DCIT Circle-1, Noida V. JE Energy venture Pvt Ltd, Noida

ITA 1562/DEL/2020

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 1787 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 10 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-07-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 07-09-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 6; 63; 2; 143(3); 43

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” DELHI BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER & SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER I.T.A. No.1562/DEL/2020 Assessment Year 2012-13 Deputy Commissioner of Income Tax, Circle-1, Noida. v. M/s. JE Energy Venture Pvt. Ltd., (Formerly known as M/s. Jubilant Enpro Pvt. Ltd.), Plot No.1A, Sector-16A, Noida. TAN/PAN: AAACE0653L (Appellant) (Respondent) Appellant by: Shri Rishabh Malhotra, Adv. Respondent by: Shri Rajesh Kumar, CIT-DR Date of hearing: 27 07 2022 Date of pronouncement: 29 07 2022 O R D E R PER PRADIP KUMAR KEDIA, A.M.: The captioned appeal has been filed by the Re venue against the order of the Co mmissioner of Inco me Tax (Appeals)- I, Noida [‘CIT(A) ’ in short], dated 14.02.2020 arising fro m the assessment order dated 11.12.2017 passed by the Assessing Officer (AO) un der Section 143(3) r.w. S ection 263 of the Inco me Tax Act, 1961 (the Act) concerning AY 2012-13. 2. As p er its g ro u nds o f ap p eal, th e R ev en u e h as ch alle n g ed certa in ad d it io n s o r d isal lo wan ces mad e in th e as sess men t fra med b y th e Assessin g Officer u n d er Sect io n 1 43 (3 ) r.w. Sectio n 2 6 3 o f th e Act wh ich wer e rev ersed b y th e CIT(A). I.T.A. No.1562/Del/2020 2 3 . Wh en th e mat ter was cal led fo r h ea rin g , th e ld . co u n sel fo r th e assesse e su b mi tted th a t th e Co -o rd in ate Ben ch of Trib u n al in ITA No .3 92 7 /Del/2 0 16 o rd er d ated 4 t h Ju ly , 2 0 1 8 h as q u ash ed th e rev isio n al o rd er p assed u n d er Sectio n 2 6 3 o f th e Act. It was th u s p o in ted o u t th at i n th e ab sen ce o f a n y ju risd ictio n u n d er Sectio n 2 6 3 , th e co n seq u en tia l assess men t o rd er u n d er Sectio n 1 4 3 (3) u n d er ch allen g e d o es n o t surv iv e eith er. As a co ro llary , th e p resen t li tig a tio n p ro p ag ated o n b ehal f o f th e Rev en u e p ales in to in sig n ific an ce an d h as n o leg to st an d . 4 . Th e ld . DR fo r t h e Rev en u e fa irly ad mit ted th e fac tu al p o sitio n . In th e l i g h t o f th e su b mi s sio n s mad e o n beh alf o f th e assesse e an d th e ap p ella te o rd er o f th e Co -o rd in ate Ben ch in rev isio n al p ro ceed i n g s as n o ted ab o v e, we fin d th at in th e ab sen ce o f an y v alid ju risd i ctio n ex erc ised b y th e rev is io nal co mmi ssio n er, th e o rd er p assed un d er Sectio n 1 43 (3) r.w. Sectio n 2 6 3 h as lo st it s v ery fo un d atio n . Hen ce, th e l it ig at io n arisin g fro m su ch o rd er h as lo st i ts su b stratu m. Th e Rev en u e ap peal fo r th is reaso n can n o t be en terta in ed . Th u s, th e ap p eal o f th e R ev en u e is d i smisse d . 5 . In th e resu l t, th e a p p eal o f th e Rev en u e is d is miss ed . Order was pronounced in the open Court on 29/07/2022. Sd/- Sd/- [KUL BHARAT] [PRADIP KUMAR KEDIA] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: /07/2022 Prabhat