Shri Devendranath G. Chaturvedi, Ahmedabad V. The Dy.CIT., Cent.Circle-2(2), Ahmedabad

ITSSA 785/AHD/2010

• Counselvise Citation: [2013] 121 COUNSELVISE.COM (IT) 9587 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 10 month(s) 23 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 04-10-2013
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 27-09-2013
• Assessment Year: misc
• Appeal Filed On: 11-11-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: O P BATHEJA SRDR
• Assessee Lawyers: A L THAKKAR

Judgement Text

, , , , A, IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD, A BENCH . .. . . .. . , !' !' !' !', , , , #$ %&'( #$ %&'( #$ %&'( #$ %&'(, , , , )* + ) ' )* + ) ' )* + ) ' )* + ) ' BEFORE S/SHRI G.C. GUPTA, VICE-PRESIDENT AND ANIL CHATURVEDI, ACCOUNTANT MEMBER) IT(SS)A NO.785/AHD/2010 [BLOCK PERIOD : 01.04.1990 TO 07.03.2011] SHRI DEVENDRANATH G. CHATURVEDI 11/13, NIRANTPARK SOCIETY, PART-I OPP: SUN N STEP CLUB, THALTEJ AHMEDABAD. PAN : AECPC 9270 L /VS. DCIT, CENT.CIR.2(2) AHMEDABAD. ( (( (-. -. -. -. / APPELLANT) ( (( (/0-. /0-. /0-. /0-. / RESPONDENT) 1& 2 3 )/ ASSESSEE BY : SHRI A.L. THAKKAR + 2 3 )/ REVENUE BY : SHRI O.P. BATHEJA, SR.DR 5 2 &(*/ DATE OF HEARING : 27 TH SEPTEMBER, 2013 678 2 &(*/ DATE OF PRONOUNCEMENT : 04.10.2013 )9 / O R D E R PER G.C. GUPTA, VICE-PRESIDENT : THIS APPEAL BY THE ASSESSEE FOR THE BLOCK PERIOD 1.4.1990 TO 7.3.2001 IS DIRECTED AGAINST THE ORDER OF THE CIT(A)-III DATED 8.9.2010. THE ONLY ISSUE IN THIS APPEAL OF THE ASSESSEE IS REGARDING V ALIDITY OF PENALTY UNDER SECTION 158BFA(2) THE I.T.ACT. IT(SS)A NO.785/AHD/2010 -2- 2. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED T HAT IN QUANTUM APPEAL OF THE ASSESSEE, THE ISSUE OF VALIDI TY OF ADDITION HAS BEEN RESTORED BY THE ITAT, AHMEDABAD TO THE FIL E OF THE CIT(A) WITH CERTAIN DIRECTIONS IN IT(SS)A.NO.168 AN D 201/AHD/2006 DATED 13.1.2012, AND ACCORDINGLY, THE ISSUE OF VALIDITY OF PENALTY IN THE PRESENT APPEAL BEFORE TH E TRIBUNAL, MAY ALSO BE RESTORED TO THE FILE OF THE CIT(A) FOR FRES H ADJUDICATION. THE LEARNED DR HAS NO OBJECTION TO THE SUBMISSIONS OF THE LEARNED COUNSEL FOR THE ASSESSEE. 3. WE HAVE CONSIDERED RIVAL SUBMISSIONS. IN VIEW O F THE DECISION OF THE ITAT, AHMEDABAD BENCH IN THE QUANTU M APPEAL OF THE ASSESSEE FOR THE SAME BLOCK PERIOD 1.4.1990 TO 7.3.2001 IN IT(SS)A.NO.168 AND 201/AHD/2006 DATED 13.1.2012, RE STORING THE ISSUE IN THE QUANTUM APPEAL OF THE ASSESSEE TO THE FILE OF THE CIT(A) FOR FRESH ADJUDICATION, THE ISSUE OF VALIDIT Y OF PENALTY IMPOSED IN THIS CASE ALSO IS RESTORED TO THE FILE O F THE CIT(A) WITH DIRECTION TO PASS DE NOVO APPELLATE ORDER ON THIS ISSUE AFTER ALLOWING REASONABLE OPPORTUNITY OF HEARING TO BOTH THE PARTIES. WE DIRECT ACCORDINGLY. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALL OWED FOR STATISTICAL PURPOSE. ORDER PRONOUNCED IN OPEN COURT ON THE DATE MENTIONE D HEREINABOVE. SD/- SD/- ( %&'( %&'( %&'( %&'( / ANIL CHATURVEDI) )* + )* + )* + )* + /ACCOUNTANT MEMBER ( . .. . . .. . /G.C. GUPTA) !' !' !' !' /VICE-PRESIDENT