NAVNITLAL K PARIKH,MUMBAI vs. ACIT CC-45, MUMBAI

The appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri Ramit Kocharassessment Years: 2004-05 Mr. Navnitlal K. Parikh, Acit, F-2, 77 & 78 Gujrati Society Cc-45, बनाम/ Nehru Road, Vile Parle (E), Aayakar Bhavan, Vs. Mumbai-400057 M.K. Road, Mumbai-400020 ("नधा"रती/Assessee) (राज"व /Revenue) Pa No.:-Aaccp6245F "नधा"रती क" ओर से / Assessee By Shri Shailesh Parmar Shri Suman Kumar-Dr राज"व क" ओर से / Revenue By 05/04/2017 सुनवाई क" तार"ख / Date Of Hearing : 18/04/2017 आदेश क" तार"ख /Date Of Order: Mr. Navnitlal K. Parikh

penalty levied by the AO u/s 271(1)(c) of the Act in all the years under consideration.” 5.9 Similarly, in the case of Shri Prem Arora (supra), the Delhi Bench of this Tribunal has held in paragraph 9 to 12 as under: 9. We have heard both the parties and gone through the material available on record. The first

M/S.BALAJI BULLION & COMMODITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE-40, MUMBAI

In the result, both the appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shri Amarjit Singh, Jm Balaji Bullion & Commodities The Dy. Commissioner Of (India) Private Limited Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002 (Appellant) (Respondent) Pan No. Aadcbo236F Balaji Universal Tradelinks P. The Dy. Commissioner Of Ltd. Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002

penalty proceedings u/s. 271 (1) (c) of the Income Tax Act, 1961. 23. Any other ground or grounds as may be urged at the time of hearing.” 06. Assessee in ITA No 1292 is a company engaged in trading in gold bar, gold jewellery, cut and polished diamonds in manufacturing of gold jewelry etc. For impugned assessment year assessee filed

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

HELLIOS EXPORTS LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-20

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI vs. DCIT, CC- 8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-400020

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2)., MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI vs. M/S CITRON INFRAPROJECTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD MUMBAI ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI MUMBAI MUMB, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

SHRIVALLABH PITTIE INDUSTRIES LTD ,MUMBAI. vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

penalty u/s 271AAB(1A) in the instant case where no additions were made and, in a year, where the section was non- existent. o. In the case of Citron Infraprojects Ltd, for AY 2012-13 to AY 2018-19, the approval number granted by the Addl. CIT has not been mentioned in the Assessment Orders. p. In the case