Jasmine Infratech Pvt. Ltd., New Delhi V. ITO WARD - 13(2), New Delhi

ITA 7677/DEL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 9285 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-06-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 17-09-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ANUPAMA SINGLA
• Section: 69; 27; 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” DELHI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER & SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER I.T.A. No.7677/DEL/2019 Assessment Year 2012-13 Jasmine Infratech Pvt. Ltd., B-II/100 M.C.I.E., Delhi Mathura Road, Badarpur, New Delhi. ITO, Ward-13(2), New Delhi. TAN/PAN: AABCJ7338N (Appellant) (Respondent) Appellant by: None Respondent by: Ms. Anupama Singla, Sr.DR Date of hearing: 02 06 2022 Date of pronouncement: 08 06 2022 O R D E R PER PRADIP KUMAR KEDIA, A.M.: Th e cap tio n ed ap peal h as b een filed at th e in s tan ce o f th e assesse e ag ain st t h e o rd er o f th e Co mmiss io n er o f Inco me Tax (Ap p eals)-V, New Delh i (‘CIT(A)’ in sh o rt) d ated 2 6.0 6 .20 19 p assed u nd er Secti o n 2 7 1(1 )(c) o f th e In co me Tax Act, 1 96 1 (th e Act) co n cern in g A Y 2 0 12- 13 . 2. As p er it s g ro un ds of appea l, t he a ss ess ee h as cha ll en g ed th e i mpo sit io n of pe na lt y of Rs. 1, 60 ,6 80 / - on qu ant u m ad di tio ns of a su m of Rs .5 ,2 0, 00 0 /- re pre se nt in g ca pi tal w or k in pr og re s s. 3. W h en th e mat te r w as cal le d f or he ar in g, no ne ap pe are d f or th e ass es se e. A cco rd in gl y, th e ma tte r wa s pro ce ed ed ex -p ar te . 4. On p er usa l of the ord er s of the l ow e r aut ho ri ti es p lac e d on I.T.A. No.7677/Del/2019 2 rec or d, it i s no ti ce d tha t an a dd it io n of Rs.5 ,2 0, 00 0/ - on acco un t of une xp la in ed c re di t was ma de u nd er Se cti on 69 C of the A ct t ow ard s a mou nt ap pe ari ng u nde r ca pit al w or k i n p ro gr es s b roug ht f orwa rd as a b ala nc e of th e pre vi ou s ye a r. T he ad di ti on s w er e m ade o n t he gro un d th at s ou rc e of expen di tu re w a s not g iv en . A ca s e was mad e out bef o re t he CI T( A) b y t he as ses see th at t he as ses see ha s n ot exp en de d th e e xp e ndi tu re d uri ng t he ye a r un de r c on si de rat io n, an d the ref o re, a dd it io n ma de i n it self is op po se d to t he p rov is io n of Sec ti on 6 9C of the Act . 5. On the se f a ct s, we str ai gh tw a y no tic e tha t S ec tion 69 C c ann ot be a ttr ac te d f or th e exp en di tur e w hi ch has b ee n a d mitt ed l y r e cor de d in the b oo ks ; s ec on dl y, t he e xpe nd it ur e re co rd ed in th e b oo ks in th e ear li er ye a r a nd ca r rie d f or wa rd as a n ope ni ng ba lanc e i n the cu rr en t ye a r c an no t be su bje ct ma tt er of S e cti on 6 9C of th e Act q ua th e ass es s men t ye ar i n que sti on . T her ef or e, w her e th e basi s f or ma kin g add it io n i ts elf is u nde r c lo ud , t her e i s no war ra nt to i mp ose on er ou s un der Se ct io n 2 7 1(1 )( c) a ll eg in g a n y f ur ni sh in g of ina cc ur ate par ti cu lar s of i nc o me. W e th us f i nd p ri ma f ac ie me rit in the ca se of the a ss es see f or a bs olv in g it f ro m t he r igo ur s of pena lt y. 5. In th e res ul t, t he ap pea l of th e as se ss ee is a llow ed ex -p ar t e. Order pronounced in the open Court on 08/06/2022. Sd/- Sd/- [SAKTIJIT DEY] [PRADIP KUMAR KEDIA] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: /06/2022 Prabhat