Manjeera Projects , Hyderabad V. Dy. Commissioner of Income Tax , Circle-6(1), Hyderabad

ITA 1455/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3380 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 8 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-06-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-B
• Next Hearing Date: 08-04-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 19-09-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: D VIJAY KUMAR
• Section: 250; 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES : BENCH B HYDERABAD (THROUGH VIDEO CONFERENCE ) BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER I.T.A. NO S . 1455 TO 1457 /HYD./201 9 A .YS : 2010 - 11 TO 2012 - 13 M/S MANJEERA PROJECTS VS. D CIT , CIRCLE 6(1) HYDERABAD HYDERABAD [PAN: AAOFM0872C ] (APPELLANT) (RESPONDENT) FOR ASSESSEE: SHRI D. VIJAY KUMAR, AR FOR REVENUE: SHRI ROHIT MUJUMDAR, D.R. DATE OF HEARING : 08 /0 4 / 2021 DATE OF PRONOUNCEMENT : 1 0 /0 6 /2021 O R D E R PER S.S. GODARA, J.M. TH ESE ASSESSEES THREE APPEALS A RISE AGAINST THE CIT(A) - 6 HYDERABADS ORDER DATED 03.06.2019 PASSED IN CASE NO S . 10296, 10298 & 10299 /201 8 - 19 FOR A.Y S . 2010 - 11 TO 2012 - 13 INVOLVING PROCEEDINGS U/S 271 (1)(C ) OF THE INCOME TAX ACT, 1961 ; FOR SHORT THE ACT . HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. COMING TO THE ASSESSEES IDENTICAL SUBSTANTIVE GROUND CHALLENGING CORRECTNESS OF BOTH LEARNED LOWER AUTHORITIES ACTION IMPOSING SEC . 271(1)(C ) PENALTIES OF RS . 59,57,060/ - , RS12,17,953/ - AND RS.4,06,230/ - ; WE NOTICE THAT THE ASSESSING OFFICERS CORRESPONDING SHOW CAUSE NOTICES DATED 30 TH ITA NOS. 1455 TO 1457 /HYD/201 9 M/S MANJEERA PROJECTS, HYDERABAD 2 MARCH, 2013 AND 9.4.2015 NOWHERE SPECIFIED AS TO WHETHER IT I S INSTANCE OF CONCEALMENT OF PARTICULARS OF TAXABLE INCOME OR FURNISHING OF INACCURATE PARTICULARS OF SUCH INCOME; WHATSOEVER. 3. MR. ROHIT MUJUMDAR, LEARNED DR HAS QUOTED CASE LAWS STATING THAT SUCH A DEFAULT IS VERY MUCH CURABLE AS PER LATEST LEGAL DECISION IN VIEW OF THE FOLLOWING CASE LAWS. * DECISION IN THE CASE OF EARTHMOVING EQUIPMENT SERVICE CORPORATION, ITAT, MUMBAI E BENCH DATED 02 ND MAY, 2017 * SUNDARAM FINANCE LTD (2018) (HC) (MADRAS) REPORTED IN 93 TAXMANN.COM 250 DATED 23 RD APRIL, 2018 * ITAT HYDERABAD A - SMC BENCH ORDER IN ITA 1519/HYD/18 DATED 28.112017 IN JYOTHIRMOY YAMSANI VS. D.CIT, WARANGAL 4. WE FIND NO MERIT IN REVENUES INSTANT ARGUMENT SINCE NOT ONLY H ONBLE JURISDICTIONAL HIGH COURT DECISION IN PR . CIT VS BAISETTY REVATHI (2017) 398 ITR 88 (T&AP) AND ALSO HONBLE BOMBAY H IGH COURTS LATEST FULL BENCH JUDGEMENT IN MOHD FARHAN A SHEIK VS.. DCIT (2021) 125 TAXMA N .COM 253 (BOM.) H O LD THAT THE IMPUGNED INACTION ON THE ASSESSING AUTHORIT Y S PART VITIATES THE ENTIRE PROCEEDINGS. WE FOLLOW THE VERY REASONING MUTATIS MUTANDIS AND DIRECT THE ASSESSING OFFICER TO DELETE IMPUGNED PENALTIES. TH ESE ASSESSEES THREE APPEALS ARE ALLOWED. A COPY O F THIS COMMON ORDER BE PLACED IN THE RESPECTIVE CASE FILES. PRONOUNCED IN OPEN COURT ON 10 TH JUNE, 2021. SD/ - SD/ - (L.P. SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: THE 10 TH JUNE, 2021. * GMV ITA NOS. 1455 TO 1457 /HYD/201 9 M/S MANJEERA PROJECTS, HYDERABAD 3 COPY OF THE ORDER FORWARDED TO: 1. M/S MANJEERA PROJECTS, 711, 7 TH FLOOR, MANJEERA TRINITY CORPORATE, JNTU TO HITECH CITY ROAD, KPHB, HYDERABAD 500 072, TELANGANA 2. D CIT, CIRCLE 6 (1), HYDERABAD 3. ACIT, RANGE 6 , HYDERABAD. 4. CIT(A) - 6 , HYDERABAD 5. PR . CIT - 6 , HYDERABAD 6. DR, ITAT, HYDERABAD. 7. GUARD FILE.