ADDL CIT (TDS) RG 1, MUMBAI V. BOMBAY RAYON FASHIONS LTD, MUMBAI

ITA 955/MUM/2011

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 71095 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 7 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-09-2013
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 12-09-2013
• Assessment Year: 2006-2007
• Appeal Filed On: 02-02-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: DIVYA BAJPAI
• Keywords: Tax effect

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL G GG G BENCH, BENCH, BENCH, BENCH, MUMBAI MUMBAI MUMBAI MUMBAI , !' !' !' !' #$ #$ #$ #$ % % % % & & & & , . BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI RAJENDRA SINGH RAJENDRA SINGH RAJENDRA SINGH RAJENDRA SINGH, AM , AM , AM , AM & && & SHRI SHRI SHRI SHRI VIJAY PAL RAO, JM VIJAY PAL RAO, JM VIJAY PAL RAO, JM VIJAY PAL RAO, JM ./ I.T.A. NO. 955/MUM/2011 I.T.A. NO. 955/MUM/2011 I.T.A. NO. 955/MUM/2011 I.T.A. NO. 955/MUM/2011 ( '( '( '( '( ) ) ) ) / ASSESSMENT YEAR:2006-07) ITO (TDS)-1(3), ROOM NO. 806, 8 TH FLOOR, SMT. K. G. MITTAL AYURVEDIC HOSPITAL BLDG. CHARNI ROAD(W) MUMBAI-400002 ( ( ( ( / VS. M/S BOMBAY RAYON FASHIONS LTD., D 1 ST FLOOR, OBEROI GARDEN ESTATE, CHANDIVALI FARMS ROAD, SAKI VIHAR ROAD, ANDHERI (E) MUMBAI-400072 $* !' ./ + ./ PAN/GIR NO. : AAACM3447J ( *, / APPELLANT APPELLANT APPELLANT APPELLANT) .. ( -.*, / RESPONDENT RESPONDENT RESPONDENT RESPONDENT) *, *, *, *, / / / / ! !! ! / APPELLANT BY : MS. DIVYA BAJPAI -.*, -.*, -.*, -.*, 0 00 0 / / / / ! !! ! /RESPONDENT BY : SHRI DHARMESH SHAH ( ( ( ( 0 00 0 1' 1' 1' 1' / DATE OF HEARING : 12 TH SEPTEMBER 2013 23) 23) 23) 23) 0 00 01' 1' 1' 1' /DATE OF PRONOUNCEMENT: 12 TH SEPTEMBER 2013 #!4 / O R D E R PER : & , . . / VIJAY PAL RAO, JM THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER DATED 10.11.2010 OF COMMISSIONER OF INCOME TAX(APPEALS) A RISING FROM THE PENALTY ORDER PASSED U/S 272A(2)(C) OF THE INCOME T AX ACT FOR THE ASSESSMENT YEAR 2006-07. 2. WE HAVE HEARD THE LD. DR AS WELL LD. AR AND CONS IDERED THE RELEVANT MATERIAL ON RECORD. THIS APPEAL ARISES AGA INST THE DELETION OF PENALTY OF ` 2,06,600/- THEREFORE, AT THE OUTSET WE NOTE THAT THE TAX EFFECT IN THE REVENUES APPEAL IS LESS THAN THE MONETARY L IMIT AS PROVIDED IN THE ITA NO.955/M/2011 BOMBAY RAYON FASHIONS LTD. 2 INSTRUCTION NO. 3/2011 DATED 9.2.2011. WE FURTHER N OTE THAT THE MONETARY LIMIT PRESCRIBED IN THE INSTRUCTIONS IS ALSO APPLIC ABLE IN CASE OF PENALTY. PARA 4 OF THE INSTRUCTION SAYS THAT IN CASE OF PENA LTY ORDERS THE TAX EFFECT WILL MEAN QUANTUM OF PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. ACCORDINGLY, THE APPEAL OF THE RE VENUE IS NOT MAINTAINABLE BECAUSE OF THE TAX EFFECT IS LESS THAN THE LIMIT PROVIDED UNDER THE INSTRUCTION NO. 3/2011. 3. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED IN LIMINE. ORDER PRONOUNCED DURING THE HEARING IN THE OPEN COU RT ON THIS DAY OF 12 TH SEPTEMBER 2013 SD/- SD/- ( ) !' #$ ( RAJENDRA SINGH RAJENDRA SINGH RAJENDRA SINGH RAJENDRA SINGH ) ACCOUNTANT MEMBER ( & ) ' #$ (VIJAY PAL RAO) JUDICIAL MEMBER PLACE: MUMBAI : DATED: 12 TH SEPTEMBER 2013 SUBODH COPY FORWARDED TO: 1 APPELLANT 2 RESPONDENT 3 CIT 4 CIT(A) 5 DR /TRUE COPY/ BY ORDER DY /AR, ITAT, MUMBAI