sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
From the Courts »
  Suresh M. Jamkhindikar vs. ACIT (Bombay High Court)
 Mangammal @ Thulasi vs. T.B. Raju (Supreme Court)
 Mahabir Industries vs. PCIT (Supreme Court)
  Oriental Bank Of Commerce Vs. Additional Commissioner Of Income Tax
  Suresh M. Jamkhindikar vs. ACIT (Bombay High Court)
  Union of India vs. Pirthwi Singh (Supreme Court)
 Cromption Greaves Limited vs. CIT (ITAT Mumbai)
 Director Of Income Tax Vs. M/s. Modiluft Ltd.
 Director Of Income Tax Vs. M/s. Royal Airways Ltd.
 Lally Motors India (P.) Ltd vs. PCIT (ITAT Amritsar)
  Mehsana District Co-operative vs. DCIT (Gujarat High Court)

M/s Hiranandani Akruti J V,Akruti Trade Centre,Road No.7,Marol, MIDC,Andheri (E),Mumbai-400093 Vs. Dy.. Commissioner of Income TaxCC 36, Room No.11, Gr.Floor, Aayakar Bhavan, M K Road, Mumbai-400020.
October, 09th 2015
                 ,   "" 
     IN THE INCOME TAX APPELLATE TRIBUNAL "H" BENCH, MUMBAI

        BEFORE S/SHRI B.R.BASKARAN, AM AND PAWAN SINGH, JM

                  ./I.T.A. No.375/Mum/2014
                 (   / Assessment Year:2006-07)
 M/s Hiranandani Akruti J V, / Dy.. Commissioner of Income Tax-
 Akruti Trade Centre,            CC 36, Room No.11,
                             Vs.
 Road No.7,                      Gr.Floor, Aayakar Bhavan,
 Marol, MIDC,                    M K Road,
 Andheri (E),                    Mumbai-400020.
 Mumbai-400093
        ( /Appellant)        ..  ( / Respondent)


                  ./I.T.A. No.1175/Mum/2014
                (   / Assessment Year:2006-07)
 Asstt. Commissioner of Income / M/s Hiranandani Akruti J V,
 Tax-CC 32, Room No.32(2),         M/s Hicons Developers,
                               Vs.
 Gr.Floor,                         Akruti Trade Centre, Road No.7,
 Aayalkar Bhavan,                  Marol, MIDC,
 M K Road, Marine Lines.           Andheri (E),
 Mumbai-400020.                    Mumbai-400093
        ( /Appellant)          ..  ( / Respondent)

        ./   ./PAN. :AAAAH1443H

            / Revenue by               S/Shri Ashok Jha &
                                       K Mohandas
            /Assessee by               Shri Pawan Ved


           / Date of Hearing                :8.10.2015
           /Date of Pronouncement:8.10.2015

                              / O R D E R
Per B R Baskaran, AM:

       The appeal filed by the assessee as well as Revenue relate to the
assessment year 2006-07.


2.     In appeal No.375/Mum/2014, the assessee is aggrieved by the
decision of ld.CIT(A) in initiating the penalty proceedings under section
                                      2
                                                        I T A N o . 1 1 7 5 / Mu m / 2 0 1 4
                                                                           3 7 5 / M/ 2 0 1 4

271(1)(c) of the Income Tax Act, 1961. In appeal No.1175/Mum/2014,
the Revenue is aggrieved by the decision of ld. CIT(A) in deleting the
penalty u/s 271(1)(c) of the Act.






3.     We heard the parties and perused the record. It was pointed out by
the ld.DR that the appeal No.375/Mum/2014 filed by the assessee is
directed against the initiation of penalty proceeding by the ld.CIT(A). The
ld. DR submitted that the ld.CIT(A) has not ultimately passed any penalty
order. He further submitted the assessee cannot file any appeal for mere
initiation of penalty proceedings. The ld. AR did not dispute these factual
aspects. Accordingly, we dismiss the appeal filed by the assessee being
ITA No.375/Mum/2014 in limine as not maintainable.


4.     With regard to the appeal filed by the Revenue, it was brought to
our notice that the addition on which the impugned penalty was levied has
since been deleted by the Co-ordinate Bench of the Tribunal, vide its order
dated 7.5.2014 passed in ITA No.374/Mum/2014 for the assessment year
2006-07. Consequent thereto, the penalty order does not have legs to
stand on its own and hence is liable to be quashed.           Accordingly, the
appeal filed by the Revenue is also liable to be dismissed.







5.     In the result, both the appeals are dismissed.

       Pronounced accordingly on 8th October, 2015.

                                     8th October, 2015    
        Sd                                                sd

      (PAWAN SINGH)                               ( B.R. BASKARAN)
     JUDICIAL MEMBER                                ACCOUNTANT MEMBER


 Mumbai:        8th October, 2015.
.../ SRL , Sr. PS
                          3
                                         I T A N o . 1 1 7 5 / Mu m / 2 0 1 4
                                                            3 7 5 / M/ 2 0 1 4




    /Copy of the Order forwarded to :
1.  / The Appellant
2.    / The Respondent.
3.    () / The CIT(A)- concerned
4.      / CIT concerned
5.    ,   ,                      /
     DR, ITAT, Mumbai concerned
6.     / Guard file.

         True copy                          / BY ORDER,

                                       (Asstt. Registrar)
                                ,  /ITAT, Mumbai

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions