M/s. P.Ramabhai Mohandas & Co., Ahmedabad V. The ACIT.,Cent,Circle-2(2), Ahmedabad

ITA 2423/AHD/2013

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 80327 (ITAT-AHMEDABAD)
• Duration Of Justice: 10 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-09-2014
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 08-08-2014
• Assessment Year: 2009-2010
• Appeal Filed On: 09-10-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M K SINGH SR DR

Judgement Text

, , , , C, IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD, C BENCH . .. . . .. . , !' !' !' !', , , , #$ %&'( #$ %&'( #$ %&'( #$ %&'(, , , , )* + ) ' )* + ) ' )* + ) ' )* + ) ' BEFORE S/SHRI G.C. GUPTA, VICE-PRESIDENT AND ANIL CHATURVEDI, ACCOUNTANT MEMBER) ITA NO.2423/AHD/2013 [ASSTT.YEAR : 2009-2010] M/S.P.RAMABHAI MOHANDAS & CO. 51, DEEP COMPLEX LIMBUPOLE, RATANPOLE AHMEDABAD 380 001. PAN : AAJFP 5640 A /VS. ACIT, CENT.CIR.2(2) AHMEDABAD. ( (( (-. -. -. -. / APPELLANT) ( (( (/0-. /0-. /0-. /0-. / RESPONDENT) 1& 2 3 )/ ASSESSEE BY : SHRI CHIRAG SHAH + 2 3 )/ REVENUE BY : SHRI M.K. SINGH, SR.DR 5 2 &(*/ DATE OF HEARING : 8 TH AUGUST, 2014 678 2 &(*/ DATE OF PRONOUNCEMENT : 05/09/2014 )9 / O R D E R PER G.C. GUPTA, VICE-PRESIDENT: THIS APPEAL BY THE ASSESSEE FOR THE ASSTT.YEAR 2009-2010 IS DIRECTED AGAINST THE OR DER OF THE CIT(A). 2. THE ONLY EFFECTIVE GROUNDS OF THE APPEAL OF THE ASSESSEE ARE AS UNDER: 1. THE PENALTY ORDER PASSED U/S. 271(1)(C) OF THE ACT BY AO AND CONFIRMED BY FIRST APPELLATE AUTHORITY IS BAD IN LA W AND DESERVES TO BE UNCALLED FOR. ITA NO.2423/AHD/2013 -2- 2. THE AO AND FIRST APPELLATE AUTHORITY HAS ERRED I N LAW AND ON FACTS IN LEVYING THE PENALTY OF RS.6,00,000/-. THE SAME DESERVES TO BE DELETED. 3. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED T HAT THE ONLY ISSUE IN THESE GROUNDS OF THE APPEAL IS REGARDING LEVY OF PE NALTY UNDER SECTION 271(1)(C) OF THE ACT. HE SUBMITTED THAT THE ITAT, AHMEDABAD BENCH IN QUANTUM APPEAL OF THE ASSESSEE FOR THE RELEVANT ASS TT.YEAR 2009-2010 IN ITA NO.2908/AHD/2011 ORDER DATED 29.4.2014 HAS DELE TED THE ADDITION, AND THEREFORE, THERE REMAINS NO BASIS FOR LEVY OF P ENALTY UNDER SECTION 271(1)(C) OF THE ACT. THE LEARNED DR COULD NOT CON TROVERT THE SUBMISSIONS MADE BY THE LEARNED COUNSEL FOR THE ASS ESSEE. 4. WE HAVE CONSIDERED RIVAL SUBMISSIONS AND PERUSED THE ORDERS OF THE AO AND THE CIT(A). WE FIND THAT IN THE QUANTUM APP EAL OF THE ASSESSEE, THE ITAT, AHMEDABAD VIDE ITS ORDER DATED 29.4.2014 (SUPRA) FOR THE RELEVANT ASSTT.YEAR 2009-10 HAS DELETED THE ADDITIO N MADE, AND THEREFORE, WE HOLD THAT THERE REMAINS NO BASIS FOR LEVY OF PEN ALTY UNDER SECTION 271(1)(C) OF THE ACT, AND ACCORDINGLY, THE PENALTY LEVIED IS CANCELLED AND THE GROUNDS OF THE APPEAL OF THE ASSESSEE ARE ALLOW ED. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS ALLOWED . ORDER PRONOUNCED IN OPEN COURT ON THE DATE MENTIONE D HEREINABOVE. SD/- SD/- ( %&'( %&'( %&'( %&'( / ANIL CHATURVEDI) )* + )* + )* + )* + /ACCOUNTANT MEMBER ( . .. . . .. . /G.C. GUPTA) !' !' !' !' /VICE-PRESIDENT C OPY OF THE ORDER FORWARDED TO: 1) : APPELLANT 2) : RESPONDENT 3) : CIT(A) 4) : CIT CONCERNED 5) : DR, ITAT.