|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
« Vaneet Arora Unit No. 134, Rectangle -1, New Delhi – 110... | Planned changes to transfer pricing documentation... » |
ACIT Circle -16(1) New Delhi. vs. Thyssen Krupp Elevator (India) Pvt. Ltd. (Formerly Thyssen Krupp ECE Elevator Pvt.Ltd.) Plot No. 330, Functional Industrial Estate, |
|
August, 12th 2015 |
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCHES : "H" NEW DELHI
BEFORE SHRI G.C. GUPTA, VICE PRESIDENT
AND SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER
ITA No: 2402/Del/2012
Asstt. Year : - 2003-04
ACIT vs. Thyssen Krupp Elevator (India) Pvt. Ltd.
Circle -16(1) (Formerly Thyssen Krupp ECE Elevator Pvt.Ltd.)
New Delhi. Plot No. 330, Functional Industrial Estate,
Patparganj, New Delhi 110 092
(PAN AABCT6921F)
(Appellant) (Respondent)
Appellant by : Shri J.P. Chandrekar,Sr. DR
Respondent by :Shri Raman Bhatia, Advocate
Date of Hearing : 29.7.2015
Date of pronouncement : 11.8. 2015
ORDER
PER G.C. GUPTA, VICE PRESIDENT
This appeal by the revenue for the assessment year 2003-04 is directed
against the order of the CIT(A). The only ground of appeal of the revenue is as
under :-
"On the facts and in the circumstances of the case and in law the learned
CIT(A) erred deleting penalty of Rs. 89,90,226/- imposed u/s 271(1)(c) of the
I.T. Act, 1961."
2. Ld. Counsel for the assessee submitted that the addition made in the
assessment case of the assessee for the relevant assessment year 2003-04 has been
deleted in appeal by the Tribunal in ITA Nos. 153,154/Del/2008 dated 29.8.2014.
Therefore, there remains no basis in imposition of penalty u/s 271(1)(c) of the Act.
The Ld. DR has relied on order of the AO.
ITA No.2402/Del/2012
ACIT vs. Thyssen Krupp Elevator (India)
3. We have considered the rival submissions and have perused the order of the
AO and CIT(A). In the quantum appeal of the assessee the very additions made in
the case of the assessee for the relevant assessment year 2003-04 has been deleted
by the Tribunal vide its order dated 29.8.2014 (supra), we hold that there remains
no basis for imposition of penalty u/s 271(1)(c) of the Act and accordingly the
ground of appeal of the revenue is dismissed.
4. In the result, the appeal filed by the revenue is dismissed.
Order pronounced in the open court on 11.8. 2015.
sd/- sd/-
(J. SUDHAKAR REDDY) (G.C. GUPTA)
ACCOUNTANT MEMBER VICE PRESIDENT
Dated: the 11.8.2015
`veena'
Copy of the Order forwarded to:
1. Appellant
2. Respondent
3. CIT
4. CIT(A)
5. DR
6. Guard File By order
Dy. Registrar
Sl. Description Date
No.
1. Date of dictation by the Author 29.7.2015
2. Draft placed before the Dictating Member 30.7.2015
2
ITA No.2402/Del/2012
ACIT vs. Thyssen Krupp Elevator (India)
3. Draft placed before the Second Member
4. Draft approved by the Second Member
5. Date of approved order comes to the Sr. PS
6. Date of pronouncement of order
7. Date of file sent to the Bench Clerk
8. Date on which file goes to the Head Clerk
9. Date of dispatch of order
3
|
|
|
|
|
|
|
|
|
Copyright 2024 CAinINDIA All Right Reserved. Designed and Developed by Ritz Consulting
|
|
|
|
|
|