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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Chandra Poojari, AM & Shri George George K, JM
IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN
Before Shri Chandra Poojari, AM & Shri George George K, JM
ITA No.355/Coch/2019 : Asst.Year 2014-2015 M/s.The Secretary, The Joint Director of Kumaramangalam Service Vs. Income-tax (I & CI) Co-operative Bank Limited Kochi. C/o.A Kumar, 28/3085-B, Parvathy Nivas, Tagore Nagar Kadavanthara, Kochi – 682 020. PAN : AABAT0174G. (Appellant) (Respondent) ITA No.356/Coch/2019 : Asst.Year 2014-2015 M/s.The Secretary, Idukki- The Joint Director of Kanjikuzhy Service Co- Vs. Income-tax (I & CI) operative Bank Limited Kochi. C/o.A Kumar, 28/3085-B, Parvathy Nivas, Tagore Nagar Kadavanthara Kochi – 682 020. PAN : AACCT1029M. (Appellant) (Respondent) ITA No.357/Coch/2019 : Asst.Year 2014-2015 M/s.The Secretary, The Joint Director of Muthalakodam Service Co- Vs. Income-tax (I & CI) operative Bank Limited Kochi. C/o.A Kumar, 28/3085-B, Parvathy Nivas, Tagore Nagar Kadavanthara Kochi – 682 020. PAN : AAAAM1237C. (Appellant) (Respondent) ITA No.358/Coch/2019 : Asst.Year 2014-2015 M/s.The Secretary, Idukki- The Joint Director of Venmony Service Co- Vs. Income-tax (I & CI) operative Bank Limited Kochi. C/o.A Kumar, 28/3085-B, Parvathy Nivas, Tagore Nagar Kadavanthara Kochi – 682 020. PAN : AAAAI8515M. (Appellant) (Respondent)
ITA No.355/Coch/2019 & Ors. 2 M/s.The Kumaramangalam Service Co-op Bank Ltd & Ors.
ITA No.359/Coch/2019 : Asst.Year 2014-2015 M/s.The Secretary, The Joint Director of Thekkumbhagam Service Co- Vs. Income-tax (I & CI) operative Bank Limited Kochi. C/o.A Kumar, 28/3085-B, Parvathy Nivas, Tagore Nagar Kadavanthara Kochi – 682 020. PAN : AAAAT3266C. (Appellant) (Respondent) Appellants by : Sri.A.Kumar, Advocate Respondent by : Smt.A.S.Bindhu, Sr.DR
Date of Pronouncement : 18.06.2019 Date of Hearing : 18.06.2019
O R D E R Per Bench :
These appeals at the instance of the assessee are directed against separate order of the CIT(A). The orders of the CIT(A) arise out of the order passed u/s 272A(2)(c) r.w.s. 274 of the Income-tax Act, 1961.
The brief facts of the case are as follow: The assessees in the above cases have challenged the imposition of penalty u/s 272A(2)(c) of the I.T.Act. At the very outset we notice that the assessees had raised a ground in all the above appeals that the orders levying penalty are ex parte orders and hence bad in law. When the assessee received notice u/s 274 of the I.T.Act show causing for why penalty should not be imposed, the assessee had sought time stating that the provisions of issuance of notice u/s 133(6) of the I.T.Act was challenged before the Hon’ble High Court and requested the Assessing Officer to await the outcome of the
ITA No.355/Coch/2019 & Ors. 3 M/s.The Kumaramangalam Service Co-op Bank Ltd & Ors. Hon’ble High Court’s judgment. Further, it was stated that the assessee had sought time for producing the details called for in the notice issued u/s 133(6) of the I.T.Act stating that the documents called for are voluminous. Hence it contended that there was reasonable cause as mandated u/s 273B of the I.T.Act for not imposing penalty u/s 272A(2)(c) of the I.T.Act.
We have heard the rival submissions and perused the material on record. We find that in all the above cases, the Assessing Officer’s have passed penalty orders without hearing the assessees. Therefore, in the interest of justice and equity, as a last chance, we are of the view that the assessees should be given one more opportunity of hearing in the above cases. For the limited purpose of hearing the assessee and to comply with the principle of natural justice, we restore the above cases to the Assessing Officer. The assessees shall co- operative with the Department and shall submit before the Assessing Officer that there is reasonable cause as mandated u/s 273B for non-levy of penalty u/s 272A(2)(c) of the I.T.Act. It is ordered accordingly.
In the result, the appeals filed by the assessees are allowed for statistical purposes. Order pronounced on this 18th day of June, 2019.
Sd/- Sd/- (Chandra Poojari) (George George K.) ACCOUNTANT MEMBER JUDICIAL MEMBER
Cochin ; Dated : 18th June, 2019. Devdas*
ITA No.355/Coch/2019 & Ors. 4 M/s.The Kumaramangalam Service Co-op Bank Ltd & Ors.
Copy of the Order forwarded to : 1. The Appellants. 2. The Respondent. 3. The CIT, Kochi. 4. CIT(A)-I, Kochi. 5. DR, ITAT, Cochin 6. Guard file. BY ORDER,
(Asstt. Registrar) ITAT, Cochin