SHYAMLATA S. PODDAR, MUMBAI V. ASST CIT CIR 18(2), MUMBAI

ITA 5259/MUM/2012

• Counselvise Citation: 525919914 RSA 2012
• Duration Of Justice: 1 year(s) 1 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-10-2013
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Assessment Year: 2004-2005
• Appeal Filed On: 21-08-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANJIV M SHAH
• Assessee Lawyers: PITAMBAR DAS
• Section: 14A

Judgement Text

E IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUMBAI .. , !'# $ $ $ $ %$$ $&; ( !'# !) BEFORE SHRI P.M. JAGTAP, AM AND SHRI VIVEK VARMA, J M !./ I.T.A. NO.5259 /MUM/2012 ( (+ & $,& (+ & $,& (+ & $,& (+ & $,& / / / / ASSESSMENT YEAR : 2004-05 SMT. SHYAMLATA S. PODDAR, TRADE WORLD, B WING, 3 RD FLOOR, KAMLA CITY, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI 400 013. + + + + / VS. ASSTT. COMMISSIONER OF INCOME TAX- CIRCLE 18(2), MUMBAI. #- !./ PAN : AACPP2349H ( -. / // / APPELLANT ) .. ( /0-. / RESPONDENT ) ASSESSEE BY SHRI SANJIV M. SHAH ASSESSEE BY : SHRI PITAMBAR DAS !+$ 1 / // / DATE OF HEARING : 09-10-2013 23, 1 / DATE OF PRONOUNCEMENT : 11-10-2013 [ [ '4 / O R D E R PER P.M. JAGTAP, A.M . : .. , !'# THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAIN ST THE ORDER OF THE LD. CIT(A) 29, MUMBAI DATED 24-05-2012 WHEREBY HE CON FIRMED THE PENALTY IMPOSED U/S 271(1)(C) OF THE INCOME TAX ACT, 1961 ( THE ACT) IN RESPECT OF ADDITION OF RS. 6,71,890/- MADE TO THE TOTAL INCOME OF THE ASSESSEE BY WAY OF DISALLOWANCE U/S 14A OF THE ACT. 2. WE HAVE HEARD THE ARGUMENTS OF BOTH THE SIDES AN D ALSO PERUSED THE RELEVANT MATERIAL AVAILABLE ON RECORD. AS SUBMITTE D BY THE LD. COUNSEL FOR THE ITA 5259/M/12 2 ASSESSEE, THE ISSUE RELATING TO THE DISALLOWANCE U/ S 14-A OF THE ACT AS INVOLVED IN THE CASE OF THE ASSESSEE HAS ALREADY BE EN SET ASIDE BY THE TRIBUNAL TO THE FILE OF THE A.O. VIDE AN ORDER DATE D 13-05-2011PASSED IN ITA NO. 1868/MUM/2009 FOR DECIDING THE SAME AFRESH IN T HE LIGHT OF THE DECISION OF THE HONBLE BOMBAY HIGH COURT IN THE CASE OF GOD REJ & BOYCE MFG. CO. LTD. (328 ITR 81 (BOM.). CONSEQUENTLY, THE VERY BASIS OF THE IMPUGNED PENALTY IMPOSED U/S 271(1)(1)(C) OF THE ACT NO MORE SURVIVE S AND THE SAME IS LIABLE TO BE CANCELLED HAVING NO LEGS TO STAND. WE, ACCORDING LY, CANCEL THE SAID PENALTY AND ALLOW THE APPEAL OF THE ASSESSEE. 3. IN THE RESULT, APPEAL OF THE ASSESSEE IS ALLOWED . ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH OCTOBER, 2013. . '4 1 23, 5'[phone] SD/- SD/- (VIVEK VARMA) (P.M. JAGTAP ) ( !'# JUDICIAL MEMBER !'# / ACCOUNTANT MEMBER MUMBAI ; 5'+ DATED 11-10-2013 [ $.(+.!./ RK , SR. PS '4 1 /(7% 8%, '4 1 /(7% 8%, '4 1 /(7% 8%, '4 1 /(7% 8%,/ COPY OF THE ORDER FORWARDED TO : 1. -. / THE APPELLANT 2. /0-. / THE RESPONDENT. 3. 9 () / THE CIT(A) 29, MUMBAI. 4. 9 / CIT 18,, MUMBAI 5. %$< /((+ , , / DR, ITAT, MUMBAI E BENCH 6. =& > / GUARD FILE. '4+! '4+! '4+! '4+! / BY ORDER, !0% /( //TRUE COPY// ? ? ? ?/ // /!@ !@ !@ !@ ( DY./ASSTT. REGISTRAR) , , , , / ITAT, MUMBAI