissioner of Income Tax (Appeals)-4, Pune [‘CIT(A)’] for assessment year 2015-16. 2. The assessee raised three grounds of appeal which are as under : “1. The learned A.O. erred in (and CIT(A)) in making disallowing under section 14A r.w.s. Rule 8D of Rs.1,68,359/-. 1.1 The learned AO (and CIT(A)) erred in considering investments made in partnership firm from which no exempt income has been earned during the FY 2014-15 (relevant to AY 2015-16), while computing disallowance u/s. 14A. 2 ITA No.1101/PUN/2019, A.Y. 2015-16 2. The learned AO erred in disallowing the claim of deduction for performance incentive (being part of remuneration) paid to directors under section 36(1)(ii) of the Act of Rs.3,13,652/- being 50% of the total expenses incurred.” 3. At the outset, we note that vide Para No. 2 and also Para No. 3.2 of the impugned order, we note that the CIT(A) disposed off the appeal dismissing the grounds raised challenging the action of AO against the disallowances made u/s. 36(1)(ii) and u/s. 14A r.w. Rule 8D of the Rules in the absence of assessee. The ld. AR submits that no opportunity was available to the assessee to support the grounds raised before the CIT(A). If this Tribunal affords an opportunity for the assessee to prosecute grounds raised before the CIT(A), the assessee is ready to substantiate its claim before the First Appellate Authority. The ld. DR did not report any objection in remitting the matter to the file of CIT(A). Therefore, in the facts and circumstances of the case and submissions of ld. AR and ld. DR in the interest of justice, we deem it proper to remand the issues to the file of CIT(A) for its fresh consideration. The assessee is liberty to file evidence, if any, in support of its claim. Thus, the grounds raised by the assessee are allowed for statistical purpose. 4. In the result, the appeal of assessee is allowed for statistical purpose. Order pronounced in the open court on 06 th July, 2022. Sd/- Sd/- (R.S. Syal) (S.S. Viswanethra Ravi) VICE PRESIDENT JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 06 th July, 2022. रदव 3 ITA No.1101/PUN/2019, A.Y. 2015-16 आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-4, Pune 4. The Pr. CIT-3, Pune 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, “बी” बेंच, पुणे / DR, ITAT, “B” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदचव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune