Ranganathan Anantharaman, Coimbatore V. DCIT, NCC-4, , Coimbatore

ITA 1558/CHNY/2024

• Counselvise Citation: [2024] 129 COUNSELVISE.COM (IT) 0205 (ITAT-CHENNAI)
• Duration Of Justice: 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-09-2024
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 21-08-2024
• Assessment Year: 2022-2023
• Appeal Filed On: 21-05-2024
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SAMUEL PITTA LD
• Assessee Lawyers: N.V.BALAJI LD
• Section: 143(1)

Judgement Text

1 आयकर अपीलीय अिधकरण “ए” ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, CHENNAI माननीय ी एबी टी. वक , ाियक सद" एवं माननीय ी मनोज कु मार अ'वाल ,लेखा सद" के सम)। BEFORE HON’BLE SHRI ABY T. VARKEY, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ ITA No.1558/Chn y/2024 (िनधा*रणवष* / As sessment Year: 2022-23) Shri Ranganathan Anantharaman 37/ 2 &3 SAS garden 2 nd floor, Sri Ram Nagar Chokkampudur Road, Coimbatore-641 039. बनाम / Vs . DCIT Non-Corporate Circle-4 Coimbatore. थायीलेखासं./जीआइआरसं./PAN/GIR No. ADIPR-8127-N (अपीलाथ /Appellant) : ( थ / Respondent) अपीलाथ कीओरसे/ Appellant by : Shri N.V. Balaji (Advocate) -Ld.AR थ कीओरसे/Respondent by : Dr. Samuel Pitta (JCIT) -Ld. DR सुनवाईकीतारीख/Date of Hearing : 22-08-2024 घोषणाकीतारीख /Date of Pronouncement : 03-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The sole grievance of the assessee, in the captioned appeal, is application of correct rates of taxes. The impugned order has been passed by Learned Addl. / JCIT Commissioner of Income Tax (Appeals)- 2, Gurugram [CIT(A)] on 29-03-2024 in the matter of an intimation issued by CPC u/s 143(1) of the Act on 22-02-2023 raising certain demand against the assessee. This was on account of the fact that the assessee claimed concessional rate of tax u/s 115BAC which was computed by CPC under old regime i.e., at normal rates. The assessee laid its claim 2 on the strength of Form 10-IE which was filed on 22-03-2022 starting from AYs 2021-22. The assessee submitted that it was not required to exercise this option every year since option once exercised, would apply to subsequent years as well. However, CPC denied the benefit of the same. The Ld. CIT(A) confirmed the action of CPC on the ground that the return of income for AY 2021-22 was filed belatedly u/s 139(4). The benefits of Sec.115BAC would not be applicable for belated filings. Given the fact that the claim for the provisions of Sec.115BAC was not valid for AY 2021-22, the assessee did not fresh Form in this year. Aggrieved, the assessee is in further appeal before us. The Ld. AR has submitted that this form could be filed only once and since the assessee had already filed this form once, it could not file another form on the system / ITBA portal. In other words, the assessee is precluded from claiming the benefits in all the subsequent years also. 2. It is quite clear that the assessee, in clear terms, want to claim concessional benefit from AY 2021-22 onwards. For the said purpose, it has filed requisite Form No.10-IE on 22-03-2022. The said benefit has been denied for AY 2021-22 since the return of income has been filed belatedly. However, this benefit has been denied for AY 22-23 also despite the fact that the return of income has been filed in time. The same could not be held to be justified from any angle. If the view of Ld. CIT(A) is accepted, the assessee would be precluded forever to claim this concession. The Pune Bench of Tribunal in Akshay Devendra Birari (164 Taxmann.com 58) held that filing of this form was directory in nature. Since the form was made available to CPC at the time of processing of return of income, the benefit thereof would be available to the assessee. Under these circumstances, we direct CPC to provide the 3 impugned benefit and amend the intimation issued to the assessee taking into consideration Form No.10-IE as filed by the assessee on 22- 03-2022. 3. The appeal stand allowed. Order pronounced on 3 rd September, 2024 Sd/- Sd/- (ABY T. VARKEY) (MANOJ KUMAR AGGARWAL) ाियक सद" /JUDICIAL MEMBER लेखा सद" / ACCOUNTANT MEMBER चे4ई Chennai; िदनांक Dated :03-09-2024 DS आदेशकीIितिलिपअ'ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. थ /Respondent 3. आयकरआयु=/CIT Coimbatore. 4. िवभागीय ितिनिध/DR 5. गाडBफाईल/GF