Exponential Technologies (Software and Hardware) Private Limited, Hyderabad V. Income Tax Officer, Ward-17(2), Hyderabad

ITA 1219/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 1630 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 8 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-02-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-A
• Next Hearing Date: 01-02-2021
• Assessment Year: 2012-2013
• Appeal Filed On: 08-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: P MURALI MOHANA RAO
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. A.Y. APPELLANT RESPONDENT 1214/HYD/18 2011 - 12 EXPONENTIAL TECHNOLOGIES (SOFTWARE AND HARDWARE) PRIVATE LIMITED HYDERABAD [PAN: AABCE7729C] INCOME TAX OFFICER, WARD-17(2), HYDERABAD 1215/HYD/18 2011 - 12 1216/HYD/18 2011 - 12 1217/HYD/18 2012 - 13 1218/HYD/18 2012 - 13 1219/HYD/18 2012-13 FOR ASSESSEE : SHRI P.MURALI MOHANA RAO, AR FOR REVENUE : SHRI SUNIL KUMAR PANDEY, DR DATE OF HEARING : 01-02-2021 DATE OF PRONOUNCEMENT : 16-02-2021 O R D E R PER BENCH : THESE SIX ASSESSEES CASES ARISE FROM CIT(A)-5, HYDERABADS ORDER, DATED 11-05-2018 FOR AYS.2011-12 & 2012-13 PASSED IN APPEAL NOS.0427, 0428, 0430, 0401 , 0425 & 0429(0403)/2017-18/CIT(A)-5, UPHOLDING PENALTIES U /S. 271AA, 271A, 271BA/271AA, 271BA AND 271F OF THE INCO ME TAX ACT, 1961 [IN SHORT, THE ACT]; APPEAL-WISE, RESPE CTIVELY. HEARD BOTH THE PARTIES. CASE FILES PERUSED. 2. IT EMERGES AT THE OUTSET THAT THIS TRIBUNALS CO-ORDINAT E BENCHS COMMON ORDER DT.20-06-2018 IN ITA NOS.303 & 304/HYD/2016 HAS RESTORED ALL THE CORRESPONDING QUANTU M ISSUES RAISED BACK TO THE ASSESSING OFFICER SO AS TO V ERIFY THE NECESSARY FACTS. THE SAME SUFFICIENTLY INDICATES THA T THE ITA NOS.1214, 1215, 1216, 1217, 1218 & 1219/HYD/2018 :- 2 -: IMPUGNED PENALTIES HAVE NO LEGS TO STAND PER SE AS OF NOW. WE THEREFORE FOLLOW SUIT IN THE INSTANT PENALTY PROCEEDING S AS WELL. ALL THESE INSTANT SIX APPEALS IN THE RESPECTIVE PENALT Y PROCEEDINGS ARE RESTORED BACK TO THE ASSESSING OFFICER FOR HIS AFRESH ADJUDICATION IN VIEW OF THE CONSEQUENTIAL ASSES SMENT(S) FRAMED. 3. THESE SIX ASSESSEES APPEALS ARE TREATED AS ALLOWE D FOR STATISTICAL PURPOSES IN THE ABOVE TERMS. A COPY OF THIS COMMON ORDER BE PLACED IN THE RESPECTIVE CASE FILES. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH FEBRUARY, 2021 SD/- SD/- (LAXMI PRASAD SAHU) (S.S.G ODARA) ACCOUNTANT MEMBER JUDICIAL MEM BER HYDERABAD, DATED:16-02-2021 TNMM ITA NOS.1214, 1215, 1216, 1217, 1218 & 1219/HYD/2018 :- 3 -: COPY TO : 1.EXPONENTIAL TECHNOLOGIES (SOFTWARE AND HARDWARE) PRIVATE LIMITED, C/O. P.MURALI & CO., CHARTERED ACCOUNTANTS, 6-3-655/2/3, 1 ST FLOOR, SOMAJIGUDA, HYDERABAD. 2.THE INCOME TAX OFFICER, WARD-17(2), HYDERABAD. 3.CIT(APPEALS)-5, HYDERABAD. 4.PR.CIT-5, HYDERABAD. 5.D.R. ITAT, HYDERABAD. 6.GUARD FILE.