ACIT CIR-7(3)(2), , MUMBAI V. M/s PRINTLINE REPRODUCTIONS PVT. LTD., MUMBAI

MA 156/MUM/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4451 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 9 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 26-03-2021
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2009-2010
• Appeal Filed On: 17-03-2020
• 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. 156 / MUM/2020 (ARISING OUT OF I TA NO. 2937/ MUM/ 2019 ( ASSESSMENT YEAR : 2009 - 10 ) ACIT CIR - 7(3)(2) ROOM NO .128A, 1 ST FLOOR AAYAKAR BHAVAN, M.K.ROAD MUMB AI 400 020 VS. M/S. PRINTLINE REPRODUCTIONS PVT. LTD., 134, PRAGATI INDUSTRIAL ESTATE N.M. JOSHI MARG LOWER P AREL, MUMBAI 400 011 PAN/GIR NO. AAACP629 1K (APPELLANT ) .. (RESPONDENT ) REVENUE BY SHRI SU NIL DESHP ANDE 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 REVENUE SEEKS TO RECALL THE ORDER PASSED B Y THIS TRIBUNAL IN ITA NO. 2937 /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 . 156 /MUM/ 2020 M/S. PRINTLINE REPRODUCTIONS PVT. LTD., 2 DISPUTED ISSUE IS LESS THAN THE PR ESCRIBED 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, BEING 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 FOR 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) PRESIDE NT ACCOUNTANT MEM B ER MUMBAI ; DATED 26 / 03 / 202 1 KARUNA , SR.PS M A NO . 156 /MUM/ 2020 M/S. PRINTLINE REPRODUCTIONS PVT. LTD., 3 COPY OF THE O RDER FORWARDED TO : BY ORDER, ( ASSTT. REGIST RAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITA T, MUMBAI 6. GUARD FILE. //TRUE COP Y//