M/s. M.R. Oraganisation, Ahmedabad V. ITO, Ward-5(2)(5), Ahmedabad

ITA 2090/AHD/2018

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 9170 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 year(s) 1 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-11-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 07-10-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S.S. SHUKLA
• Section: 148; 43; 13

Judgement Text

, ‘A’ । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD (Convened through Virtual Court) BEFORE SHRI RAJPAL YADAV, VICE PRESIDENT AND SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER I.T .A . No . 20 90 /A h d/2 01 8 ( Ass e ss me nt Ye ar : 20 1 0 -11 ) M/s. M. R. Organ isation B-8, Capital Co mmer cial Center, Opp. Town Hall, Ellisbridge, Ah me dabad 380006 / Vs. Income Tax Offic er Ward 5(2)(5), 1 s t Floor, Nara yan Cha mber s, Nehru Bridge Cor ner, Ashra m Road, Ah medabad-380009 / /P A N / G IR N o . : A A G F M 2 5 4 6 P ( Appellant) . . ( / Respondent) /Appellant by : Sh ri S. N . Di va tia , A. R. /Respondent by : Shri S. S. Shukla, Sr.D.R. D ate o f He ari ng 29/10/2021 !"# /Dat e o f Pro n ou nc e men t 08/11/2021 द श/O R D E R PER PRADIP KUMAR KEDIA - AM: The c ap ti on ed a pp eal h as b ee n f ile d at the i ns ta nc e o f the ass es se e aga in st t he or de r of th e Co mmi s si on er of Inc o me Ta x (Ap pe al s) -5 , Ah m eda ba d (‘ CI T( A)’ in s ho rt ), da te d 13 .0 8. 20 18 ari si ng in t he as s ess me nt or de r da t ed 2 9. 12 .2 01 7 p as sed b y th e I T A N o . 2 0 9 0 / A h d / 1 8 [ M / s . M . R . O r g a n i s a t i o n V s . I T O ] A . Y . 2 0 1 0 - 1 1 - 2 - As ses si ng Of f icer (A O) un de r s. 1 43 (3) r .w .s . 14 7 of the In co me Tax A ct , 19 61 (t he Act ) co nc ern in g A Y 2 0 10- 11 . 2. The g ro un ds of a pp eal r ais ed b y a s se ss ee re ad here un de r: “ 1 . T h e l e a r n e d C I T A p p e a l h a s e r r e d i n l a w b y n o t a c c e p t i n g t h e l e g a l g r o u n d t h a t t h e n o t i c e i s s u e d b y u / s 1 4 8 w a s v o i d - a b - i n i t i o a n d c o n c l u d e d a s s e s s m e n t u n d e r s e c t i o n 1 4 7 w a s w i t ho u t h a v i n g p r o p e r j u r i s d i c t i o n . 2 . T h e l e a r n e d C I T A p p e a l h a s e r r e d i n f a c t s a n d la w b y n o t c o n s i d e r i n g t h e f a c t t h a t n o t i c e u / s 1 4 8 w a s i s s u e d b y A O m e r e l y o n t h e b a s e o f a u d i t o b j e c t i o n & n o t b y a p p l y i n g h er o w n m i n d . 3 . T h e l e a r n e d C I T A p p e a l h a s e r r e d i n f a c t s a n d l a w b y n o t a c c e p t i n g t h e f a c t t h a t i n t e r e s t o n p a r t n e r s ' c a p i ta l w a s f o r c e f u l l y f o i s t e d b y A O a n d d i s a l l o w a n c e o f s a m e am o u n t f r o m t h e t o t a l e x e m p t i o n c l a i m e d b y a p p e l l a t e f i r m u n d e r s e c t i o n 1 0 B w a s b a d i n l a w . ” 3. W h en th e ma tt er w as ca lle d f o r he ari ng, t he l earne d co un sel f or t he as se ss ee , at th e t i me of ma kin g ref er en ce to gro un ds of app ea l, in ter al ia poi nt ed ou t t ha t a s per th e o rd er gi vi ng a p pea l ef f ect dat ed 1 5. 