M/S. JOHNSON & JOHNSON LTD, MUMBAI v. THE DCIT RG 5(2), MUMBAI

ITA 3262/MUM/2008 | 2000-2001
Pronouncement Date: 24-10-2013 | Result: Allowed

Appeal Details

RSA Number 326219914 RSA 2008
Assessee PAN AAACJ0866E
Bench Mumbai
Appeal Number ITA 3262/MUM/2008
Duration Of Justice 5 year(s) 5 month(s) 15 day(s)
Appellant M/S. JOHNSON & JOHNSON LTD, MUMBAI
Respondent THE DCIT RG 5(2), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 24-10-2013
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted J
Tribunal Order Date 24-10-2013
Date Of Final Hearing 24-10-2013
Next Hearing Date 24-10-2013
Assessment Year 2000-2001
Appeal Filed On 09-05-2008
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL J BENCH MUMBAI BEFORE SHRI H.L.KARWA PRESIDENT & SHRI N.K.BILLAIYA AM ITA NO . 3262 / MUM/ 20 08 ( ASSESSMENT YEAR : 20 0 0 - 20 0 1 ) JOHNSON & JOHNSON LTD. 30 FORJETT STREET MUMBAI - 400 036 VS. DCIT RG.5(2) MUMBAI PAN/GIR NO. : A A ACJ 0866 E ( APPELLANT ) .. ( RESPONDENT ) /ASSESSEE BY : M R . M.P.LOHIA & MR. NIKHIL TIWARI /REVENUE BY : MR. K.C.PATNAIK . DATE OF HEARING : 2 4 TH DATE OF PRONOUNCEMENT : 2 4 TH OCTOBER 2013 O R D E R PER N.K.BILLAIYA AM : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE CIT(A) - V MUMBAI DATED 28 - 2 - 2008 PERTAINING TO ASSESSMENT YEAR 20 0 0 - 200 1 . 2 . THE GRIEVANCE OF THE ASSESSEE RELATES TO THE LEVY OF PENALTY UNDER SECTION 271(1)(C) OF THE ACT. 3 . AT THE VERY OUTSET LEARNED COUNSEL FOR THE ASSESSEE BROUGHT TO OUR NOTICE THE ORDER OF THE TRIBUNAL IN ASSESSEES OWN CASE FOR ASSESSMENT YEARS 2000 - 01 & 2001 - 02 PASSED IN ITA NO S . 3289 & 9437 /M/ 2004 VIDE ORDER DATED 15 - 2 - 2013 . IT IS SAY OF THE LEARNED COUNSEL THAT THE TRIBUNAL HAS RESTORED THE QUANTUM ADDITION BACK TO THE FILES OF THE AO FOR DECIDING IT AFRESH. ITA NO. 3262 / 08 2 4 . LEARNED DR FAIRLY CONCEDED TO THE ABOVE SUBMISSION OF THE LEARNED COUNSEL FOR THE ASSESSEE. 5 . WE HAVE CAREFULLY PE RUSED THE ORDERS OF THE LOWER AUTHORITIES AND THE ORDER OF THE TRIBUNAL PLACED BEFORE US IN ASSESSEES OWN CASE IN QUANTUM APPEALS. WE FIND THAT THE TRIBUNAL IN PARA 3 AT PAGE 2 OF ITS ORDER HAS RESTORED THE QUANTUM ADDITION BACK TO THE FILES OF THE AO. TH E BASIS FOR THE LEVY OF PENALTY DOES NOT SURVIVE FOR THE MOMENT. ACCORDINGLY WE ALLOW THE APPEAL OF THE ASSESSEE. 6 . RESULTANTLY THE APPEAL OF THE ASSESSEE IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 4 /10/ 2013 . SD/ - ( ) ( H.L.KARWA ) SD/ - ( ) ( N.K.BILLAIYA ) / PRESIDENT / ACCOUNTANT MEMBER MUMBAI ; D ATED : 2 4 /10 /2013 /PKM PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) MUMBAI. 4. / CIT 5. / DR ITAT MUMBAI 6. GUARD FILE. //TRUE COPY// / BY ORDER ( ASSTT. REGISTRAR) / ITAT MUMBAI