ITO, WARD 3(4), KALYAN V. SMT SUNITA C KHANDELWAL, MUMBAI

MA 125/MUM/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4449 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 28 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 26-03-2021
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 28-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL DESHPANDE
• Keywords: Bogus purchase; Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D B ENCH , MUMBAI BEFOR E: HON BL E JUSTICE P.P. BHATT, PRESIDENT & SHRI M.BALAGANESH, AM M.A. NO. 125 / MUM/2020 (ARISING OUT OF I TA NO. 3505 /MUM/ 2019 ( ASSESSMENT YEAR : 2010 - 11 ) ITO, WARD 3(4) KALYAN 2 N D FLOOR, RANI MANSION MURBAD ROAD KALYAN, KALYAN - DOMBIVALI M AHARASHTRA - 421301 VS. SMT. SUNITA C.KHANDELWAL P ROP. AMITA STEEL CORPORATION, E - 1/5 NEAR AVERY BRIDGE, KALYAN SHILL ROAD DOMBIVALI (E) KALYAN - DOMBIVALI M AHARASHTRA PAN/GIR NO. AFGPK6867E (APPELL ANT ) .. (RESPONDENT ) REVENUE BY SHRI SUNIL DESHPANDE ASSESSEE BY NONE DATE OF HEARING 26 / 03 /202 1 DATE OF PRONO U NCEMENT 26 / 03 /202 1 / O R D E R PER M. BALAGANESH (A.M) : BY VIRTUE OF THIS MISCELLANEOUS APPLICATION, THE REV ENUE SEEKS TO RECALL THE ORDER PASSED BY THIS TRIBUNAL IN ITA NO. 3505 /MUM/2019 DATED 21/08/2019. WE FIND TH AT THIS TRIBUNAL HAD DISMISSED THE APPEAL OF THE REVENUE B Y FOLLOWING THE CBDT CIRCULAR NO.17/2019 DATED 08/08/2019 BY STATING THAT THE TAX EFFECT ON THE M A NO . 125 /MUM/ 2020 SMT. SUNITA C. KHANDELWAL 2 DISPUTED ISSUE IS LESS THAN THE PRESCRIBED MONETARY LIMIT S AS PER THE AFORESAID CIRCULAR. 2. WE FIND TH AT THE ADDITION WAS SUBJECT MATTER OF DISPUTE O N ACCOUNT OF BOGUS PURCHASES WHICH W A S BASED ON INFORMATION RECEIVED FROM SALES TAX AUTHORITIES, BE ING AN EXTERNAL AGENCY. HENCE, WE HOLD THAT SAME FALLS W ITHIN THE AMBIT OF EXCEPTION PROVIDED IN PARA 10 (E) OF THE CBDT CIRCULAR . HENCE, WE ARE INCLINED TO RECALL THE ORDER PASSED BY THIS TRIBUNAL . REGISTRY IS DIRECTED TO FIX THIS APPEAL F OR FRESH HEARING IN NORMAL COURSE . 3. IN THE RESULT, MI SCELLANEOUS APPLICATION OF THE REVENUE IS ALLOWED. ORDER PRONOUNCE D ON 26 / 03 / 202 1 BY WAY OF PROPER M ENTIONING IN T HE NOTICE BOARD. SD/ - ( JUSTI CE P.P. BHATT ) SD/ - (M.BALAGANESH) PRESIDENT ACCOUNTANT MEMB ER MUMBAI ; DATED 26 / 03 / 202 1 KARUNA , SR.PS COPY OF THE O RDER FORWARDED TO : BY ORDER, 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITA T, MUMBAI 6 . GUARD FILE. // TRUE COPY// M A NO . 125 /MUM/ 2020 SMT. SUNITA C. KHANDELWAL 3 ( ASSTT. REGIST RAR) ITAT, MUMBAI