ACIT, New Delhi V. M/s. Nuwave E- Solutions Pvt. Ltd., New Delhi

ITA 5782/DEL/2012

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 98072 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Next Hearing Date: 08-12-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 12-11-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAKESH GUPTA; PRAKASH GUPTA
• Assessee Lawyers: P DAM KANUNJNA SENIOR
• Keywords: Earning of tax free income
• Section: 14A

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 BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT AND AND AND AND SHRI CHANDRA MOHAN GARG SHRI CHANDRA MOHAN GARG SHRI CHANDRA MOHAN GARG SHRI CHANDRA MOHAN GARG, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO . .. . 5782/DEL/2012 5782/DEL/2012 5782/DEL/2012 5782/DEL/2012 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 2009 2009 2009 2009 - -- - 10 1010 10 ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME INCOME INCOME INCOME- -- -TAX, TAX, TAX, TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -13(1) 13(1) 13(1) 13(1), ,, , NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S NUWAVE E M/S NUWAVE E M/S NUWAVE E M/S NUWAVE E - -- - SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., 3 33 3 RD RDRD RD FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 028. 110 028. 110 028. 110 028. PAN : AABCN5790Q. PAN : AABCN5790Q. PAN : AABCN5790Q. PAN : AABCN5790Q. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI RAKESH GUPTA, ADVOCATE AND SHRI PRAKASH GUPTA, CA. RESPONDENT BY : SHRI P. DAM KANUNJNA, SENIOR DR. DATE OF HEARING : 08.12.2015 08.12.2015 08.12.2015 08.12.2015 DATE OF PRONOUNCEMENT : 15.12.2015 15.12.2015 15.12.2015 15.12.2015 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP : :: :- -- - THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2009-10 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-XVI, N EW DELHI DATED 31 ST JULY, 2012. 2. THE ONLY GROUND RAISED BY THE REVENUE IS AGAINST DELETION OF ADDITION MADE ON ACCOUNT OF DISALLOWANCE U/S 14A AM OUNTING TO `14 LAKHS BY THE LEARNED CIT(A). 3. WE HAVE HEARD BOTH THE SIDES AND PERUSED RELEVAN T MATERIAL PLACED BEFORE US. WE FIND THIS ISSUE TO BE COVERED IN FAVOUR OF THE ASSESSEE BY THE DECISION OF HON'BLE JURISDICTIONAL HIGH COURT IN THE CASE OF CHEMINVEST LIMITED VS. CIT-VI IN ITA NO.749 /2014, ORDER DATED 2 ND SEPTEMBER, 2015 AND CIT-IV VS. HOLCIM INDIA P.LTD. IN ITA ITA-5782/DEL/2012 2 NO.486/2014 & 299/2014, ORDER DATED 5 TH SEPTEMBER, 2014, WHEREIN HON'BLE JURISDICTIONAL HIGH COURT HAS HELD THAT IF THERE IS NO EXEMPT INCOME, THEN NO DISALLOWANCE U/S 14A OF THE ACT CAN BE MADE. ADMITTEDLY, IN THE CASE OF THE ASSESSEE, THERE IS N O EXEMPT INCOME. THEREFORE, RESPECTFULLY FOLLOWING THE ABOVE DECISIO NS OF HON'BLE JURISDICTIONAL HIGH COURT, WE DELETE THE DISALLOWAN CE MADE U/S 14A OF THE ACT. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 15.12.2015 . SD/- SD/- (CHANDRA MOHAN GARG (CHANDRA MOHAN GARG (CHANDRA MOHAN GARG (CHANDRA MOHAN GARG ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : ASSISTANT COMMIS ASSISTANT COMMIS ASSISTANT COMMIS ASSISTANT COMMISSIONER OF INCOME SIONER OF INCOME SIONER OF INCOME SIONER OF INCOME- -- -TAX, TAX, TAX, TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -13(1), NEW DELHI. 13(1), NEW DELHI. 13(1), NEW DELHI. 13(1), NEW DELHI. 2. RESPONDENT : M/S NUWAVE E M/S NUWAVE E M/S NUWAVE E M/S NUWAVE E- -- -SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., SOLUTIONS PVT.LTD., 3 33 3 RD RDRD RD FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, FLOOR, DISTRICT CENTRE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, DDA BUILDING, NEHRU PLACE, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 028. 110 028. 110 028. 110 028. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR