Shri Manibhai Virchandbhai Patel, Mehsana V. The Income Tax Officer, Mehsana

ITA 3433/AHD/2015

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 6354 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-01-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: Not Allotted
• Assessment Year: 2009-2010
• Appeal Filed On: 09-12-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Unexplained investment

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD C BENCH AHMEDABAD BEFORE, SHRI S. S. GODARA, JUDICIAL MEMBER AND SHRI AMARJIT SINGH, ACCOUNTANT MEMBER ITA NO. 3433/AHD/2015 (ASSESSMENT YEAR: 2009-10) SHRI MANIBHAI VIRCHAND PATEL APOLLO HOUSE, NR. SARDAR HALL, HIGHWAY ROAD, MEHSANA APPEL LANT VS. INCOME TAX OFFICER, WARD-2, MEHSANA RESPONDENT PAN: AHKPP8276C /BY ASSESSEE : SHRI SULABH PADSHAH, A.R. /BY REVENUE : SHRI PRASOON KABRA, SR. D.R /DATE OF HEARING : 02.01.2018 /DATE OF PRONOUNCEMENT : 04.01.2018 ORDER PER S. S. GODARA, JUDICIAL MEMBER THIS REVENUES APPEAL FOR ASSESSMENT YEAR 2010-11 A RISES AGAINST THE CIT(A)-1, AHMEDABADS ORDER DATED 26.05.2015 IN CAS E NO. CIT(A)-VI/ITO, WARD-1(2)/100/2013-14 NOW 44/CIT(A)-1, IN PROCEED INGS U/S.143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. 2. WE NOTICE AT THE OUTSET THAT THE ABOVE IMPUGNED PENALTY PERTAINS TO QUANTUM ADDITIONS OF UNEXPLAINED INVESTMENT IN LAND AMOUNTING TO RS.3,44,417/- ITA NO. 3433/AHD/15 [SHRI MANIBHAI V. PATEL VS. ITO ] A.Y. 2009-10 - 2 - STANDS DELETED IN ASSESSEES APPEAL ITA NO.596/AHD/ 2013 DECIDED ON 14.06.2016. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUT E THE CORRECTNESS OF THESE CLINCHING QUANTUM DEVELOPMENTS. WE THUS CONCLUDE T HAT THE IMPUGNED PENALTY HAS NO LEGS TO STAND. IT IS ACCORDINGLY DELETED. 3. THIS ASSESSEES APPEAL IS ALLOWED. [PRONOUNCED IN THE OPEN COURT ON THIS THE 04 TH DAY OF JANUARY, 2018.] SD/- SD/- (AMARJIT SINGH) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEM BER AHMEDABAD: DATED 04/01/2018 TRUE COPY S.K.SINHA / COPY OF ORDER FORWARDED TO:- / REVENUE 2 / ASSESSEE ! / CONCERNED CIT 4 !- / CIT (A) ( )*+ ,--. . / DR, ITAT, AHMEDABAD 1 +23 45 / GUARD FILE. BY ORDER / . / .