Karimkan Shahnoorkhan Patel, Aurangabad V. Income-tax Officer, Aurangabad

MA 42/PUN/2021

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 3499 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 10 month(s) 18 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 18-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 14-07-2022
• Assessment Year: 2009-2010
• Appeal Filed On: 30-08-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Sale consideration of property below Jantri Value
• Section: 50C

Judgement Text

आयकर अपीलीय अधिकरण “ए” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER धिधिि आिेदन सं. / MA No.42/PUN/2021 (Arising out of ITA No.1402/PUN/2015) धनिाारण िर्ा / Assessment Year : 2009-10 Karimkhan Shahnoorkhan Patel, H. No. 5-1-45, Near Post Office, Osmanpura, Aurangabad-431005 PAN : AFAPP4482N .......अपीलार्थी / Appellant बनाम / V/s. The Income Tax Officer, Ward – 2(2), Aurangabad ......प्रत्यर्थी / Respondent Assessee by : Shri Pramod S. Shingte Revenue by : Shri M.G. Jasnani सुनवाई की तारीख / Date of Hearing : 15-07-2022 घोषणा की तारीख / Date of Pronouncement : 19-07-2022 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : By this Miscellaneous Application the assessee intends to recall the order dated 05-03-2020 passed in ITA No. 1402/PUN/2015 for A.Y. 2009-10. 2. The ld. AR filed notarized affidavit dated 31-08-2020 stating that he was under bonafide belief the penalty regarding Rs.13,85,000/- is to be allowed since deletion of addition u/s. 50C of the Act and argued the 2 MA No. 42/PUN/2021, A.Y. 2009-10 Tribunal dismissed the said issue without giving an opportunity to the assessee. He prayed to render one more opportunity to the assessee for hearing on the said issue by recalling the order dated 05-03-2020. Having considering the facts and circumstances of the case and averments made in the notarized affidavit by the ld. AR, we deem it proper to recall the order dated 05-03-2020 in ITA No. 1402/PUN/2015 in its entirety and restore the same to the file. The Registry is directed to fix the appeal for hearing before the regular Bench and intimate the date of hearing to both the parties. 3. In the result, the Miscellaneous Application filed by the assessee is allowed. Order pronounced in the open court on 19 th July, 2022. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 19 th July, 2022. रदव आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-2, Aurangabad 4. The Pr. CIT-2, Aurangabad 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, “ए” बेंच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदचव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune