Vijay Kumar Reddy , Karimnagar V. Asst. Commissioner of Income Tax, Circle-1, Karimb

ITA 1993/Hyd/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3193 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 8 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-06-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-A
• Next Hearing Date: 29-04-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 03-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 271(1)(c)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER I.T.A. NO. 1993/HYD/2018 ASSESSMENT YEAR: 2014-15 SRI A.VIJAY KUMAR REDDY, JAGTIAL [PAN: AYTPA2710L] VS ASST.COMMISSIONER OF INCOME TAX, CIRCLE-1, KARIMNAGAR (APPELLANT) (RESPONDENT) FOR ASSESSEE : SMT.S.SANDHYA, AR FOR REVENUE : SHRI SUNIL KUMAR PANDEY, DR DATE OF HEARING : 29-04-2021 DATE OF PRONOUNCEMENT : 15-06-2021 O R D E R PER S.S.GODARA, J.M. : THIS ASSESSEES APPEAL FOR AY.2014-15 ARISES FROM TH E CIT(A)-6, HYDERABADS ORDER DATED 18-07-2018 PASSED IN CASE NO.10047/2018-19/B2/CIT(A)-6, INVOLVING PROCEEDINGS U/S. 271(1)(C) OF THE INCOME TAX ACT, 1961 [IN SHORT, THE ACT]. 2. WE NOW ADVERT TO THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE CHALLENGING CORRECTNESS OF BOTH THE LOWER AU THORITIES ACTION IMPOSING SECTION 271(1)(C) PENALTY OF RS.1,30, 000/- IN ASSESSING OFFICERS ORDER DT.29-05-2017 AS UPHELD IN THE CIT(A)S LOWER APPELLATE ORDER. ITA NO. 1993/HYD/2018 :- 2 -: 3. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUTE AT THE OUTSET THAT THE ASSESSING OFFICERS PENALTY SHOW CAUS E NOTICE DT.11-12-2017 HEREINABOVE NOWHERE SPECIFIED AS TO WHETHER THE ASSESSEE HAD CONCEALED PARTICULARS OF HIS TAXABLE INCOME OR FURNISHED INACCURATE PARTICULARS OF SUCH AN INCOME AS CONTEMPLATED U/S.271(1)(C) OF THE ACT. HON'BLE JURIS DICTIONAL HIGH COURTS DECISION PR.CIT VS. BAISETTY REVATHI [3 98 ITR 88] (TELANGANA & AP) HOLDS THAT - SUCH A FAILURE RENDERS PENAL ACTION AS NOT SUSTAINABLE IN LAW . THE VERY LEGAL PREPOSITION ALSO STANDS REITERATED IN MOHD.FARHAN A.SHAIKH VS. DCIT (2021) [125 TAXMANN.C OM 253] (BOM) (FB) AS WELL. WE THEREFORE DELETE THE IMPUG NED PENALTY ON THIS PRECISE LEGAL ISSUE ALONE. 4. THIS ASSESSEES APPEAL IS ALLOWED IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH JUNE, 2021 SD/- SD/- (LAXMI PRASAD SAHU) (S.S.G ODARA) ACCOUNTANT MEMBER JUDICIAL MEM BER HYDERABAD, DATED: 15-06-2021 TNMM ITA NO. 1993/HYD/2018 :- 3 -: COPY TO : 1.SRI A.VIJAY KUMAR REDDY, 7-6-223 & 7-6-224, ASHOK NAGAR, JAGTIAL. 2.THE ASST.COMMISSIONER OF INCOME TAX, CIRCLE-1, KARIMNAGAR. 3.CIT(APPEALS)-6, HYDERABAD. 4.PR.CIT-2, HYDERABAD. 5.D.R. ITAT, HYDERABAD. 6.GUARD FILE.