FGR Logistics Pvt Ltd, New Delhi V. ACIT Circle-9(1), New Delhi

ITA 4560/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 9963 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 7 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-01-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 20-05-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SRI PRAKASH DUBEY
• Keywords: Bogus Share capital; Unexplained expenditure; Difference of opinion; Change of opinion; Set aside
• Section: 69C; 143(3); 143(1); 195; 13; 147; 68; 148; 2; 139

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES SMC-2 : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER ITA.NO.4560/DEL./2019 ASSESSMENT YEAR 2010-2011 FGR LOGISTICS PVT. LTD., SHOP NO.3, ZAKHIRA CHARA MANDI, NEW DELHI. PIN 110 015 PAN AAACF5892N [ VS. THE ACIT, CIRCLE 9(1), NEW DELHI. (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI SHANTANU JAIN, ADVOCATE FOR REVENUE : MR. SRI PRAKASH DUBEY, SR.DR DATE OF HEARING : 23.12.2020 DATE OF PRONOUNCEMENT : 01.01.2021 ORDER PER BHAVNESH SAINI, J.M. THIS APPEAL BY ASSESSEE HAS BEEN DIRECTED AGAINST THE ORDER OF THE LD. CIT(A)-34, NEW DELHI, DATED 18.02.2019, FOR THE A.Y. 2010-2011, CHALLENGING THE RE- ASSESSMENT PROCEEDINGS UNDER SECTIONS 147/148 OF TH E I.T. ACT, 1961, ADDITION OF RS.10 LAKHS ON ACCOUNT OF SH ARE 2 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. CAPITAL UNDER SECTION 68 OF THE I.T. ACT, 1961 AND ADDITION OF RS.17,500/- ON ACCOUNT OF COMMISSION PAID. 2. WE HAVE HEARD THE LEARNED REPRESENTATIVES OF BOTH THE PARTIES THROUGH VIDEO CONFERENCING AND PER USED THE MATERIAL ON RECORD. 3. BRIEFLY THE FACTS OF THE CASE ARE THAT ASSESSEE COMPANY FILED RETURN OF INCOME ON 29.09.2011 DECLAR ING TOTAL INCOME OF RS.31,74,650/-. SUBSEQUENTLY, IT WA S REVISED TO THE SAME INCOME WHICH WAS PROCESSED UNDER SECTIO N 143(1). THE A.O. ISSUED NOTICE UNDER SECTION 148 OF THE I.T. ACT ON 29.03.2017. THE ASSESSEE IN RESPONSE THERETO FILED LETTER DATED 20.04.2017 [PB-26] SUBMITTING THEREIN THAT THE RETURN FILED UNDER SECTION 139 OF THE I.T. ACT MAY BE CONSIDERED AS RETURN FILED IN RESPONSE TO THE NOTIC E UNDER SECTION 148 OF THE I.T. ACT, 1961. THE ASSESSEE REQ UESTED FOR SUPPLY OF THE REASONS FOR RE-ASSESSMENT PROCEEDINGS WHICH WERE PROVIDED TO THE ASSESSEE ON 21.11.2017. THE AS SESSEE FILED OBJECTIONS TO THE RE-ASSESSMENT PROCEEDINGS W HICH WERE DISPOSED OF BY THE A.O. BY SPEAKING ORDER. TH E A.O. NOTED THAT IN ASSESSMENT YEAR UNDER APPEAL ASSESSEE HAS 3 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. RECEIVED SHARE APPLICATION MONEY OF RS.10 LAKHS FRO M M/S. ATTRACTIVE FINLEASE PVT. LTD., ON 08.02.2010. INFOR MATION WAS RECEIVED FROM THE DDIT (INV.) THAT IT WAS A BOG US SHARE CAPITAL. THE A.O. AFTER GIVING AN OPPORTUNITY OF BE ING HEARD TO THE ASSESSEE, MADE ADDITION OF RS.10 LAKHS ON AC COUNT OF UNEXPLAINED SHARE CAPITAL UNDER SECTION 68 OF THE I .T. ACT, 1961 AND FURTHER MADE ADDITION OF RS.17,500/- ON AC COUNT OF UNEXPLAINED EXPENDITURE UNDER SECTION 69C OF THE I.T. ACT, 1961. THE LD. CIT(A) DISMISSED THE APPEAL OF A SSESSEE. 4. LEARNED COUNSEL FOR THE ASSESSEE REFERRED TO PB -1 [PAPER BOOK PAGE NOS.1 TO 32] WHICH IS LETTER DATED 25.04.2017 FILED BEFORE A.O. REQUESTING FOR SUPPLY OF THE REASONS FOR REOPENING OF THE ASSESSMENT ON WHICH TH ERE IS A STAMP OF THE REVENUE DEPARTMENT. HE HAS SUBMITTED T HAT PRIOR TO THAT ASSESSEE FILED LETTER DATED 20.04.201 7 PB-26 INTIMATING THE A.O. THE RETURN FILED ORIGINALLY MAY BE TREATED AS RETURN FILED IN RESPONSE TO NOTICE UNDER SECTION 148 OF THE I.T. ACT, 1961. HE HAS SUBMITTED THAT DESPITE A SSESSEE MADE A REQUEST FOR SUPPLY OF THE REASONS FOR REOPEN ING OF THE ASSESSMENT ON 25.04.2017, BUT, SAME HAVE BEEN 4 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. SUPPLIED TO THE ASSESSEE ONLY ON 21.11.2017. THE AS SESSEE IMMEDIATELY ON THE SAME DAY ON 21.11.2017 FILED OBJ ECTIONS AGAINST THE INITIATION OF RE-ASSESSMENT PROCEEDINGS , COPY OF WHICH IS FILED AT PAGE NOS.28 TO 50 OF THE PB. HE H AS SUBMITTED THAT A.O. HAS DISPOSED OF THE OBJECTIONS OF THE ASSESSEE VIDE ORDER DATED 05.12.2017 PB-51 AND 52. HE HAS SUBMITTED THAT A.O. IMMEDIATELY AFTER DISPOSING OF THE OBJECTIONS OF THE ASSESSEE ON 05.12.2017 PASSED THE IMPUGNED ASSESSMENT ORDER UNDER SECTION 147 READ WI TH SECTION 143(3) ON 28.12.2017. THEREFORE, A.O. HAS N OT GIVEN FOUR WEEKS TIME TO THE ASSESSEE TO SEEK LEGAL REMED Y AFTER REJECTION OF THE OBJECTIONS AND WITHIN 23 DAYS PASS ED THE ASSESSMENT ORDER. THEREFORE, REOPENING OF THE ASSES SMENT IS CLEARLY BAD IN LAW AND IS NULLITY AND LIABLE TO BE QUASHED. IN SUPPORT OF HIS CONTENTION, HE HAS RELIED UPON THE O RDER OF THE ITAT, DELHI A-SMC BENCH IN THE CASE OF SMT. KAM LESH GOEL, DELHI VS., INCOME TAX OFFICER, WARD-59(3), NE W DELHI IN ITA.NO.5730/DEL./2017, DATED 30.08.2018 WHICH IS REPRODUCED AS UNDER : 5 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI 'A-SMC' BENCH,: NEW DELHI BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND SHRI KULDIP SINGH, JUDICIAL MEMBER ITA NO. 5730/DEL/2017 [ASSESSMENT YEAR: 2009-10] SMT. KAMLESH GOEL VS. THE I.T.O 22, 2ND FLOOR, WARD 59(3) CHITRA VIHAR NEW DELHI. DELHI PAN : AGHPG 4212 H [APPELLANT] [RESPONDENT ] DATE OF HEARING : 28.08 .2018 DATE OF PRONOUNCEMENT : 30.0 8.2018 ASSESSEE BY : SHRI P.C. YADAV, ADV REVENUE BY : SHRI D.S. RAWAT, SR.DR ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, THIS APPEAL BY THE ASSESSEE IS PREFERRED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX [APPEAL S]- 19, NEW DELHI DATED 31.07.2017 PERTAINING TO ASSESS MENT YEAR 2009-10. 2. VIDE LETTER DATED 01.03.2018, THE ASSESSEE HAS REVISED THE GROUNDS OF APPEAL, WHICH READ AS UNDER: 6 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. '1. THE ORDER PASSED BY THE CIT(A) IS BAD IN LAW AN D ON FACTS OF THE CASE. 2. THE CIT(A) HAS ERRED IN AFFIRMING THE JURISDICTI ON OF AO UNDER SECTION 147 READ WITH 148, IGNORING THA T THE AO HAS NOT FOLLOWED THE PROCEDURE OF LAW AS PROPOUNDED BY THE HON'BLE APEX COURT IN GKN DRIVE S HAFT CASE 259 ITR 19(SC) 3. THE CIT(A) HAS ERRED IN LAW AND ON FACTS IN NOT QUASHING THE JURISDICTION OF THE AO U/S 147 IN VIEW OF THE FACTS THAT THE AO HAS NOT FOLLOWED THE DUE PROC ESS OF LAW AS HELD BY THE APEX COURT IN GKN DRIVE SHAFT (SUPRA) BEFORE FRAMING THE REASSESSMENT 4. THE CIT(A) HAS FURTHER ERRED IN NOT APPRECIATING THAT AO HAS PROCEEDED TO ASSESS THAT INCOME WHICH D OES NOT FORM PART OF REASONS RECORDED PARTICULARLY WHEN THE INCOME FOR WHICH THE AO HAS ASSUMED JURISDICTION HA S BEEN ACCEPTED BY THE AO. 5. THE CIT(A) HAS FURTHER ERRED BY PARTLY ALLOWING THE ADDITION MADE BY LD. INCOME TAX OFFICE, UNDER SECTION 147 / 143(3) OF THE INCOME TAX ACT, 1961 FROM RS. 14,06 060/- TO RS. 5,09,193/-, IS LEGALLY AND 7 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. FACTUALLY INCORRECT AND HAS BEEN MADE BY RECORDING FACTUALLY INCORRECT FINDINGS.' 3. FACTS ON RECORD SHOW THAT THE ASSESSEE IS AN INDIVIDUAL AND ENGAGED IN THE BUSINESS OF CLOTH TRADING. RETURN FOR THE YEAR WAS FILED ON 31.07.200 9 DECLARING AN INCOME OF RS 2,93,743/-. THE RETURN SO FILED WAS PROCESSED U/S 143(1) OF THE INCOME-TAX ACT , 1961 [HEREINAFTER REFERRED TO AS 'THE ACT' FOR SHOR T]. THEREAFTER, THE CASE OF THE ASSESSEE WAS REOPENED U /S 147 OF THE ACT ON 28.03.2016. ON 04.07.2016, REASON S FOR REOPENING ASSESSMENT WERE PROVIDED TO THE ASSES SEE AND ON 13.07.2016, THE ASSESSEE FILED OBJECTIONS TO THE REASONS SO RECORDED. THE OBJECTIONS RAISED BY THE ASSESSEE WERE DISPOSED OFF BY THE ASSESSING OFFICER ON 13.12.2016. HOWEVER, THE ASSESSING OFFICER FRAMED ASSESSMENT U/S 143(3) OF THE ACT VIDE ORDER DATED 30.12.2016. 4. THE BONE OF CONTENTION IS AS TO WHETHER THE ASSESSING OFFICER HAS RIGHTLY FRAMED THE IMPUGNED O RDER WITHIN 16 DAYS OF DISPOSING OF THE OBJECTIONS OF TH E ASSESSEE. 8 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. 5. THE ANSWER IS GIVEN BY THE COORDINATE BENCH IN THE CASE OF METAPLAST ENGINEERING P. LTD IN ITA NO. 5780/DEL/2014 WHEREIN THE CO- ORDINATE BENCH HAS CONSIDERED THE JUDGMENT OF THE HON'BLE BOMBAY HIGH COURT IN THE CASE OF BHARAT JAYANTILAL PATEL 378 IT R 596. THE RELEVANT FINDING READS AS UNDER: 'FURTHER, IN VIEW OF THE DECISION OF THE HON'BLE BOMBAY HIGH COURT IN THE CASE OF BHARAT JAYANT PATEL (SUPRA) , LEARNED AO SHOULD HAVE ALLOWED FOUR WEEKS' TIME TO THE ASSESSEE TO SEEK THEIR LEGAL REMEDIES AFTER REJECTION OF THE OBJECTIONS OF THE ASSESSEE. IN VIEW OF THE FACT THAT THE AO HAS DISPOSED OF THE OBJECTIONS OF THE ASSESSEE ON 22.11.11 AND PASSED THE ASSESSMENT ORDER ON 19.12.2011, IT IS CLEAR THAT NO SUCH TIME WAS GRANTED TO THE ASSESSEE. ' 6. THE RELEVANT OBSERVATIONS OF THE HON'BLE HIGH COURT OF BOMBAY IN BHARAT JAYANTILAL PATEL [SUPRA] READS AS UNDER: '21. FOR THE FIRST CONTENTION OF MR.PARDIWALLA TO BE CONSIDERED, IT IS MATERIAL TO NOTE THAT ON 11TH SEPTEMBER, 2014 THE PETITIONER 9 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. ADDRESSED A DETAILED COMMUNICATION SETTING OUT HIS OBJECTIONS TO THE RECORDED REASONS. THESE OBJECTIONS WHICH ARE ELABORATE RUN INTO ABOUT 9 PAGES. THEREAFTER, THE PETITIONER POINTED OUT ON 8TH DECEMBER, 2014 THAT HE WAS REQUIRED TO ATTEND THE OFFICE OF THE DEPUTY COMMISSIONER OF INCOME TAX ON 9TH DECEMBER, 2014. HE POINTED OUT AS TO HOW THE REASONS WERE SUPPLIED AND HOW THEY HAVE BEEN DEALT WITH AND OBJECTED TO BY HIM. THE PETITIONER SPECIFICALLY REQUESTED THE ASSESSING OFFICER NOT TO PROCEED WITH THE SCHEDULED HEARING TILL THE OBJECTIONS RAISED TO THE REASONS HAVE BEEN DISPOSED OF BY A SPEAKING ORDER. 22. ON 5TH MARCH, 2015 A COMMUNICATION WAS ADDRESSED TO THE PETITIONER WHICH PURPORTED TO REJECT HIS OBJECTIONS. THE OBJECTIONS HAVE NOT BEEN REFERRED TO IN DETAIL BUT WHAT HAS BEEN STATED IS THAT THE CASE HAS NOT BEEN REOPENED MERELY ON THE BASIS OF A CHANGE OF OPINION. THE FACT THAT CAME TO LIGHT DURING THE ASSESSMENT PROCEEDINGS FOR ASSESSMENT YEAR 2011-12 ARE THE BASIS FOR REOPENING THE CASE PERTAINING TO THE ASSESSMENT YEAR 2007-08. SINCE THE PETITIONER IS 10 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. STATED TO HAVE FILED A NEW RETURN OF INCOME, HE WAS CALLED UPON TO ATTEND THE OFFICE WITH THE INFORMATION REQUIRED ON 13TH MARCH, 2015. THE PETITIONER ADDRESSED A LETTER ON 12TH MARCH, 2015 AND POINTED OUT THAT THE COMMUNICATION DATED 5TH MARCH, 2015 WAS RECEIVED ON 12TH MARCH, 2015, BUT NO SPEAKING ORDER HAS BEEN PASSED REJECTING THE OBJECTIONS AND WHICH IS REQUIRED BY THE LAW LAID DOWN IN THE CASE OF GKN DRIVESHAFT (INDIA) LTD. V/S. INCOME TAX OFFICER REPORTED IN (2003) 259 ITR 19 AND ASIAN PAINTS LTD. V/S. DEPUTY COMMISSIONER OF INCOME TAX & ANR. REPORTED IN (2009) 308 ITR 195 (BOM). THE PETITIONER SPECIFICALLY INVITED THE ATTENTION OF THE ASSESSING OFFICER TO THE DIRECTIONS IN THE CASE OF ASIAN PAINTS (SUPRA) AND TO THE EFFECT THAT IF THE ASSESSING OFFICER DOES NOT ACCEPT THE OBJECTIONS TO THE REOPENING OF THE ASSESSMENT OR THE REASONS RECORDED, HE SHALL NOT PROCEED FURTHER IN THE MATTER WITHIN A PERIOD OF FOUR WEEKS FROM THE DATE OF RECEIPT OR SERVICE OF THE SAID ORDER ON THE ASSESSEE. SINCE THE ORDER DATED 5TH MARCH, 2015 IS STATED TO BE REJECTING THE OBJECTIONS, THEN, THE 11 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. ASSESSEE PRAYED THAT FOR A PERIOD OF FOUR WEEKS FROM THAT ORDER, NO STEPS SHOULD BE TAKEN. 23. HOWEVER, AS HAS BEEN RIGHTLY CONTENDED BY MR. PARDIWALLA, IGNORING THIS MANDATE IN THE DECISIONS OF THIS COURT AND THE HON'BLE SUPREME COURT WHICH HAS BEEN FURTHER REITERATED IN M/S.ARONI COMMERCIALS LTD. (SUPRA), THE IMPUGNED ASSESSMENT ORDER HAS BEEN PASSED, THAT IS DATED 27TH MARCH, 2015. THAT IS CLEARLY WITHIN THE PERIOD OF FOUR WEEKS FROM 5TH MARCH, 2015. THE FIRST CONTENTION OF MR.PARDIWALLA, THEREFORE, DESERVES ACCEPTANCE AS NOTHING CONTRARY TO THE SAME HAS BEEN PLACED BEFORE US.' 7. RESPECTFULLY FOLLOWING THE SAME, WE HOLD THAT THE ASSESSMENT ORDER DATED 30.12.2016 FRAMED U/S 147 R.W.S 143(3) OF THE ACT IS BAD IN LAW AND DESERVES TO BE QUASHED. 8. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IN ITA NO. 5730/DEL/2017 IS ALLOWED. 5. ON THE OTHER HAND, LD. D.R. SUBMITTED THAT THER E WAS A DELAY ON THE PART OF THE ASSESSEE IN FILING T HE 12 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. OBJECTION AND JUDGMENT OF HONBLE BOMBAY HIGH COURT RELIED UPON BY DELHI BENCH IS NOT APPLICABLE TO THE FACTS BECAUSE IT IS NOT JURISDICTIONAL HIGH COURT. THE LD . D.R. SUBMITTED THAT EVEN NO SUFFICIENT TIME IS GIVEN BY THE A.O. AFTER DISPOSING OF THE OBJECTIONS OF THE ASSESSEE. THE MATTER MAY BE REMANDED TO THE A.O. FOR DOING THE NEEDFUL A S PER LAW AND IN SUPPORT OF HIS CONTENTION HE HAS RELIED UPON THE JUDGMENT OF HONBLE GUJRAT HIGH COURT IN THE CASE O F PR. CIT-2, VADODARA VS., SAGAR DEVELOPERS IN TAX APPEAL NO.797/2015 ETC., DATED 20/21.07.2016. 6. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. IT IS NOT IN DISPUT E THAT ASSESSEE IMMEDIATELY AFTER RECEIPT OF NOTICE UNDER SECTION 148 OF THE I.T. ACT, 1961, DATED 29.03.2017 FILED L ETTER DATED 20.04.2017 INTIMATING THAT RETURN FILED ORIGI NALLY MAY BE TREATED AS RETURN HAVING BEEN FILED IN RESPONSE TO NOTICE UNDER SECTION 148 OF THE I.T. ACT, 1961 [PB-26]. TH IS FACT IS ALSO MENTIONED BY THE A.O. IN THE ASSESSMENT ORDER. THE A.O. HAS ALSO MENTIONED IN THE ASSESSMENT ORDER THA T ASSESSEE THEREAFTER REQUESTED FOR SUPPLY OF THE REA SONS 13 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. RECORDED FOR RE-ASSESSMENT PROCEEDINGS WHICH WERE PROVIDED TO THE ASSESSEE ON 21.11.2017. THE ASSESSE E HAS FILED COPY OF THE LETTER DATED 25.04.2017 WHICH WAS FILED TO THE A.O. ASKING FOR COPIES OF THE REASONS RECORDED FOR REOPENING OF THE ASSESSMENT. IT BEARS THE STAMP OF THE REVENUE DEPARTMENT ALSO. THUS, IT IS CLEAR THAT ASS ESSEE IMMEDIATELY ASKED FOR COPY OF THE REASONS FOR REOPE NING OF THE ASSESSMENT ON 25.04.2017 AFTER FILING EARLIER L ETTER DATED 20.04.2017. THUS, THERE IS NO DELAY ON THE PA RT OF THE ASSESSEE ASKING FOR COPY OF THE REASONS RECORDED FO R RE- ASSESSMENT PROCEEDINGS. IT IS AN ADMITTED FACT THAT REASONS WERE SUPPLIED TO THE ASSESSEE ONLY ON 21.11.2017 AN D ASSESSEE ON THE SAME DAY FILED THE OBJECTIONS TO TH E REOPENING OF THE ASSESSMENT WHICH HAVE BEEN DISPOSE D OF VIDE ORDER DATED 05.12.2017 [PB-51]. THE A.O. WITHI N 23 DAYS AFTER DISPOSING OF THE OBJECTIONS OF THE ASSES SEE PASSED THE IMPUGNED RE-ASSESSMENT ORDER DATED 28.12.2017. THUS, NO TIME OF FOUR WEEKS HAVE BEEN GRANTED TO THE ASSE SSEE TO TAKE REMEDIAL ACTION IN THE MATTER. THE ISSUE IS TH US COVERED BY ORDER OF ITAT, DELHI A-SMC BENCH, DELHI IN THE 14 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. CASE OF SMT. KAMLESH GOEL, DELHI VS., ITO, WARD 59( 3), NEW DELHI (SUPRA) IN WHICH THE TRIBUNAL HAS FOLLOWED TH E DECISION OF HONBLE BOMBAY HIGH COURT IN THE CASE O F BHARAT JAYANTILAL PATEL 378 ITR 596 (BOM.) IN WHICH THE JUDGMENT OF HONBLE SUPREME COURT IN THE CASE OF GK N DRIVESHAFT (INDIA) LTD., VS., ITO [2003] 259 ITR 19 (SC) IS ALSO CONSIDERED. THUS, FOLLOWING THE SAME WE HOLD T HAT RE- ASSESSMENT ORDER DATED 28.12.2017 FRAMED UNDER SECT ION 147/143(3) OF THE I.T. ACT, 1961, IS BAD IN LAW AND DESERVES TO BE QUASHED. IN VIEW OF THE ABOVE , THE DECISION OF THE HONBLE GUJRAT HIGH COURT IN THE CASE OF PR. CIT-2, VADODARA VS., SAGAR DEVELOPERS (SUPRA) CITED BY THE LD. D.R. WOULD NOT SUPPORT THE CASE OF THE REVENUE. FURTHER IT IS WELL SETTLED LAW THAT IF THERE ARE TWO VIEWS ARE POSSIBL E, THEN THE VIEW IN FAVOUR OF THE ASSESSEE SHALL HAVE TO BE FOL LOWED FOR DECIDING THE MATTER IN DISPUTE. THEREFORE, THE CONT ENTION OF THE LD. D.R. IS REJECTED THAT MATTER MAY BE REMANDE D TO THE A.O. FOR DOING THE NEEDFUL. IN VIEW OF THE ABOVE, W E SET ASIDE THE ORDERS OF THE AUTHORITIES BELOW AND QUASH THE R E- ASSESSMENT PROCEEDINGS. RESULTANTLY, ALL ADDITIONS STAND 15 ITA.NO.4560/DEL./2019 FGR LOGISTICS PVT. LTD., NEW DELHI. DELETED. IN VIEW OF THE ABOVE, THERE IS NO NEED TO DECIDE THE OTHER ISSUES RAISED IN THE APPEAL AS WELL AS CONTEN TIONS RAISED BEFORE US BECAUSE THE SAME ARE LEFT WITH ACA DEMIC DISCUSSION ONLY. ACCORDINGLY, APPEAL OF THE ASSESSE E IS ALLOWED. 7. IN THE RESULT, APPEAL OF THE ASSESSEE ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (ANIL CHATURVEDI) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DELHI, DATE 01 JANUARY, 2021 VBP/- COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT(A) CONCERNED 4. CIT CONCERNED 5. D.R. ITAT SMC-2 BENCH, DELHI 6. GUARD FILE. // BY ORDER // ASSISTANT REGISTRAR, ITAT DELHI BENCH ES : DELHI.