Voss Automotive India Pvt.Ltd, Pune V. Deputy Commissioner of Income-tax, Circle - 13, Pune

ITA 862/PUN/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 9529 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 1 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-07-2022
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 02-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3); 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER ITA No.862/PUN/2019 निर्धारण वषा / Assessment Year : 2011-12 Voss Automotive India Pvt. Ltd. 1101, Urawade Road, Pirangut, Tal. Mulashi, Pune – 412115 PAN : AACCV1983G Vs. DCIT, Circle-13, Pune Appellant Respondent आदेश / ORDER PER S.S. GODARA, JM : This assessee‟s appeal for AY 2011-12 arises against the CIT(A)-7, Pune‟s order dated 05-03-2019 passed in case No. PN/CIT(A)-7/DCIT-5(2)/10599/2014-15 involving proceedings under Section 143(3) of the Income Tax Act, 1961, in short „the Act‟. Heard both the parties. Case file perused. 2. Coming to the assessee‟s first and foremost substantive grievance challenging correctness of section 14A r.w.s. 8D Assessee by Shri Abhay Avachat Revenue by Shri M.G. Jasnani Date of hearing 04-07-2022 Date of pronouncement 07-07-2022 ITA No.862/PUN/2019 Voss Automotive India Pvt. Ltd. 2 disallowance to the tune of Rs.4,61,003/- made by the Assessing Officer and affirmed in the CIT(A) lower appellate discussion in paras 6 to 6.3, it emerges at the outset that this taxpayer had not derived any exempt income in the relevant previous year. That being the case, we quote PCIT vs. M/s. Kohinoor Projects Pvt. Ltd. (2020) 425 ITR 700 (Bom) to conclude that the impugned statutory provision only applies “in relation” to the exempt income than having any independent exigibility. We, therefore, delete the impugned first and foremost disallowance of Rs.4,61,003/- for this precise reason alone. 3. Learned counsel does not press for the assessee‟s latter substantive ground challenging correctness of Turf Club expenses claim of Rs.17,646/- keeping in mind smallness of the amount thereof. Rejected accordingly. 4. This assessee‟s appeal is partly allowed in above terms. Order pronounced in the Open Court on 7 th July, 2022. Sd/- Sd/- (DIPAK P. RIPOTE) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER प ु णे Pune; ददिधांक Dated : 7 th July, 2022 GCVSR ITA No.862/PUN/2019 Voss Automotive India Pvt. Ltd. 3 आदेश की प्रतिलिपि अग्रेपिि/Copy of the Order is forwarded to: 1. अपीऱधर्थी / The Appellant; 2. प्रत्यर्थी / The Respondent; 3. The CIT(A)-7, Pune 4. 5. The Pr.CIT-6, Pune विभागीय प्रविविवि, आयकर अपीलीय अविकरण, पुणे “B” / DR „B‟, ITAT, Pune 6. गार्ड फाईल / Guard file आदेशान ु सार/ BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अविकरण ,पुणे / ITAT, Pune Date 1. Draft dictated on 05-07-2022 Sr.PS 2. Draft placed before author 06-07-2022 Sr.PS 3. Draft proposed & placed before the second member JM 4. Draft discussed/approved by Second Member. JM 5. Approved Draft comes to the Sr.PS/PS Sr.PS 6. Kept for pronouncement on Sr.PS 7. Date of uploading order Sr.PS 8. File sent to the Bench Clerk Sr.PS 9. Date on which file goes to the Head Clerk 10. Date on which file goes to the A.R. 11. Date of dispatch of Order.