Sri Hiranmoy Das , Durgapur V. ACIT, Circle - 1, Durgapur , Durgapur

ITA 875/KOL/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 7827 (ITAT-KOLKATA)
• Duration Of Justice: 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-04-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 03-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHANKAR HALDER JCITSRDR
• Assessee Lawyers: PREM NARAYAN KHANDELWAL
• Section: 271(1)(c)

Judgement Text

, D , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 875 / KOL / 20 18 ASSESSMENT YEAR :2013-14 SRI HIRANMOY DAS PLOT NO. 258, MUCHIPARA SHIBPARA ROAD, DURGAPUR-713212 [ PAN NO.ACRPD 6934 D ] V/S . ACIT, CIRCLE-1 AAYAKAR BHAWAN, 4 TH FLOOR, R.N. 406, AAYKAR BITHI, CITY CENTRE, DURGAPUR- 713216 /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI PREM NARAYAN KHANDELWAL, FCA /BY RESPONDENT SHRI SHANKAR HALDER, JCIT-SR-DR /DATE OF HEARING 16-04-2019 /DATE OF PRONOUNCEMENT 24-04-2019 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEE APPEAL FOR ASSESSMENT YEAR2013-14 ARI SES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-DURGAPURS ORD ER DATED 23.02.2018 PASSED IN CASE NO.178/CIT(A)/DGP/2016-17 UPHOLDING ASSESSING OFFICERS ACTION IMPOSING PROCEEDINGS U/S 271(1)(C) OF THE IN COME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE PLEADE D IN INSTANT APPEAL CHALLENGES CORRECTNESS OF BOTH THE LOWER AUTHORITIE S ACTION IMPOSING U/S 271(1)(C) PENALTY IN ISSUE AMOUNTING TO 6,00,942/- REGARDING SUNDRY CREDITS OF 25,11,464/- TREATED AS UNDISCLOSED INCOME DURING TH E COURSE OF QUANTUM PROCEEDINGS. THE ASSESSING OFFICER HAD ADMITTEDLY F RAMED HIS ASSESSMENT ON ITA NO.875/KOL/2018 A.Y. 2013-14 SRI HIRANMOY DAS VS. ACIT, CIR-1, DGP PAGE 2 15.03.2016 MAKING THE IMPUGNED ADDITION HE SOUGHT T O KNOW ABOUT THE FINAL OUTCOME OF THE SAID QUANTUM PROCEEDINGS. WE ARE INF ORMED THAT ASSESSEES QUANTUM LOWER APPELLATE APPEAL IS STILL AWAITING TH E CIT(A)-DURGAPURS FINAL ADJUDICATION. WE DEEM IT APPROPRIATE IN THESE FACTS AND CIRCUMSTANCES THAT LARGER INTEREST OF JUSTICE WOULD BE MET IN CASE THE INSTANT LIS IS RESTORED BACK TO THE CIT(A) TO BE DECIDED AFRESH AS PER LAW AFTER HI S DECISION IN QUANTUM APPEAL. WE ORDER ACCORDINGLY. THE CIT(A) SHALL ADJU DICATE THE ASSESSEES LOWER INSTANT PENALTY PROCEEDINGS AFTER HIS DECISIO N IN APPEAL IN ABOVE. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 2 4/04/2019 SD/- SD/- ( %) (' %) (DR.A.L. SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S (- 24 / 04 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-SRI HRANMOY DAS, PLOT NO.258, MUCHIPARA, SHIBPARA ROAD DURGAPUR-713212 2. /RESPONDENT-ACIT, CIR-1, AAYAKAR BHAWAN, 4 TH FL, R.N.406, AAYKAR BITHI, CITY CENTRE, DU RGAPUR-713216 3. 3 4 / CONCERNED CIT KOLKATA 4. 4- / CIT (A) KOLKATA 5. 7 ''3, 3, / DR, ITAT, KOLKATA 6. < / GUARD FILE. BY ORDER/ , /TRUE COPY/ 3,