ITO 15(1)(3), MUMBAI V. CHIMANLAL R SAVLA, MUMBAI

ITA 7319/MUM/2014

• Counselvise Citation: [2016] 121 COUNSELVISE.COM (IT) 3492 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-07-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2009-2010
• Appeal Filed On: 08-12-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RADHA KEETYAL NARANG
• Assessee Lawyers: MAYOR MAKADICE

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH , JM AND SHRI SANJAY ARORA, AM ./ I.T.A. NO. 7319/MUM/2014 ( / ASSESSMENT YEAR: 2009 - 10 ) ITO - 15(1)( 3), 452, AAYAKAR BHAVAN, 4 TH FLOOR, M. K. MARG, MUMBAI - 400 020 / VS. CHIMANLAL R. SAVLA, KERMAN BLDG., 9, KELSUKAR ROAD, SHIVAJI PARK, DADAR, MUMBAI - 400 028 ./ ./ PAN/GIR NO. AACPS 9901 J ( / APPELLANT ) : ( / RESPONDENT ) / APPELLANT BY : MS. RADHA KEETYAL NARANG / RESPONDENT BY : SHRI MAYOR MAKADICE / DATE OF HEARING : 07.7.2016 / DATE OF PRONOUNCEMENT : 07 .7.2016 / O R D E R PER MAHAVIR SINGH, JM : THIS IS AN A PPEAL BY THE REVENUE DIRECTED AGAINST THE ORDER BY THE COMMISSIONER OF INCOME TAX (APPEALS) - 22 , MUMBAI (CIT(A) FOR SHORT) DATED 10.9.2014 , CONFIRMING THE LEVY OF PENALTY U/S. 271(1)(C) OF THE INCOME TAX ACT, 1961 ( THE ACT HEREINAFTER) FOR THE ASSESSMENT YEAR (A.Y.) 2009 - 10 VIDE ORDER DATED 26.3.2013 . 2. AT THE OUTSET, THE LD. AUTHORIZED REPRESENTATIVE (AR) OF THE ASSESSEES COUNSEL SUBMITTED THAT IN THE CASE OF SHRI CHIMANLAL R. SAVLA VS. ITO (IN ITA NO. 3147/MUM/ 2012 DATED 06.9.2013), THE C O - ORDINATE BENCH OF THIS TRIBUNAL HAS DELETED THE QUANTUM ADDITION, AS SUCH THE PENALTY PROCEEDINGS BASED ON SUCH QUANTUM ADDITION DO NOT SURVIVE. THE LD. DR DOES NOT DISPUTED THIS FACT. THE COPY OF THE ORDER DATED 06.9.2013 2 ITA NO. 7319/MUM/2014 (A.Y. 2009 - 10) ITO VS. CHIMANLAL R. SAVLA (SU PRA) FORMS PART OF THE RECORD. RECORDING THE SAME, THIS ORDER IS ALLOWED QUASHING THE PENALTY PROCEEDINGS. 3. IN THE RESULT, THE R EVENUE S APPEAL IS DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON JULY 07 , 201 6 SD/ - S D/ - ( SANJAY ARORA ) (MAHAVIR SINGH) / ACCOUNTANT MEMBER / JUDICIAL MEMBER MUMBAI ; DATED : 07 . 0 7 .201 6 . . ./ ROSHANI , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT - CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD F ILE / BY ORDER, / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI