ACIT, New Delhi V. M/s. Exotique Export, New Delhi

ITA 3233/DEL/2014

• Counselvise Citation: [2016] 121 COUNSELVISE.COM (IT) 4296 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 6 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-12-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 06-12-2016
• Assessment Year: 2008-2009
• Appeal Filed On: 26-05-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ANIL KUMAR SHARMA SENIOR
• Section: 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH B BB B : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT AND AND AND AND SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO . .. . 3233/DEL/2014 3233/DEL/2014 3233/DEL/2014 3233/DEL/2014 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 2008 2008 2008 2008 - -- - 09 0909 09 ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -22( 22( 22( 22(1), 1),1), 1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, Z ZZ Z- -- -45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, PHASE PHASE PHASE PHASE- -- -II, II,II, II, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. PAN : AAAFE1843K. PAN : AAAFE1843K. PAN : AAAFE1843K. PAN : AAAFE1843K. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI ANIL KUMAR SHARMA, SENIOR DR. RESPONDENT BY : SHRI SATYAJEET GOEL, CA. DATE OF HEARING : 06.12.2016 06.12.2016 06.12.2016 06.12.2016 DATE OF PRONOUNCEMENT : 13.12.2016 13.12.2016 13.12.2016 13.12.2016 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP : :: :- -- - THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2008-09 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-VI, NE W DELHI DATED 28 TH FEBRUARY, 2014. 2. THE REVENUE HAS RAISED THE FOLLOWING GROUNDS OF APPEAL :- 1. ON THE FACTS AND ON THE CIRCUMSTANCES OF THE CA SE, WHETHER THE LD.CIT(A) WAS RIGHT IN DIRECTING THE AO TO FOLLOW THE DECISION AND PARTICULARLY THE DIRECTIONS AND RA TIO OF JURISDICTIONAL HIGH COURT IN MAXOPP INVESTMENT LTD VS CIT (2012) 312 ITR 272 (DELHI)/(2011) 203 TAXMAN 364 (D EL) WHILE DELETING THE ADDITION OF RS.36,66,405/- UNDER SECTION 14A RULE (8D) OF THE INCOME TAX ACT, 1961. 2. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CAS E THE IMPUGNED ORDER PASSED BY THE LD.CIT(A) IS PERVERSE BOTH IN FACTS AND LAW. ITA-3233/DEL/2014 2 3. THE APPELLANT CRAVES LEAVE TO ADD, ALTER OR AMEN D ANY OF THE GROUNDS OF APPEAL BEFORE OR DURING THE C OURSE OF HEARING OF THE APPEAL. 3. WE HAVE HEARD THE ARGUMENTS OF BOTH THE SIDES AN D HAVE PERUSED THE MATERIAL PLACED BEFORE US. AFTER CONSI DERING THE ARGUMENTS OF BOTH THE SIDES, IN OUR OPINION, THE ON LY ANSWER TO THE GROUND RAISED BY THE REVENUE CAN BE YES. ALL GOV ERNMENT AUTHORITIES ACTING WITHIN THE TERRITORIAL JURISDICT ION OF HON'BLE JURISDICTIONAL HIGH COURT ARE BOUND BY THE DECISION OF HON'BLE JURISDICTIONAL HIGH COURT. THEREFORE, WHEN LEARNED CIT(A) HAS DIRECTED THE ASSESSING OFFICER TO FOLLOW THE DECISION/DIRECT ION OF HON'BLE JURISDICTIONAL HIGH COURT IN MAXOPP INVESTMENT LTD. VS. CIT [2012] 347 ITR 272 (DELHI), IT CANNOT BE SAID THAT HE WAS NOT RIGHT. WE, THEREFORE, UPHOLD THE ORDER OF LEARNED CIT(A) AND D ISMISS THE APPEAL FILED BY THE REVENUE. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 13.12.2016 . SD/- SD/- (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : ASSISTANT COMMISSIONE ASSISTANT COMMISSIONE ASSISTANT COMMISSIONE ASSISTANT COMMISSIONER OF INCOME TAX, R OF INCOME TAX, R OF INCOME TAX, R OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -22(1), NEW DELHI. 22(1), NEW DELHI. 22(1), NEW DELHI. 22(1), NEW DELHI. 2. RESPONDENT : M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, M/S EXOTIQUE EXPORT, Z ZZ Z- -- -45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, 45, OKHLA INDUSTRIAL AREA, PHASE PHASE PHASE PHASE- -- -II, NEW DELHI. II, NEW DELHI. II, NEW DELHI. II, NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR