Neptune Estates Pvt. Ltd., New Delhi V. DCIT, New Delhi

ITA 4902/DEL/2013

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 90871 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 7 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-04-2015
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Next Hearing Date: 12-03-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 19-08-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: P DAM KANUNJHA
• Assessee Lawyers: SEKHON
• Section: 142(1)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH E EE E : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA BEFORE SHRI G.C. GUPTA, VICE , VICE , VICE , VICE PRESIDENT AND PRESIDENT AND PRESIDENT AND PRESIDENT AND SHRI SHRI SHRI SHRI T.S. KAPOOR T.S. KAPOOR T.S. KAPOOR T.S. KAPOOR, , , , ACCOUNTANT ACCOUNTANT ACCOUNTANT ACCOUNTANT MEMBER MEMBER MEMBER MEMBER ITA NO ITA NO ITA NO ITA NO. .. .4902/DEL/2013 4902/DEL/2013 4902/DEL/2013 4902/DEL/2013 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 2009 2009 2009 2009- -- -10 1010 10 M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., C CC C- -- -18 1818 18- -- -19, 19, 19, 19, QUTAB INSTITUTIONAL QUTAB INSTITUTIONAL QUTAB INSTITUTIONAL QUTAB INSTITUTIONAL AREA, AREA, AREA, AREA, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 016. 110 016. 110 016. 110 016. PAN : AAACN3936F. PAN : AAACN3936F. PAN : AAACN3936F. PAN : AAACN3936F. VS. VS. VS. VS. DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -20, 20, 20, 20, 3 33 3 RD RDRD RD FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 055. 110 055. 110 055. 110 055. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI M.S. SEKHON, ADVOCATE. RESPONDENT BY : SHRI P. DAM KANUNJHA, SR.DR. DATE OF HEARING : 12.03.2015 12.03.2015 12.03.2015 12.03.2015 DATE OF PRONOUNCEMENT : 01.04.2015 01.04.2015 01.04.2015 01.04.2015 ORDER ORDER ORDER ORDER PER G.C. GUPTA PER G.C. GUPTA PER G.C. GUPTA PER G.C. GUPTA, VP , VP , VP , VP : :: : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEA R 2009-10 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-XXXI, NEW DELHI DATED 28 TH MAY, 2013. 2. THE ONLY GROUND OF APPEAL RAISED IS AS UNDER:- THAT THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-XXXI, DELHI, HAS ERRED IN CONFIRMING A PE NALTY AMOUNTING TO RS.10,000/- OUT OF THE PENALTY OF RS.20,000/- WHICH HAD BEEN IMPOSED BY THE DCIT, CENTRAL CIRCLE-20, NEW DELHI. 3. WE FIND THAT THE ONLY ISSUE IN THIS APPEAL IS RE GARDING VALIDITY OF PENALTY IMPOSED UNDER SECTION 271(1)(B) OF THE INCO ME-TAX ACT, 1961 ITA-4902/D/2013 2 AMOUNTING TO `10,000/-. WE FIND THAT THE PENALTY W AS IMPOSED FOR NON- COMPLIANCE OF NOTICES ISSUED UNDER SECTION 143(2) A ND 142(1) OF THE ACT. WE FIND THAT THERE WAS SOME CONFUSION REGARDI NG THE DATE OF HEARING IN THIS CASE AND THEREFORE, ALLOWING THE AS SESSEE BENEFIT OF DOUBT, AND ALSO CONSIDERING THE SMALLNESS OF THE RE TURNED LOSS AT `3,000/-, WE HOLD THAT IT IS NOT A FIT CASE FOR LEV Y OF PENALTY UNDER SECTION 271(1)(B) OF THE ACT, WHICH IS ACCORDINGLY DELETED AND GROUND OF APPEAL OF THE ASSESSEE IS ALLOWED. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALL OWED. DECISION PRONOUNCED IN THE OPEN COURT ON 1 ST APRIL, 2015. SD/- SD/- ( (( (T.S. KAPOOR T.S. KAPOOR T.S. KAPOOR T.S. KAPOOR) )) ) (G. (G. (G. (G.C. GUPTA C. GUPTA C. GUPTA C. GUPTA) )) ) ACCOUNTANT ACCOUNTANT ACCOUNTANT ACCOUNTANT MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., M/S NEPTUNE ESTATES PVT.LTD., C CC C- -- -18 1818 18- -- -19, QUTAB INSTITUTIONAL AREA, 19, QUTAB INSTITUTIONAL AREA, 19, QUTAB INSTITUTIONAL AREA, 19, QUTAB INSTITUTIONAL AREA, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 016. 110 016. 110 016. 110 016. 2. RESPONDENT : DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -20, 3 20, 3 20, 3 20, 3 RD RDRD RD FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, FLOOR, ARA CENTRE, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, JHANDEWALAN EXTENSION, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 055. 110 055. 110 055. 110 055. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR