M/S. SUPARSHAV SYNTHETICS PVT. LTD., ,BHILWARA vs. ACIT, CIRCLE, BHILWARA
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Income Tax Appellate Tribunal, JODHPUR BENCH ‘SMC’: JODHPUR
IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH ‘SMC’: JODHPUR (Through Video Conferencing) BEFORE, SHRI SAKTIJIT DEY, VICE PRESIDENT AND DR. B.R.R. KUMAR, ACCOUNTANT MEMBER ITA No.342/JODH/2019 (ASSESSMENT YEAR 2014-15) M/s Suparshav ACIT Synthetics Pvt. Ltd. Circle Bhilwara 115, Main Sector Vs. Shastri Nagar Bhilwara-311 001 Rajsthan PAN-AAOCS 2555B (Appellant) (Respondent) Appellant by None Respondent by Mr. Rajeev Mohan, JCIT-DR Date of Hearing 22/09/2023 Date of Pronouncement 27/10/2023
ORDER PER DR. B.R.R. KUMAR, AM: This appeal is preferred by the Assessee against order dated 02/07/2019 passed by the Learned Commissioner of Income Tax (Appeals)-Ajmer {CIT(A)} for Assessment Year 2014-15.
2 ITA No.342/Jodh/2019 M/s Suparshav Synthetics Pvt. Ltd. vs. ACIT
The assessee has raised the following grounds of appeal: “1. Confirming the penalty u/sec. 271(1)(c) of Rs.3,38,000.00 is bad in law. 2. Any other matter with prior permission of the Chair.”
On record, we find that the quantum addition has been deleted vide the order of Co-ordinate Bench of ITAT, Jodhpur, in ITA No.174/Jodh/2018 dated 31/08/2020 and, hence, the penalty levied in this case is liable to be deleted.
In the result, the appeal of the Assessee is allowed.
Order pronounced in the open Court on 27th October, 2023.
Sd/- Sd/- (SAKTIJIT DEY) (DR. B.R.R. KUMAR) VICE PRESIDENT ACCOUNTANT MEMBER Dated:27/10/2023 PK/Ps Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, JODHPUR