Jolly Fantasy World Ltd.,, Baroda v. The ACIT., Circle-1(2),, Baroda

IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD AHMEDABAD B BENCH (BEFORE S/SHRI G.D. AGARWAL VICE-PRESIDENT AND BHAVESH SAINI JUDICIAL MEMBER) IT(SS)A.NO.217/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] SANJAY A. CHOKSHI VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.218/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] KOKILABEN A.CHOKSHI VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.219/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] ARUN R.CHOKSHI VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.220/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] HITESH A. CHOKSHI VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.221/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] JOLLY FANTASY WORLD LTD. RAINBOW HOUSE 2 ND FLOOR PRATAP ROAD RAOPURA BARODA. VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.223/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] JOLLY TEA(INDIA) LTD. RAINBOW HOUSE 2 ND FLOOR PRATAP ROAD RAOPURA BARODA. VS. ACIT CIR.1(2) BARODA. IT(SS)A.NO.224/AHD/2006 [BLOCK PERIOD : AY 1986-87 TO 15-12-95] JOLLY LEASING & FINSTOCK LTD. RAINBOW HOUSE 2 ND FLOOR PRATAP ROAD RAOPURA BARODA. VS. ACIT CIR.1(2) BARODA. (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI S.N.SOPARKAR REVENUE BY : SHRI C.K. MISHRA O R D E R PER G.D. AGARWAL VICE-PRESIDENT: THESE ARE SEVEN APPEALS FILED BY THE DIFFERENT ASSESSEES AGAINST THE RESPECTIVE O RDERS OF THE CIT(A)-I BARODA. THE COMMON GRIEVANCE IN ALL THE APPEALS IS AGAINST IMPOSITION OF PENALTY UNDER SECTION 221(1) OF THE INCOME TAX ACT 1961 AS SET O UT IN THE RESPECTIVE GROUNDS OF APPEALS. ALL THE ABOVE ASSESSEES ARE BE LONGED TO CHOKSHI GROUP IT(SS)A.NO.217/AHD/2006 AND 6 OTHERS -2- AND RELATED TO EACH OTHER. FOR THE SAKE OF CONVENI ENCE WE DISPOSE OF ALL THESE APPEALS BY THIS COMMON ORDER. 2. AT THE TIME OF HEARING THE ASSESSEES THROUGH TH EIR COUNSEL FILED LETTERS DATED 20-03-2010 STATING THAT THEY INTEND TO WITHDR AW THEIR RESPECTIVE APPEALS FILED AND SOUGHT FOR PERMISSION TO DO SO. THE LEAN ED DR DID NOT OPPOSE TO THE REQUEST OF THE ASSESSEE. 3. IN VIEW OF THE ABOVE LETTERS AND THE REQUEST OF THE LEARNED COUNSEL FOR THE ASSESSEES WE DISMISS ALL THE APPEALS OF THE ASSESS EES AS BEING WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 7 TH APRIL 2010. SD/- SD/- (BHAVESH SAINI) JUDICIAL MEMBER (G.D. AGARWAL) VICE-PRESIDENT PLACE : AHMEDABAD DATE : 07-04-2010 VK* COPY OF THE ORDER FORWARDED TO: 1) : APPELLANT 2) : RESPONDENT 3) : CIT(A) 4) : CIT CONCERNED 5) : DR ITAT. BY ORDER AR ITAT AHMEDABAD