Shri Nilesh Kalidas Shah, Ahmedabad V. The Dy. CIT.,Circle-3, Ahmedabad

ITA 761/AHD/2016

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 5848 (ITAT-AHMEDABAD)
• Duration Of Justice: 1 year(s) 11 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-03-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 1994-1995
• Appeal Filed On: 28-03-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: G C PIPARA
• Section: 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD SMC BENCH AHMEDABAD BEFORE, SHRI S. S. GODARA, JUDICIAL MEMBER AND SHRI AMARJIT SINGH, ACCOUNTANT MEMBER ITA NO. 761/AHD/2016 (ASSESSMENT YEAR : 1994-95) NILESH KALIDAS SHAH 43, KAMDHENU COMPLEX, NR. POLYTECHNIC, AMBAWADI, AHMEDABAD - 380 015 APPELLANT VS. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE 3, PRATYAKSH KAR BHAVAN, AMBAWADI, AHMEDABAD - 380 015 RESPONDEN T PAN: ACIPS6595C / BY ASSESSEE : SHRI G. C. PIPARA, A.R. / BY REVENUE : SHRI MUDIT NAGPAL, SR. D.R. /DATE OF HEARING : 13.03.2018 /DATE OF PRONOUNCEMENT : 16.03.2018 ORDER PER S. S. GODARA, JUDICIAL MEMBER THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 1994-95 IS DIRECTED AGAINST THE CIT(A)-4, AHMEDABADS ORDER DATED 14.03.2016, IN CA SE NO. CIT(A)-4/508/DCIT, CIR-3/15-16, UPHOLDING ASSESSING OFFICERS ACTION L EVYING PENALTY OF RS.8,67,540/- IN HIS ORDER DATED 28.03.2014, IN PROCEEDINGS U/S. 271(1)(C) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. 2. LEARNED COUNSEL REPRESENTING ASSESSEE STATES AT THE OUTSET THAT THE IMPUGNED PENALTY HAS ARISEN FROM THE RE-ASSESSMENT IN QUESTI ON FRAMED ON 27.03.2000 ITA NO. 761/AHD/16 [NILESH KALIDAS SHAH VS. DCIT ] A.Y. 1994-95 - 2 - U/S.143(3) R.W.S. 147 OF THE ACT. HE THEREAFTER FI LES BEFORE US A CO-ORDINATE BENCHS QUANTUM ORDER DATED 10.01.2017 IN ITA NO. 1056/AHD/ 2013 QUASHING REOPENING ITSELF TO BE NOT SUSTAINABLE. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUTE ALL THESE QUANTUM DEVELOPMENTS. WE CONCLUDE IN THESE F ACTS THAT THE IMPUGNED PENALTY DOES HAVE NO LEGS TO STAND. THE SAME IS ACCORDINGL Y DELETED. 3. THIS ASSESSEES APPEAL IS ALLOWED. [PRONOUNCED IN THE OPEN COURT ON THIS THE 16 TH DAY OF MARCH, 2018.] SD/- SD/- ( AMARJIT SINGH ) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER AHMEDABAD: DATED 16/03/2018 TRUE COPY S.K.SINHA / COPY OF ORDER FORWARDED TO:- / REVENUE 2 / ASSESSEE ! / CONCERNED CIT 4 !- / CIT (A) ( )* + ,--. . /0 / DR, ITAT, AHMEDABAD 1 + 23 / GUARD FILE. BY ORDER / . // . /0