M/S CONCRETE DEVELOPERS, Nagpur V. ACIT,C(C)-2(2), Nagpur

ITA 248/NAG/2018

• Counselvise Citation: [2023] 100 COUNSELVISE.COM (IT) 5969 (ITAT-NAGPUR)
• Duration Of Justice: 5 year(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-10-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Next Hearing Date: 16-10-2023
• Assessment Year: 2009-2010
• Appeal Filed On: 11-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 147; 148; 263; 143(3)

Judgement Text

आयकर अपीलीय अधिकरण न्यायपीठ नागपूर में । IN THE INCOME TAX APPELLATE TRIBUNAL, NAGPUR (Through Virtual Court) BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.248/NAG/2018 धनिाारण वर्ा / Assessment Year : 2009-10 M/s. Concrete Developers Pvt. Ltd., 151/152, Anjali Apartment, Gandhi Nagar, Nagpur PAN : AAAFC6294L .......अपीलार्थी / Appellant बनाम / V/s. The Pr. CIT, Central, Nagpur ......प्रत्यर्थी / Respondent Assessee by : Shri Kapil Hirani Revenue by : Shri Kailash G. Kanojiya सुनवाई की तारीख / Date of Hearing : 17-10-2023 घोषणा की तारीख / Date of Pronouncement : 30-10-2023 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 28-09-2018 passed by the Pr. Commissioner of Income Tax (Central), Nagpur u/s. 263 of the Act for assessment year 2009-10. 2 ITA No. 248/NAG/2018, A.Y. 2009-10 2. We note that the issue raised in this appeal is as to whether the Pr. CIT exercised his jurisdiction u/s. 263 of the Act and held the assessment order dated 21-12-2010 passed u/s. 143(3) of the Act as erroneous and prejudicial to the interest of Revenue. 3. On perusal of the record, we note that the above said assessment was reopened u/s. 147 of the Act by taking prior approval of Pr. CIT. In pursuance of the same, a notice u/s. 148 of the Act was issued and in response to which the assessee requested to AO to treat the original return filed on 26-09-2009. The AO accordingly basing on the seized impounded material as Annexure B-3, B-2, B-7 and B-8 along with cash book, individual ledger accounts and ledger account of labour charges showing the expenditure mentioned in Annexure B-2, B-3, B-7 and B-8, held the submissions of the assessee are in order, accepted return of income and reassessment order dated 31-12-2016 was passed u/s. 143(3) r.w.s. 148 of the Act. 4. Coming to the impugned order, we note that the issues as found by the Pr. CIT for initiation of 263 proceedings are same as the issues considered in reassessment proceedings which is evident from para 2 of the impugned order. Further, the Pr. CIT without considering the same, invoked revision jurisdiction on the assessment order dated 26-09-2009 passed u/s. 143(3) of the Act which is not in existence at the time of exercising jurisdiction u/s. 263 of the Act in view of reassessment order dated 31-12-2016. Therefore, the very initiation of 263 proceedings on the assessment order dated 26-09-2009 passed u/s. 143(3) of the Act which is not in existence, is bad under law. Thus, the order dated 28-09-2018 3 ITA No. 248/NAG/2018, A.Y. 2009-10 passed by the Pr. CIT u/s. 263 of the Act is bad under law and it is quashed. 5. In view of our decision in quashing the order of Pr. CIT passed u/s. 263 of the Act, the ground Nos. 1 to 3 raised by the assessee become academic, requiring no adjudication. 6. In the result, the appeal of assessee is allowed. Order pronounced in the open court on 30 th October, 2023. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 30 th October, 2023. रदव आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The Pr. CIT (Central), Nagpur. 4. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, नागपूर, / DR, ITAT, Nagpur. 5. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदिव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune