SINGHBHUM GRAMODYOG VIKAS SANSTHAN, JAMSHEDPUR V. ITO EXEMPTION WARD , JAMSHEDPUR

ITA 48/RAN/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 9036 (ITAT-RANCHI)
• Duration Of Justice: 1 year(s) 6 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-07-2020
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: DB
• Assessment Year: 2015-2016
• Appeal Filed On: 31-01-2019
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: A. K. MOHANTI
• Assessee Lawyers: ARPIT JAIN
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, RANCHI, ECO URT,AT KOLKATA BEFORE SHRI S.S. GODARA, JM &DR. A.L.SAINI, AM ./ITA NO.48/RAN/2019 ( / ASSESSMENT YEAR:2015-16) SINGHBHUM GRAMODYOG VIKAS SANSTHAN (SGVS) C/O, M/S ANJALI JAIN & ASSOCIATES, CHARTERED ACCOUNTANTS, NEAR GURU NANAK SCHOOL, P. P. COMPOUND, RANCHI VS. ITO, EXEMPTION, JAMSHEDPUR ./ ./PAN/GIR NO.: AADTS 1849 N (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI ARPIT JAIN, CA RESPONDENT BY :SHRI A. K. MOHANTI, ADDL. CIT SR. DR / DATE OF HEARING : 13/07/2020 /DATE OF PRONOUNCEMENT : 31/07/2020 / O R D E R PER BENCH (ORAL): THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2015-16 IS DIRECTED AGAINST THE CIT(A)-JAMSHEDPURS ORDER DATED 06/12/2018 PASSED I NVOLVING PENALTY PROCEEDINGS U/S 271(1)(C ) OF THE INCOME TAX ACT, 1961 ( IN SHORT THE ACT). HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT TRANSPIRES AT THE OUTSET THAT THE ASSESSEE S QUANTUM APPEAL RELATING TO IMPUGNED PENALTY PROCEEDINGS BEARING ITA NO. 367/RA N/2018 STANDS RESTORED TO THE LD. CIT(A) VIDE ORDER DATED 01.10.2019. WE THUS ADOPT CONSISTENCY SINCE THE IMPUGNED PENALTY PROCEEDINGS ARE CONSEQUENTIAL THER ETO. ORDERED ACCORDINGLY I.T.A NO.48/RAN/2019 SINGHBHUM GRAMODYOG VIKAS SANSTHAN (SGVS) A.Y. 2015-16 PAGE | PAGE | PAGE | PAGE | 2 22 2 3. IN THE RESULT, THE ASSESSEES APPEAL IS ALLOWE D FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE COURT ON 31.07.2020 SD/- (A.L.SAINI) SD/- (S.S.GODARA) / ACCOUNTANT MEMBER / JUDICIAL MEMBER /KOLKATA; / DATE: 31/07/2020 SB, SR.PS COPY OF THE ORDER FORWARDED TO: 1. SINGHBHUM GRAMODYOG VIKASH SANSTHAN 2. ITO, EXEMPTION, JAMSHEDPUR 3. C.I.T(A)- 4. C.I.T.- RANCHI 5. CIT(DR), RANCHI BENCH, RANCHI . 6. GUARD FILE. TRUE COPY BY ORDER ASSIST ANT REGISTRAR ITAT, RANCH I BENCH