M/s. Pragati Vanijaya Limited, New Delhi V. DCIT, New Delhi

ITA 2277/DEL/2014

• Counselvise Citation: 227720114 RSA 2014
• Duration Of Justice: 1 year(s) 5 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-10-2015
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC 1
• Next Hearing Date: 21-09-2015
• Assessment Year: 2007-2008
• Appeal Filed On: 15-04-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AMRIT LAL
• Assessee Lawyers: SHUBHAM RASTOGI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH SMC SMC SMC SMC- -- -1 11 1 : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA, VICE , VICE , VICE , VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT ITA NO ITA NO ITA NO ITA NO . .. . 2277/DEL/2014 2277/DEL/2014 2277/DEL/2014 2277/DEL/2014 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 2007 2007 2007 2007 - -- - 08 0808 08 M/S PRAGATI VANIJAYA LIMITED, M/S PRAGATI VANIJAYA LIMITED, M/S PRAGATI VANIJAYA LIMITED, M/S PRAGATI VANIJAYA LIMITED, 129, TRANSPORT CENTRE, 129, TRANSPORT CENTRE, 129, TRANSPORT CENTRE, 129, TRANSPORT CENTRE, NEW ROHTAK ROAD, NEW ROHTAK ROAD, NEW ROHTAK ROAD, NEW ROHTAK ROAD, PUNJABI BAGH, PUNJABI BAGH, PUNJABI BAGH, PUNJABI BAGH, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 026. 110 026. 110 026. 110 026. PAN : AAACP1685P. PAN : AAACP1685P. PAN : AAACP1685P. PAN : AAACP1685P. VS. VS. VS. VS. DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -14(1), 14(1), 14(1), 14(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI SHUBHAM RASTOGI, ADVOCATE. RESPONDENT BY : SHRI AMRIT LAL, DR. DATE OF HEARING : 21.09.2015 21.09.2015 21.09.2015 21.09.2015 DATE OF PRONOUNCEMENT : 05.10.2015 05.10.2015 05.10.2015 05.10.2015 ORDER ORDER ORDER ORDER THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2007-0 8 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-XVII, N EW DELHI DATED 1 ST JANUARY, 2014. 2. THE ONLY EFFECTIVE GROUND OF APPEAL OF THE ASSESSEE IS AS UNDER:- THAT THE CIT(A) HAS, IN VIEW OF THE FACTS AND CIRCUMSTANCES OF THE CASE AND IN LAW, HAS GROSSLY ERRED I N UPHOLDING THE PENALTY LEVIED BY LD.AO OF RS.14,30,55 0/- AND THE APPELLATE ORDER PASSED IS ILLEGAL AND BAD IN L AW. 3. LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT ALL TH E ADDITIONS MADE IN THE ASSESSMENT OF THE ASSESSEE HAVE BEEN DELETED IN APPEAL BY THE TRIBUNAL IN THE QUANTUM APPEAL OF THE ASSESSEE F OR THE RELEVANT ASSESSMENT YEAR 2007-08 IN ITA NO.193/DEL/2011, ORDER D ATED 16 TH ITA-2277/DEL/2014 2 JANUARY, 2015 AND, THEREFORE, THERE REMAINS NO BASIS F OR SUSTAINING PENALTY U/S 271(1)(C) OF THE INCOME-TAX ACT, 1961. 4. LEARNED DR COULD NOT CONTROVERT THE SUBMISSIONS OF THE LEARNED COUNSEL FOR THE ASSESSEE. 5. I HAVE CONSIDERED THE SUBMISSIONS OF BOTH THE SIDES AND PERUSED THE ORDER OF THE ASSESSING OFFICER AND THE LEARNED CIT (A). I FIND THAT THE ADDITIONS MADE IN THE ASSESSMENT OF THE ASSESSEE HAVE BE EN DELETED BY THE TRIBUNAL IN THE QUANTUM APPEAL OF TH E ASSESSEE FOR THE RELEVANT ASSESSMENT YEAR 2007-08 VIDE ITS ORDER DATED 16 TH JANUARY, 2015 (SUPRA) AND, THEREFORE, THERE REMAINS NO BASIS TO SUSTAIN THE PENALTY IMPOSED U/S 271(1)(C) OF THE ACT, WHICH IS ACC ORDINGLY CANCELLED AND THE GROUND OF APPEAL OF THE ASSESSEE IS A LLOWED. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALLOWED. DECISION PRONOUNCED IN THE OPEN COURT ON 5 TH OCTOBER, 2015. SD/- (G. (G. (G. (G. C. GUPTA C. GUPTA C. GUPTA C. GUPTA ) )) ) VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : M/S PRAGATI VANIJAYA L M/S PRAGATI VANIJAYA L M/S PRAGATI VANIJAYA L M/S PRAGATI VANIJAYA LIMITED, IMITED, IMITED, IMITED, 129, TRANSPORT CENTRE, NEW ROHTAK ROAD, 129, TRANSPORT CENTRE, NEW ROHTAK ROAD, 129, TRANSPORT CENTRE, NEW ROHTAK ROAD, 129, TRANSPORT CENTRE, NEW ROHTAK ROAD, PUNJABI BAGH, NEW DELHI PUNJABI BAGH, NEW DELHI PUNJABI BAGH, NEW DELHI PUNJABI BAGH, NEW DELHI 110 026. 110 026. 110 026. 110 026. 2. RESPONDENT : DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -14(1), NEW DELHI. 14(1), NEW DELHI. 14(1), NEW DELHI. 14(1), NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR