A.D.I.T. CIRCLE 2(2), MUMBAI V. UPS SCS (ASIA) LTD., MUMBAI

ITA 4591/MUM/2012

• Counselvise Citation: 459119914 RSA 2012
• Duration Of Justice: 1 year(s) 1 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-08-2013
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2006-2007
• Appeal Filed On: 06-07-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: PRIYANKA GADA

Judgement Text

, , , , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES F, MUMBAI .. , ! ' # $$, % ', & BEFORE SHRI R.S.SYAL, AM AND SHRI SANJAY GARG, JM ITA NO.4591/MUM/2012 : ASST.YEAR 2006-2007 THE ASSTT.COMMISSIONER OF INCOME-TAX (INTERNATIONAL TAXATION) 2(2) MUMBAI. M/S.UPS SCS (ASIA) LIMITED C/O.KPMG, LODHA EXCELUS APPOLLO MILLS COMPOUND N.M.JOSHI MARG, MAHALAKSHMI MUMBAI 400 011. PAN : AAACU8509M. ( '( / // / APPELLANT) * * * * / VS. ( +,'(/ RESPONDENT) '( - -- - . . . . / APPELLANT BY : SHRI SANJEEV JAIN +,'( - . - . - . - . / RESPONDENT BY : SHRI PRASHANT MAHESHWARI & MS.PRIYANKA GADA * - /! / / / / DATE OF HEARING : 12.08.2013 012 - /! / DATE OF PRONOUNCEMENT : 16.08.2013 ' 3 ' 3 ' 3 ' 3 / / / / O R D E R PER R.S.SYAL (AM) : THIS APPEAL BY THE REVENUE ARISES OUT OF THE ORDER PASSED BY THE COMMISSIONER OF INCOME-TAX (APPEALS) ON 25.04.2012 DELETING THE PENALTY IMPOSED U/S 271(1)(C) OF THE ACT, IN RELATI ON TO THE ASSESSMENT YEAR 2006-2007. 2. BRIEFLY STATED THE FACTS OF THE CASE ARE THAT TH E ASSESSING OFFICER IMPOSED PENALTY U/S 271(1)(C) OF THE ACT ON THE BAS IS OF CERTAIN ADDITIONS MADE IN THE ASSESSMENT ORDER PASSED U/S 1 43(3). THE TRIBUNAL, VIDE ITS ORDER IN QUANTUM PROCEEDINGS IN ITA NO.2426/MUM/2010 DATED 22 ND FEBRUARY, 2012, DELETED THESE ITA NO.4591/MUM/2012. M/S.UPS SCS (ASIA) LIMITED. 2 ADDITIONS. CONSEQUENTLY THE PENALTY SO IMPOSED BY T HE ASSESSING OFFICER WAS DELETED BY THE LEARNED CIT(A). 3. AFTER CONSIDERING THE RIVAL SUBMISSIONS AND PERU SING THE RELEVANT MATERIAL ON RECORD, WE FIND THAT THE LEARN ED CIT(A) HAS DELETED THE PENALTY ON THE PREMISE THAT THE ADDITIO NS, WHICH FORMED THE BEDROCK OF THE PENALTY, NO MORE STAND IN VIEW O F THEIR DELETION BY THE TRIBUNAL IN QUANTUM PROCEEDINGS. NO MATERIAL HA S BEEN PLACED ON RECORD TO DEMONSTRATE THAT THE ORDER PASSED BY THE TRIBUNAL IN QUANTUM PROCEEDINGS HAS BEEN REVERSED OR MODIFIED B Y THE HONBLE HIGH COURT. WE, THEREFORE, UPHOLD THE IMPUGNED ORDE R. 4. 4 /5 6 !4# - #/ 78 IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED ON THIS 16 TH DAY OF AUGUST, 2013. ' 3 - 012 9'*5 1 - $ SD/- SD/- (SANJAY GARG) (R.S.SYAL) % ' % ' % ' % ' / JUDICIAL MEMBER ! ' ! ' ! ' ! ' / ACCOUNTANT MEMBER MUMBAI ; 9'* DATED : 16 TH AUGUST, 2013. DEVDAS* ITA NO.4591/MUM/2012. M/S.UPS SCS (ASIA) LIMITED. 3 ' 3 - +%/:; < ;2/ ' 3 - +%/:; < ;2/ ' 3 - +%/:; < ;2/ ' 3 - +%/:; < ;2// COPY OF THE ORDER FORWARDED TO : 1. '( / THE APPELLANT 2. +,'( / THE RESPONDENT. 3. = () / THE CIT, MUMBAI. 4. = / CIT(A) 10, MUMBAI. 5. ;@$ +%/%* , , / DR, ITAT, MUMBAI 6. $A / GUARD FILE. ' 3* ' 3* ' 3* ' 3* / BY ORDER, ,;/ +%/ //TRUE COPY// B B B B/ // /7 # 7 # 7 # 7 # ( DY./ASSTT. REGISTRAR) , , , , / ITAT, MUMBAI