M/S. JOHNSON & JOHNSON LTD, MUMBAI V. THE DCIT RG 5(2), MUMBAI

ITA 3262/MUM/2008

• Counselvise Citation: [2013] 120 COUNSELVISE.COM (IT) 5210 (ITAT-MUMBAI)
• Duration Of Justice: 5 year(s) 5 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-10-2013
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: J
• Next Hearing Date: 24-10-2013
• Assessment Year: 2000-2001
• Appeal Filed On: 09-05-2008
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: K C PATNAIK

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL J , BENCH, MUMBAI , BEFORE SHRI H.L.KARWA , PRESIDENT & SHRI N.K.BILLAIYA , AM ITA NO . 3262 / MUM/ 20 08 ( ASSESSMENT YEAR : 20 0 0 - 20 0 1 ) JOHNSON & JOHNSON LTD., 30, FORJETT STREET, MUMBAI - 400 036 VS. DCIT RG.5(2), MUMBAI PAN/GIR NO. : A A ACJ 0866 E ( APPELLANT ) .. ( RESPONDENT ) /ASSESSEE BY : M R . M.P.LOHIA & MR. NIKHIL TIWARI /REVENUE BY : MR. K.C.PATNAIK . DATE OF HEARING : 2 4 TH DATE OF PRONOUNCEMENT : 2 4 TH OCTOBER, 2013 O R D E R PER N.K.BILLAIYA , AM : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE CIT(A) - V , MUMBAI , DATED 28 - 2 - 2008 , PERTAINING TO ASSESSMENT YEAR 20 0 0 - 200 1 . 2 . THE GRIEVANCE OF THE ASSESSEE RELATES TO THE LEVY OF PENALTY UNDER SECTION 271(1)(C) OF THE ACT. 3 . AT THE VERY OUTSET, LEARNED COUNSEL FOR THE ASSESSEE BROUGHT TO OUR NOTICE THE ORDER OF THE TRIBUNAL IN ASSESSEES OWN CASE FOR ASSESSMENT YEARS 2000 - 01 & 2001 - 02, PASSED IN ITA NO S . 3289 & 9437 /M/ 2004, VIDE ORDER DATED 15 - 2 - 2013 . IT IS SAY OF THE LEARNED COUNSEL THAT THE TRIBUNAL HAS RESTORED THE QUANTUM ADDITION BACK TO THE FILES OF THE AO FOR DECIDING IT AFRESH. ITA NO. 3262 / 08 2 4 . LEARNED DR FAIRLY CONCEDED TO THE ABOVE SUBMISSION OF THE LEARNED COUNSEL FOR THE ASSESSEE. 5 . WE HAVE CAREFULLY PE RUSED THE ORDERS OF THE LOWER AUTHORITIES AND THE ORDER OF THE TRIBUNAL PLACED BEFORE US IN ASSESSEES OWN CASE IN QUANTUM APPEALS. WE FIND THAT THE TRIBUNAL IN PARA 3 AT PAGE 2 OF ITS ORDER HAS RESTORED THE QUANTUM ADDITION BACK TO THE FILES OF THE AO. TH E BASIS FOR THE LEVY OF PENALTY DOES NOT SURVIVE FOR THE MOMENT. ACCORDINGLY, WE ALLOW THE APPEAL OF THE ASSESSEE. 6 . RESULTANTLY , THE APPEAL OF THE ASSESSEE IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 4 /10/ 2013 . SD/ - ( ) ( H.L.KARWA ) SD/ - ( ) ( N.K.BILLAIYA ) / PRESIDENT / ACCOUNTANT MEMBER MUMBAI ; D ATED : 2 4 /10 /2013 /PKM , PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) , MUMBAI. 4. / CIT 5. / DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY// / BY ORDER, ( ASSTT. REGISTRAR) / ITAT, MUMBAI