MANMEET KAUR CHUGH, MUMBAI V. ITO WD 20(2)(2), MUMBAI

ITA 421/MUM/2009

• Counselvise Citation: [2010] 136 COUNSELVISE.COM (IT) 0969 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-07-2010
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 07-04-2010
• Assessment Year: 2001-2002
• Appeal Filed On: 20-01-2009
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: KHUSHIRAM JODHWANI
• Section: 271(1)(c)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH B, MUMBAI BEFORE SHRI J. SUDHAKAR REDDY, AM AND SHRI V. DURG A RAO, JM I.T.A.NO. 420/MUM/2009 ASSESSMENT YEAR: 2001-02 SMT. MANJEET KAUR CHUGH, C/O. RITIKA GARG, C.A., J-222, 221, IIND FLOOR, TOWER -5, INTERNATIONAL INFOTECH PARK, VASHI STATION COMPLEX, NAVI MUMBAI PAN: AAGPC 0019 S VS. THE INCOME-TAX OFFICER, WARD 20(2)(2), MUMBAI. (APPELLANT) (RESPONDENT) I.T.A.NO. 421/MUM/2009 ASSESSMENT YEAR: 2001-02 SMT. MANMEET KAUR CHUGH, C/O. RITIKA GARG, C.A., J-222, 221, IIND FLOOR, TOWER -5, INTERNATIONAL INFOTECH PARK, VASHI STATION COMPLEX, NAVI MUMBAI PAN: AIUPK 3042 J VS. THE INCOME-TAX OFFICER, WARD 20(2)(2), MUMBAI. (APPELLANT) (RESPONDENT) APPELLANTS BY : SHRI KHUSHIRAM JODHWANI RESPONDENT BY : SHRI NARESH BALODIA/HARI GOVIND SIN GH O R D E R PER J. SUDHAKAR REDDY, AM: BOTH THESE APPEALS FILED BY TWO DIFFERENT ASSESSE ES ARE DIRECTED AGAINST SEPARATE AND IDENTICAL ORDERS DATED 29.11.2006 AND 04.11.2008 OF THE COMMISSIONER OF INCOME-TAX(APPEALS)-XX, MUMBAI, FOR THE ASSESSMENT YEAR 2001- 02. 2. AFTER HEARING THE RIVAL CONTENTIONS, WE FIND THA T THE PENALTY UNDER SECTION 271(1)(C) HAS BEEN LEVIED ON THE ISSUE OF BROKERAGE PAYMENTS. THE ADDITION MADE ON ACCOUNT OF DISALLOWANCE OF BROKERAGE PAYMENT CLA IMED HAS BEEN DELETED BY THE MUMBAI BENCH B OF THE TRIBUNAL IN THE ASSESSEES OWN CASE IN ITA NOS. ITA NOS.420 & 421/M/09 . 2 1488/MUM/07 AND ITA NO. 1489/M/07, ORDER DATED 22.1 2.2008. AS THE QUANTUM ADDITION IS DELETED, THE PENALTIES LEVIED CANNOT B E SUSTAINED. 3. IN THE RESULT, BOTH THESE APPEALS ARE ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 29 TH DAY OF JULY, 2010. SD. SD. (V. DURGA RAO) (J. SUDHAKAR REDDY) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED THE 29 TH JULY, 2010. KN COPY TO: 1. THE ASSESSEE 2. THE REVENUE 3. THE CIT -XX, MUMBAI. 4. THE CIT(A)-XX, MUMBAI 5. THE DR B BENCH, MUMBAI BY ORDER /TRUE COPY/ ASST. REGISTRAR, ITAT, MUMBAI ITA NOS.420 & 421/M/09 . 3