QUALITY ENTEX P.LTD, MUMBAI v. ACIT 1(3), MUMBAI

ITA 2749/MUM/2011 | 2004-2005
Pronouncement Date: 14-10-2013 | Result: Partly Allowed

Appeal Details

RSA Number 274919914 RSA 2011
Assessee PAN AAACQ0695G
Bench Mumbai
Appeal Number ITA 2749/MUM/2011
Duration Of Justice 2 year(s) 6 month(s) 6 day(s)
Appellant QUALITY ENTEX P.LTD, MUMBAI
Respondent ACIT 1(3), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 14-10-2013
Appeal Filed By Assessee
Order Result Partly Allowed
Bench Allotted D
Tribunal Order Date 14-10-2013
Date Of Final Hearing 14-10-2013
Next Hearing Date 14-10-2013
Assessment Year 2004-2005
Appeal Filed On 08-04-2011
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH MUMBAI . . . ! ' # BEFORE SHRI I.P. BANSAL JM AND RAJENDRA AM ./ I.T.A. NO.2749/MUM/2011 ( $ $ $ $ % % % % / ASSESSMENT YEAR : 2004-05 QUALITY INTEX PVT. LTD. UNIT NO.130 1 ST FLOOR B-1 SONAL INDUSTRIAL ESTATE LINK ROAD KACHAPADA MALAD(W) MUMBAI 400064 $ $ $ $ / VS. THE INCOME TAX OFFICER WARD 9(3)(4) AAYKAR BHAVAN 101 MK ROAD MUMBAI 400020 & ' ./ ' ./ PAN/GIR NO. : AAACQ 0695G ( &( / APPELLANT ) .. ( )*&( / RESPONDENT ) &( + / APPELLANT BY: NONE )*&( + / RESPONDENT BY : SHRI SANJEEV JAIN $ -' / DATE OF HEARING : 14/10/2013 ./% -' / DATE OF PRONOUNCEMENT : 14/10/2013 0 / O R D E R PER I.P.BANSAL J.M: THIS IS AN APPEAL FILED BY THE ASSESSEE. IT IS D IRECTED AGAINST THE ORDER PASSED BY LD. CIT(A)-20 MUMBAI DATED 07/02/2011 FOR ASSESSMENT YEAR 2003- 04. THE SOLE GRIEVANCE OF THE ASSESSEE IS REGARDIN G SUSTENANCE OF CONCEALMENT PENALTY OF RS. 1 75 000/-. 2. THE NOTICE OF HEARING WAS SENT TO THE ASSESSEE HOWEVER NONE WAS PRESENT ON BEHALF OF THE ASSESSEE. AT THE TIME OF HEARING LD. DR SUBMITTED THAT THE QUANTUM PROCEEDINGS HAVE BEEN RESTORED TO THE FILE OF AO BY THE TRIBUNAL VIDE ORDER DATED 25/05/2012 IN ITA NO.2391/MUM/2009. HE HAS PLACED ON RECORD A COPY OF THE AFOREMENTIONED ORDER OF THE TRIBUNAL. FROM THE SAID COPY OF THE ./ I.T.A. NO.2749/MUM/2011 ( $ $ $ $ % % % % / ASSESSMENT YEAR : 2004-05 2 ORDER IT WAS OBSERVED THAT THE ISSUE REGARDING ADD ITION OF RS.4 55 059/- PERTAINING TO THREE PARTIES NAMELY RS.1 42 079/- IN THE NAME OF M/S. TREND PHARMA P. LTD.; RS.2 07 980/- IN THE NAME OF M/S. G OPAL DAS VISHRAM & COMPANY AND RS.1 05 000/- IN THE NAME OF M/S. P.R. ENTERPRISES WAS RESTORED BACK TO THE FILE OF A.O. 3. IN THIS VIEW OF THE SITUATION AFTER HEARING LD. DR AS THE QUANTUM HAS ALREADY BEEN RESTORED TO THE FILE OF AO WE RESTORE THESE PROCEEDINGS ALSO TO THE FILE OF AO WITH A DIRECTION TO RE-ADJUDICATE THE SA ME AFTER DECIDING THE ISSUE OF QUANTUM. WE DIRECT ACCORDINGLY. 4. IN THE RESULT FOR STATISTICAL PURPOSES THE APPE AL FILED BY THE ASSESSEE IS TREATED AS ALLOWED IN THE MANNER AFORESAID. ORDER PRONOUNCED IN THE OPEN COURT ON 14 /10/2013 0 ./% ' 1 2$3 14 /10//2013 / 4 SD/- SD/- ! (RAJENDRA) . . (I.P.BANSAL) ' /ACCOUNTANT MEMBER /JUDICIAL MEMBER MUMBAI; 2$ DATED 14/10/2013 . $ . .VM SR. PS 0 0 0 0 )-56 )-56 )-56 )-56 7 6%- 7 6%- 7 6%- 7 6%- / COPY OF THE ORDER FORWARDED TO : 1. &( / THE APPELLANT 2. )*&( / THE RESPONDENT. 3. 8 ( ) / THE CIT(A)- 4. 8 / CIT 5. 694 )-$ / DR ITAT MUMBAI 6. 4: ; / GUARD FILE. 0$ 0$ 0$ 0$ / BY ORDER *6- )- //TRUE COPY// < << < / = = = = (DY./ASSTT. REGISTRAR) / ITAT MUMBAI