MOHITE AND MOHITE (ENGINEERS AND CONTRACTORS),KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, , KOLHAPUR
In the result, the appeal filed by the assessee in ITA
ITA 288/PUN/2022[2015-16]Status: DisposedITAT Pune22 Dec 2022AY 2015-16
Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita Nos.286 To 288/Pun/2022 िनधा"रण वष" / Assessment Years : 2013-14 To 2015-16 Mohite & Mohite Vs. Acit, Central Circle, (Engineers & Contractors), Kolhapur. 240/B, Mohite House, General Thorat Marg, Tarabai Park, Kolhapur- 416003. Pan : Aacfm4102F Appellant Respondent Assessee By : None Revenue By : Shri Suhas Kulkarni Date Of Hearing : 21.12.2022 Date Of Pronouncement : 22.12.2022 आदेश / Order Per Inturi Rama Rao, Am: These Are The Appeals Filed By The Assessee Directed Against The Separate Orders Of The Ld. Cit(A)-11, Pune [‘The Cit(A)’] Dated 15.02.2022 For The Assessment Years 2013-14, 2014-15 & 2015-16 Respectively. 2. Since The Identical Facts & Common Issues Are Involved In All The Above Captioned Three Appeals, We Proceed To Dispose Of The Same By This Common Order. 3. For The Sake Of Convenience & Clarity, The Facts Relevant To The Appeal In Ita No.286/Pun/2022 For The Assessment Year 2013-14 Are Stated Herein.
For Appellant: NoneFor Respondent: Shri Suhas Kulkarni
Section 143(3)Section 271(1)(c)Section 50
section 50 by reducing the sale consideration from the opening WDV and brought to tax a sum of Rs.44,63,718/-. This addition was not contested in appellate forum. Thus, the assessment made by the Assessing
Officer attained the finality.
Simultaneously, the Assessing Officer also initiated the penalty proceedings u/s 271(1)(c) for alleging that the appellant firm
