The DCIT, circle-2(2), Ahmedabad V. Parshwanath Corporation, Ahmedabad

ITA 26/AHD/2020

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 7308 (ITAT-AHMEDABAD)
• Duration Of Justice: 1 year(s) 10 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-11-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2012-2013
• Appeal Filed On: 02-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: BIREN SHAH
• Section: 263; 143(3); 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD [CONDUCTED THROUGH VIRTUAL AT AHMEDABAD] BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER& Ms. MADHUMITA ROY, JUDICIAL MEMBER I .T .A . N o . 2 6 /A hd / 2 0 20 ( A s s e s s me nt Y ea r : 20 1 2- 13 ) D e p ut y C o m m i ss io n er o f I nc o m e- ta x , C i r c le - 2 ( 2) , A h m e d a ba d V s . P ar s h w a na th C or p o r at io n 5 0, H ar s i dd h C h a mbe r s, A s hr a m R oa d , A h m ed a ba d- 3 8 00 14 [ P A N N o . A A B FP 9 05 8 J ] (Appellant) .. (Respondent) C . O . N o. 4 8 /A hd /2 02 0 ( in I TA N o . 2 6 / Ah d /20 20 ) ( A s s e s s me nt Y ea r : 20 1 2- 13 ) Pa r sh wa na th C or po r at io n 5 0, H ar s i dd h Ch a m be r s , A s h r a m R o a d, A h m ed ab ad - 38 00 1 4 Vs . D e put y Co m m i ss io n er o f I n c o m e- ta x, C ir c le - 2( 2 ) , A h m e d a b ad [ P A N N o . A A B FP 9 05 8 J ] (Appellant) .. (Respondent) Revenue by : Shri Mohd. Usman, CIT DR Assessee by : Shri Biren Shah, AR D a t e of H ea r i ng 30.11.2021 D a t e of P r o no u n ce me nt 30.11.2021 O R D E R PER Ms. MADHUMITA ROY - JM: The instant appeal filed by the Revenue is directed against the order dated 23.10.2019 passed by the Ld. CIT(A)-10, Ahmedabad arising out of the order dated 26.03.2015 passed by the ACIT, Circle-2(2), Ahmedabad under Section 143(3) of the Income Tax Act, 1961 (hereinafter referred as to “the Act”) for A.Y. 2012-13. The assessee has also filed a Cross Objection against the said appeal. ITA No.26/Ahd/2020 & CO No. 48/Ahd/2020 DCIT vs. Parshwanath Corporation Asst.Year –2012-13 - 2 - 2. It is submitted by the Ld. AR that the original order passed under Section 263 dated 26.03.2015 out of which the instant appeal arose was quashed by the Hon’ble ITAT in the appeal preferred by the assessee in ITA No. 900/Ahd/2017; a copy whereof has also been submitted before us. Since the very basis of the order impugned being the reopening under Section 263 of the Act has been quashed by the Hon’ble ITAT the consequential appeal and the C.O. as filed before us become infructuous as submitted by the Ld. AO which has not been controverted by the Ld. DR. 3. Taking into consideration the above submission made by the Ld. AR and upon perusal of the order passed by the Coordinate Bench in ITA No. 900/Ahd/2017 we find that both the ITA and C.O. have been infructuous. Hence, both the ITA and C.O. are dismissed as infructuous. 4. In the combined results, the appeal preferred by the Revenue is dismissed and C.O. preferred by the assessee is dismissed. This Order pronounced in Open Court on 30/11/2021 Sd/- Sd/- (WASEEM AHMED) (Ms. MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 30/11/2021 TANMAY, Sr. PS TRUE COPY आदेश क त ल प अ े षत/Copy of the Order forwarded to : 1. अपीलाथ / The Appellant 2. यथ / The Respondent. 3. संबं धत आयकर आय ु त / Concerned CIT 4. आयकर आय ु त(अपील) / The CIT(A)- 5. वभागीय त न ध, आयकर अपील!य अ धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड' फाईल / Guard file. आदेशान ु सार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपील य अ धकरण, अहमदाबाद / ITAT, Ahmedabad