Rithwik Projects Private Limited, Hyderabad V. Asst. Commissioner of Income Tax, TDS Circle-2(1), Hyderabad

ITA 1332/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8607 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 6 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-B
• Next Hearing Date: 05-01-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 21-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: P MURALI MOHANA RAO
• Keywords: TDS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. A.Y. APPELLANT RESPONDENT 1330/HYD/18 2008 - 09 RITHWIK PROJECTS PRIVATE LIMITED, HYDERABAD [PAN: AABCR5748L] ASST.COMMISSIONER OF INCOME TAX, TDS CIRCLE-2(1), HYDERABAD 1331/HYD/18 2011 - 12 1332/HYD/18 2013 - 14 1333/HYD/18 2014 - 15 1334/HYD/18 2015 - 16 1335/HYD/18 2016 - 17 FOR ASSESSEE : SHRI P.MURALI MOHANA RAO, AR FOR REVENUE : SHRI ROHIT MUJUMDAR, DR DATE OF HEARING : 05-01-2021 DATE OF PRONOUNCEMENT : 11-01-2021 O R D E R PER BENCH : THESE SIX ASSESSEES APPEALS FOR AYS.2008-09, 2011- 12, 2013-14, 2014-15, 2015-16 & 2016-17 ARE DIRECTED AGA INST THE CIT(A)8, HYDERABADS ORDERS ALL DATED 16-03-2018 PASSED IN CASE NOS.10209/CIT(A)-8/HYD/2017-18, 10210/CIT(A )- 8/HYD/2017-18,10211/CIT(A)-8/HYD/2017-18, 10164/CIT (A)- 8/HYD/2017-18,10389/CIT(A)-8/HYD/2017-8&10205/CIT(A )- 8/HYD/2017-18 INVOLVING PROCEEDINGS U/S.221(1) OF TH E INCOME TAX ACT, 1961 [IN SHORT, THE ACT] HEARD BOTH THE PARTIES. CASE FILES PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE RAISED IN ALL THESE SIX APPEALS SEEKS TO REVERSE BOTH THE LOWER AUTHO RITIES ACTION IMPOSING U/S.221(1) PENALTY (I.E.,) RS.8501/- , RITHWIK PROJECTS PRIVATE LIMITED (GROUP) :- 2 -: RS.1,13,277/-, RS.12,88,947/-, RS.10,06,998/-, RS.7 ,39,032/- AND RS.4,06,599/-; ASSESSMENT YEAR WISE, RESPECTIVEL Y. 3. LEARNED COUNSELS SOLE ARGUMENT DURING THE COURSE OF HEARING IS THAT THE IMPUGNED PENALTIES ARE BASED ON T RACES PROCESSING AND THE CORRESPONDING DEMANDS NO LONGER SURVIVE AS PER ASSESSEES RECONCILIATION FILED ON RECORD DT.3 1-12-2020. THE REVENUES CASE ON THE OTHER HAND IS THAT THE INSTAN T ISSUE TO THIS EFFECT REQUIRES ASSESSING OFFICERS FACTUAL VER IFICATION. WE DEEM IT APPROPRIATE IN THESE PECULIAR FACTS TO RESTORE THE ASSESSEES IDENTICAL SOLE SUBSTANTIVE GRIEVANCE BACK TO THE ASSESSING OFFICER FOR HIS AFRESH FACTUAL VERIFICATION AS PER LAW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. 4. THESE ASSESSEES APPEALS ARE TREATED AS ALLOWED FO R STATISTICAL PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH JANUARY, 2021 SD/- SD/- (LAXMI PRASAD SAHU) (S.S.GO DARA) ACCOUNTANT MEMBER JUDICIAL MEM BER HYDERABAD, DATED: 11-01-2021 TNMM RITHWIK PROJECTS PRIVATE LIMITED (GROUP) :- 3 -: COPY TO : 1.RITHWIK PROJECTS PRIVATE LIMITED, C/O. P.MURALI & CO., CHARTERED ACCOUNTANTS, 6-3-655/2/3,1 ST FLOOR, SOMAJIGUDA, HYDERABAD. 2.THE ASST.COMMISSIONER OF INCOME TAX, TDS CIRCLE-2 (1), HYDERABAD. 3.CIT(APPEALS)-8, HYDERABAD. 4.CIT(TDS)-HYDERABAD. 5.D.R. ITAT, HYDERABAD. 6.GUARD FILE.