The DCIT, Circle-1(1)(1), Ahmedabad V. M/s.Aakash Oil Field Services Pvt. Ltd., Ahmedabad

ITA 3071/AHD/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 8007 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 1 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 02-11-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: S N DIVATIA
• Keywords: Depreciation

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD B BENCH AHMEDABAD BEFORE, SHRI S. S. GODARA, JUDICIAL MEMBER AND SHRI MANISH BORAD, ACCOUNTANT MEMBER ITA NO. 3071/AHD/2015 (ASSESSMENT YEAR: 2011-12) DCIT, CIRCLE 1(1)(1), AHMEDABAD APPELLANT VS. M/S. AAKASH OIL FIELD SERVICE PVT. LTD., 52/B, NEW YORK TOWER-A, NR. THALTEJ CROSS ROAD, THALTEJ, S. G. HIGHWAY, AHMEDABAD 380 054 RESPON DENT PAN: AAACC6250F /BY REVENUE : SHRI PRASOON KABRA, SR. D.R. /BY ASSESSEE : SHRI S. N. DIVATIA, A.R. /DATE OF HEARING : 28.12.2017 /DATE OF PRONOUNCEMENT : 28.12.2017 ORDER PER S. S. GODARA, JUDICIAL MEMBER THIS REVENUES APPEAL FOR ASSESSMENT YEAR 2011-12 A RISES AGAINST THE CIT(A)-1, AHMEDABADS ORDER DATED 24.08.2015, IN CA SE NO. CIT(A)-VI/ACIT, CIR- 1/298/2014-15 (NOW 428/CIT(A)-1), REVERSING ASSES SING OFFICERS ACTION IMPOSING PENALTY OF RS.21,77,416/- RELATING TO QUAN TUM DISALLOWANCE OF EXCESS DEPRECIATION CLAIMED ON TRUCKS AND TRUCK MOUNTED EQ UIPMENTS OF RS.64,06,050/- ITA NO. 3071/AHD/15 [DCIT VS. AAKASH OIL FIELD SERV ICE PVT. LTD.] A.Y. 2011-12 - 2 - MADE IN ASSESSMENT ORDER DATED 30.01.2013, IN PROCE EDINGS U/S. 271(1)(C) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT EMERGES AT THE OUTSET THAT THE REVENUE HAS LO ST ITS CASE IN QUANTUM PROCEEDINGS SINCE THE CIT(A)-VI, AHMEDABADS ORDER DELETING THE ABOVE DISALLOWANCE STANDS UPHELD IN A CO-ORDINATES BENCH ORDER IN APPEAL ITA NO. 3207/AHD/2014 DISMISSED ON 23.08.2017. LEARNED DEP ARTMENTAL REPRESENTATIVE FAILS TO DISPUTE THAT THE IMPUGNED PENALTIES HAS NO LEGS TO STAND NOW BECAUSE OF ALL THESE INTERVENING QUANTUM DEVELOPMENTS. WE THEREFO RE DECLINE REVENUES SOLE SUBSTANTIVE GROUND RAISED IN THE INSTANT APPEAL SEE KING TO REVIVE THE ABOVE IMPUGNED PENALTY. 3. THIS REVENUES APPEAL IS DISMISSED. [PRONOUNCED IN THE OPEN COURT ON THIS THE 28 TH DAY OF DECEMBER, 2017.] SD/- SD/- ( MANISH BORAD ) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL M EMBER AHMEDABAD: DATED 28/12/2017 TRUE COPY S.K.SINHA / COPY OF ORDER FORWARDED TO:- / REVENUE 2 / ASSESSEE ! / CONCERNED CIT 4 !- / CIT (A) ( )*+ ,--. . /0 / DR, ITAT, AHMEDABAD 1 +23 45 / GUARD FILE. BY ORDER / . // . /0