M/s. Dhanlaxmi Developers, Pune V. Deputy Commissioner of Income-tax, Circle - 8, Pune

ITA 1888/PUN/2018

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 6889 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 7 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 11-12-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Set aside
• Section: 271(1)(c); 143(3); 133A

Judgement Text

आयकर अपीलीय अधिकरण “ए” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.1888/PUN/2018 धििाारण वर्ा / Assessment Year : 2013-14 M/s. Dhanlaxmi Developers, M/s. R.G. Bhilare & Co., Chartered Accountants, Plot No. 9, Jatan Niwas, Off Pune Satara Road, Ruturaj Soc., Pune-411037 PAN : AAIFD6372L .......अपीलार्थी / Appellant बिाम / V/s. Dy. Commissioner of Income Tax, Circle – 8, Pune ......प्रत्यर्थी / Respondent Assessee by : Ms. Diksha Agarwal Revenue by : Shri S.P. Walimbe सुनवाई की तारीख / Date of Hearing : 14-07-2022 घोषणा की तारीख / Date of Pronouncement : 15-07-2022 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 07-09-2018 passed by the Commissioner of Income Tax (Appeals)-6, Pune [‘CIT(A)’] for assessment year 2013-14. 2 ITA No.1888/PUN/2018, A.Y. 2013-14 2. The only issue is to be decided is as to whether the CIT(A) justified in confirming the penalty imposed by the AO u/s. 271(1)(c) of the Act in the facts and circumstances of the case. 3. At the outset, we note that there was a survey u/s. 133A of the Act conducted in the business premises of the assessee on 05-02-2013. During the said survey, the assessee declared income of Rs.1,04,87,640/- as undisclosed income. Thereafter, the assessee filed return of income declaring total income of Rs.1,18,52,080/- and the same was accepted by the AO by completing assessment u/s. 143(3) of the Act. As matter stood thus, the AO initiated penalty proceedings u/s. 271(1)(c) of the Act for escaped income on the ground that the assessee would not have declared Rs.1,18,52,080/- as undisclosed income had no survey taken place. We note that admittedly, the assessee filed return of income declaring total income of Rs.1,18,52,080/- which is inclusive of undisclosed income as declared during the course of survey which was admitted by the respondent-revenue. We find when the respondent-revenue accepted return income, there is no income escaped on which no penalty is leviable. Therefore, the order of CIT(A) is not justified and it is set aside. Thus, the grounds raised by the assessee are allowed. 4. In the result, the appeal of assessee is allowed. Order pronounced in the open court on 15 th July, 2022. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 15 th July, 2022. रदव 3 ITA No.1888/PUN/2018, A.Y. 2013-14 आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-6, Pune 4. The Pr. CIT-5, Pune 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, “ए” बेंच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदचव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune