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ORDER UNDER SECTION 254(1)OF INCOME TAX ACT PER PAWAN SINGH, JUDICIAL MEMBER; 1. This appeal by Revenue under section 253 of the Income-tax Act (the Act) is directed against the order of ld. Commissioner of Income-tax (Appeals)- 54, Mumbai [ld. CIT(A)] dated 27.10.2016 for Assessment Year 2009-10, which in turn arises from the assessment order passed by Assessing Officer under section 143(3) read with section 153A of the Act dated 18.03.2014.
At the outset of hearing, the ld. Authorized Representative (AR) of the assessee submits that the grounds of appeal
raised by Revenue are covered against the Revenue and in favour of assessee by the decision of Hon’ble Bombay High Court in case of CIT vs. Continental Warehousing Corporation (Nhava Sheva) Ltd.(ITA No. 523, 1969 of 2013). The ld. AR Mum 2017 -Ms Shabinaa Khan of the assessee further submits that the Assessing Officer passed the assessment order under section 143(3) read with section 153A by making certain addition which was made in absence of any incriminating material against the assessee in the search operation carried out on 06.04.2011. The ld. CIT(A) granted relief to the assessee by following the decision of jurisdictional High Court in CIT vs. Continental Warehousing Corporation (Nhava Sheva) Ltd. (supra). The ld. DR for the Revenue after going through the order of ld. CIT(A), though supported the order of lower authorities and contended that the assessee was granted relief by following the decision of jurisdictional High Court in case of CIT vs. Continental Warehousing Corporation (Nhava Sheva) Ltd. (supra)
3. We have considered the rival submission of the parties and have gone through the orders of authorities below. We have noted that the search action under section 132 was carried out in case of assessee at Mumbai Airport on 06.04.2011. The search was carried out on the basis of information received from Air Intelligence Unit (AIU) Chennai that assessee is travelling by flight from Chennai to Mumbai was carrying cash. Consequent upon information search was carried on the assessee.
The statement of assessee was recorded under section 131 on 19.04.2011.
Notice under section 153A dated 14.02.2012 was served upon the assessee. In response to the notice under section 153A, the assessee filed return of income for Assessment Year 2009-10 on 15.03.2012 declaring 2 Mum 2017 -Ms Shabinaa Khan the income which was originally declared while filing return under section 139(1). The assessment was completed under section 143(3) r.w.s. 143A on 18.03.2014, the Assessing Officer while passing the assessment order made a number of addition and disallowances. On appeal before the ld. CIT(A), all the impugned addition was deleted holding that no incriminating material qua the various addition was found during the course.
We have noted that the ld. CIT(A) passed the order by following the jurisdictional High Court in CIT vs. Continental Warehousing Corporation (Nhava Sheva) Ltd. (supra). The Revenue failed to bring any cogent material to our notice or any contrary law to take any contrary decision.
Therefore, we do not find any merit in the grounds of appeal raised by Revenue. 5. In the result, appeal filed by Revenue is dismissed.