Harshad Traders, Jalna V. Income-tax Officer, Ward - 1, Jalna

ITA 584/PUN/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 4459 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 3 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 14-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 271(1)(c)

Judgement Text

आयकर अपीलीय अधिकरण “ए” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.584/PUN/2019 धििाारण वर्ा / Assessment Year : 2012-13 M/s. Harshad Traders, C/o. Harshad Madanlal Chordiya, “Arihant” Banglow, Karwa Nagar, Jalna – 431203 PAN : AAEFH3821J .......अपीलार्थी / Appellant बिाम / V/s. Income Tax Officer, Ward – 1, Jalna ......प्रत्यर्थी / Respondent Assessee by : Shri Kishor B. Phadke Revenue by : Shri S.P. Walimbe सुनवाई की तारीख / Date of Hearing : 21-07-2022 घोषणा की तारीख / Date of Pronouncement : 22-07-2022 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 11-01-2019 passed by the Commissioner of Income Tax (Appeals)-1, Aurangabad [‘CIT(A)’] for assessment year 2012-13. 2. The only issue is to be decided is as to whether the CIT(A) justified in confirming the penalty imposed by the AO u/s. 271(1)(c) of the Act. 2 ITA No.584/PUN/2019, A.Y. 2012-13 3. At the outset, the ld. AR submits that the quantum on which the penalty was imposed deleted by this Tribunal. He placed on record a copy of order dated 19-07-2019 and on perusal of the same, we note that this Tribunal discussed the issue in quantum appeal at Para No. 11 and deleted the addition made on account of discount offered by the assessee to M/s. Rajuri Steels Pvt. Ltd. Therefore, considering the same when there is no quantum surviving, no penalty lies. Thus, the grounds raised by the assessee are allowed. 4. In the result, the appeal of assessee is allowed. Order pronounced in the open court on 22 nd July, 2022. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 22 nd July, 2022. रदव आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-1, Aurangabad 4. The Pr. CIT-1, Aurangabad 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, “ए” बेंच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदचव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune