M/S. ASTORIA LEATHERS, CHENNAI V. ITO, NCW - 13 (1), CHENNAI

ITA 2914/CHNY/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 9018 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 10 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-09-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 17-10-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

आयकर अपीलीय अिधकरण ‘सी’ Ɋायपीठ चेɄई मŐ। IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI माननीय ŵी महावीर िसंह, उपाȯƗ एवं माननीय ŵी मनोज कु मार अŤवाल ,लेखा सद˟ के समƗ। BEFORE HON’BLE SHRI MAHAVIR SINGH, VICE PRESIDENT AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No.2914/Chny/2019 (िनधाŊरण वषŊ / Assessment Year: 2012-13) M/s. Astoria Leathers 3 rd Floor, 78, Mount Road, Guindy, Chennai – 600 032. बनाम / Vs. ITO, Non Corporate Ward-13(1), Chennai. ̾थायी लेखा सं./जीआइ आर सं./PAN/GIR No. AADFA-4770-A (अपीलाथŎ/Appellant) : (ŮȑथŎ / Respondent) अपीलाथŎ की ओरसे/ Appellant by : Shri N. Arjun Raj (C.A) – Ld. AR ŮȑथŎ की ओरसे/Respondent by : Shri P. Sajit Kumar (JCIT) –Ld. DR सुनवाई की तारीख/Date of Hearing : 08-09-2022 घोषणा की तारीख /Date of Pronouncement : 08-09-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2012-13 arises out of the order of learned Commissioner of Income Tax (Appeals)-14, Chennai [CIT(A)] dated 10-09-2019 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 30-03-2015. The assessee is aggrieved by reduction in quantum of deduction claimed u/s 80-IB. 2. During hearing, it transpires that the issue is recurring in nature. In AYs 2008-09 & 2010-11, the Tribunal has passed order in ITA ITA No.2914/Chny/2019 - 2 - Nos.2673 & 2674/Mds/2014 on 27.12.2017 restoring the matter back to the file of Ld. AO for fresh consideration. The revenue challenged this order before Hon’ble High Court of Madras in TCA No.533 & 534 of 2018 which stood dismissed vide order dated 08.07.2020. The Hon’ble Court confirmed the stand of Tribunal which directed Ld. AO to verify the assessment order of the developer and decide the issue afresh in accordance with law. The Ld. AR has sought similar directions in this year and pleaded to restore the matter back to the file of Ld. CIT(A) since the earlier years are pending for adjudication before first appellate authority. The Ld. AR also submitted that additional issue of one acre as raised by Ld. AO in the assessment order may also be kept open for the sake of consistency. The Ld. Sr. DR could not controvert these facts. 3. Concurring with assessee’s submissions and to enable the revenue to take consistent stand in the matter, the issue is restored back to the file of Ld. CIT(A) for fresh adjudication keeping all the issues open. 4. The appeal stand allowed for statistical purposes. Order pronounced on 08 th September, 2022. Sd/- (MAHAVIR SINGH) उपाȯƗ /VICE PRESIDENT Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद˟ / ACCOUNTANT MEMBER चेɄई / Chennai; िदनांक / Dated : 08-09-2022 EDN/- आदेश की Ůितिलिप अŤेिषत/Copy of the Order forwarded to : 1. अपीलाथᱮ/Appellant 2. ᮧ᭜यथᱮ/Respondent 3. आयकर आयुᲦ (अपील)/CIT(A) 4. आयकर आयुᲦ/CIT 5. िवभागीय ᮧितिनिध/DR 6. गाडᭅ फाईल/GF