Nidhi Mining Private Limited , Gujarat V. Income Tax Officer, Ward-16(2) , Hyderabad

ITA 203/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2846 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 4 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-06-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-B
• Assessment Year: 2012-2013
• Appeal Filed On: 13-02-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: KEERTHI KUMAR THAKER
• Section: 271(1)(c)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER I.T.A. NO. 203/HYD/2020 ASSESSMENT YEAR: 2012-13 NIDHI MINING PRIVATE LIMITED, GANDHIDHAM-KUTCH (GUJARAT) [PAN: AACCN0450E] VS INCOME TAX OFFICER, WARD-16(2), HYDERABAD (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI KEERTHI KUMAR THAKER, AR FOR REVENUE : SHRI ROHIT MUJUMDAR, DR DATE OF HEARING : 09-06-2021 DATE OF PRONOUNCEMENT : 16-06-2021 O R D E R PER S.S.GODARA, J.M. : THIS ASSESSEES APPEAL FOR AY.2012-13 ARISES FROM TH E CIT(A)-4, HYDERABADS ORDER DATED 06-11-2019 PASSED IN CASE NO.10007 / 19-20 / ITO, WD.16(2) / CIT(A)-4 / HYD / 19-20, INVOLVING PROCEEDINGS U/S. 271(1)(C) OF THE INCOME T AX 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.1,22, 70,000/- IN ASSESSING OFFICERS PENALTY ORDER DT.18-03-2019 A S UPHELD IN THE CIT(A)S LOWER APPELLATE ORDER. ITA NO. 203/HYD/2020 :- 2 -: 3. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUTE AT THE OUTSET THAT THE ASSESSING OFFICERS PENALTY SHOW CAUS E NOTICE DT.27-03-2015 NOWHERE SPECIFIED AS TO WHETHER TH E ASSESSEE HAD CONCEALED PARTICULARS OF HIS TAXABLE INC OME OR FURNISHED INACCURATE PARTICULARS OF SUCH AN INCOME AS CONTEMPLATED U/S. 271(1)(C) OF THE ACT. HON'BLE JURISD ICTIONAL 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 16 TH JUNE, 2021 SD/- SD/- (LAXMI PRASAD SAHU) (S.S.G ODARA) ACCOUNTANT MEMBER JUDICIAL MEM BER HYDERABAD, DATED: 16-06-2021 TNMM ITA NO. 203/HYD/2020 :- 3 -: COPY TO : 1.NIDHI MINING PRIVATE LIMITED, MAITRI BHAVAN, PLOT NO.18, SECTOR-8, GANDHIDHAM-370 201. 2.THE INCOME TAX OFFICER, WARD-16(2), HYDERABAD. 3.CIT(APPEALS)-4, HYDERABAD. 4.PR.CIT-4, HYDERABAD. 5.D.R. ITAT, HYDERABAD. 6.GUARD FILE.