11 . 20 18 p urs ua nt t o t he f irs t ap pe lla te ord er , ha s det er mi ne d t he r e vis ed to ta l in co me at N il as a ga inst the to ta l inc o me o ri gi na ll y det er mi ne d u nd e r s. 14 3( 3) of th e Ac t d ate d 30. 11 .2 01 1 a ls o a t Nil . On en qu ir y, t he lea rn ed coun se l su b mit te d tha t t he a ss es see d oes no t ap pe ar t o be p rej ud ic ed b y t he o rd er of the CI T( A) per se at t hi s st ag e. T hu s , he is w il li ng to w ith dr aw th e app ea l at t his s ta ge subj ec t to a ll re me die s th at be ma de a vai la bl e, if an y p re ju dic e is di s cov er ed at a la te r s tag e. T he l ear ne d DR f or th e Re ven ue a gr eed w it h t he p ro po se d wit h dra wa l. 4. Ha vin g re ga rd t o th e f air pl a y s ho wn o n be half of the a ss e sse e b y wi th dra wi n g t h e a ppe al o wi ng to lac k of i mpac t on tax at io n a s per ce iv ed, t he ap p eal is di s mis se d w ith ou t a dj ud ic ati on on me ri ts. I T A N o . 2 0 9 0 / A h d / 1 8 [ M / s . M . R . O r g a n i s a t i o n V s . I T O ] A . Y . 2 0 1 0 - 1 1 - 3 - It sha ll be o pe n t o the as se ss ee to av ai l al l re medie s a nd l ibe rt ie s a s ava il ab le un de r la w at a la te r sta ge , if so re qu ir ed. 5. In th e res ul t, t he ca pti on ed a pp eal of t he as se ss ee is d is m iss ed as wi th dr aw n. Sd/- Sd/- (RAJPAL YADAV) (P RADIP KUM AR KEDIA) VIC E PR ESI DENT ACC OUNTANT MEMB ER A h m e d a b a d : D a t e d 0 8 / 1 1 / 2 0 2 1 T R U E C O P Y S. K. SINHA ेश ! " #े" / Copy of Order Forwarded to:- & / Revenue 2 द / Assessee ( ) *+ , / Concerned CIT 4 , - / CIT (A) / 0 1 2 3 3 *+4 *+ #4 56द ) द / DR, ITAT, Ahmedabad 7 2 89 : / Guard file. By order/ द श 4 उ / 5 *+ #4 56द ) द । 1 . D a t e o f d i c t a t i o n o n 2 9 . 1 0 . 2 0 2 1 2 . D a t e o n w h i c h t h e t y p e d d r a f t i s p l a c e d b e f o r e t he D i c t a t i n g M e m b e r 2 9 . 1 0 . 2 0 2 1 3 . D a t e o n w h i c h t h e a p p r o v e d d r a f t c o m e s t o t h e S r .P . S . / P . S . 4 . D a t e o n w h i c h t h e f a i r o r d e r i s p l a c e d b e f o r e t h e D i c t a t i n g M e m b e r f o r p r o n o u n c e m e n t 5 . D a t e o n w h i c h t h e f a i r o r d e r c o m e s b a c k t o t h e S r. P . S . / P . S 6 . D a t e o n w h i c h t h e f i l e g o e s t o t h e B e n c h C l e r k 1 5. 1 1 . 2 0 2 1 7 . D a t e o n w h i c h t h e f i l e g o e s t o t h e H e a d C l e r k ... ... ... .... 8 . T h e d a t e o n w h i c h t h e f i l e g o e s t o t h e A s s t t . R e gi s t r a r f o r s i g n a t u r e o n t h e o r d e r ... ... ... ... ... ... ... ... 9 . D a t e o f D e s p a t c h o f t h e O r d e r ... ... ... This Order pronounced on 08/11/2021