JCIT (OSD), CORP CIR 1 (1), CHENNAI V. M/S ASIAN PEROXIDE LTD., CHENNAI

ITA 184/CHNY/2020

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 7158 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 10 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-11-2021
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 23-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Set aside

Judgement Text

आयकर अपीलीय अिधकरण, ‘बी’ ायपीठ, चे ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI ी वी दुगा राव, ाियक सद एवं ी मनोज कु मार अ%वाल, लेखा सद के सम' BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.184/Chny/2020 िनधा रण वष /Assessment Year: 2006-07 The Joint Commissioner of Income Tax (OSD), Corporate Circle-1(1), Chennai. Vs. M/s. Asian Peroxides Ltd., 44, Ispahani Building, Armenian Street, Chennai – 600 001. [PAN: AAACA 6213G] ( अपीलाथ /Appellant) (()थ+/Respondent) अपीलाथ+ की ओर से/ Appellant by : Mr. R. Vijayaraghavan, Advocate ()थ+ की ओर से /Respondent by : Mr. D.V. Subba Rao, Addl. JCIT सुनवाई की तारीख/Date of Hearing : 01.12.2021 घोषणा की तारीख /Date of Pronouncement : 01.12.2021 आदेश / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: This appeal filed by the Revenue is directed against the order of the learned Commissioner of Income Tax (Appeals)-1, Chennai in I.T.A No.245/CIT(A)-1/2013-14 dated 26.11.2019 relevant to the Assessment Year 2006-07. I.T.A No.184/Chny/2020 :- 2 -: 2. When this appeal is taken up for hearing, both the parties have submitted that the facts and circumstances involved in this appeal are similar to the appeals in the assessee’s own case in T.C(A) Nos.718/2017, 918 & 919 of 2014, the Hon’ble Madras High Court vide order dated 12.10.2020 remitted the matter back to the file of Assessing Officer (A.O) to adjudicate the appeals afresh in accordance with law after giving opportunity of hearing to the assessee. Thus, in this appeal both the parties have submitted that the issue involved in this appeal also may be remitted back to the file of A.O and direct the A.O to decide the appeal keeping in view of the judgment of the Hon’ble Jurisdictional High Court, supra, and decide the issue in accordance with law. 3. We have heard both the sides, perused the materials available on record and gone through the orders of the authorities below. We have considered the submissions made by the ld. counsel for the assessee as well as Ld. D.R. Accordingly, we set aside the order passed by the Ld. CIT(A) and remit the matter back to the file of A.O and direct the A.O to decide the issue afresh in accordance with law keeping in view of the directions given by the Hon’ble Jurisdictional High Court, supra. Thus, the appeal filed by the Revenue is allowed for statistical purposes. I.T.A No.184/Chny/2020 :- 3 -: 4. In the result, the appeal filed by the Revenue is allowed for statistical purposes. Order pronounced on 01 st December, 2021 in Chennai. Sd/- Sd/- (मनोज कु मार अ%वाल) ( MANOJ KUMAR AGGARWAL) लेखा सद /ACCOUNTANT MEMBER (वी दुगा राव) (V. DURGA RAO) ाियक सद /JUDICIAL MEMBER चे ई/Chennai, दनांक/Dated: 01 st December, 2021. EDN/- आदेश क ितिलिप अ ेिषत/Copy to: 1. अपीलाथ /Appellant 2. यथ /Respondent 3. आयकर आयु (अपील)/CIT(A) 4. आयकर आयु /CIT 5. िवभागीय ितिनिध/DR 6. गाड फाईल/GF