UMANG BOARDS (MUMBAI), PVT. LTD,JAIPUR vs. WARD 14(3)(1), MUMBAI, MUMBAI
IN THE INCOME TAX APPELLATE TRIBUNAL
‘F’ BENCH, MUMBAI
BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER
&
SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER
(HYBRID HEARING)
Umang Boards (Mumbai) Pvt. Ltd.,
Umang House
7-B, Bharat Mata Path
Jamna Lal Bajaj Marg
C-Scheme, JaipuR-301001
Rajasthan
Vs. Ward-14(3)(1)
Aayakar Bhawan
Mumbai -400020
Maharashtra
PAN/GIR No.AABCU0882C
(Appellant)
..
(Respondent)
Assessee Represented by Shri Rohan Sogani
(Virtually Appeared)
Revenue Represented by Smt. Kavita P. Kaushik
Date of Conclusion of Hearing
01.05.2025
Date of Pronouncement
19.05.2025
आदेश / O R D E R
PER AMIT SHUKLA (JM):
The aforesaid appeal has been filed by the assessee against order dated 23.10.2024 passed in relation to penalty proceedings u/s. 271(1)(c) of the Income Tax Act, 1961 (in short “Act”) for levying penalty of Rs. 14,52,300/- for the A.Y.
2012-13. Umang Boards (Mumbai) Pvt. Ltd.,
2
2. At the outset, Ld. Counsel for the assessee submitted that in the quantum proceedings, the Tribunal has remitted back the issue back to the file of Ld. CIT(A) for necessary verification and fresh adjudication.
Since quantum appeal has been set-aside to the file of ld.CIT(A), therefore, the impugned penalty order is also remitted back to the file of ld. CIT(A) to decide penalty appeal after deciding the quantum appeal in accordance with law, after giving due opportunity of hearing to the assessee.
Accordingly, appeal of the assessee is allowed for statistical purposes.
In the result, appeal of the assessee is allowed for statistical purposes.
Order pronounced on 19th May, 2025. (PRABHASH SHANKAR) (AMIT SHUKLA)
ACCOUNTANT MEMBER
JUDICIAL MEMBER
Mumbai; Dated 19/05/2025
Giridhar, sr.ps
Umang Boards (Mumbai) Pvt. Ltd.,
Copy of the Order forwarded to :
BY ORDER,
(Asstt.