{"id":38339,"date":"2024-01-11T14:16:38","date_gmt":"2024-01-11T08:46:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dombivali-paper-mfg-co-pvt-ltd-v-acit-mum-trib-www-itatonline-org\/"},"modified":"2024-01-11T14:16:38","modified_gmt":"2024-01-11T08:46:38","slug":"dombivali-paper-mfg-co-pvt-ltd-v-acit-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dombivali-paper-mfg-co-pvt-ltd-v-acit-mum-trib-www-itatonline-org\/","title":{"rendered":"Dombivali Paper Mfg. Co. Pvt. Ltd v. ACIT ( Mum)( Trib) www.itatonline .org"},"content":{"rendered":"<p>The Assessing Officer levied penalty under section 271(1)(c ) of the Act , in respect of alleged bogus purchases which was estimated at 12. 5%\u00a0 by the Income Tax Appellate \u00a0Tribunal . On appeal the CIT (A) passed an ex parte order dismissing the appeal . On appeal against the ex prate order\u00a0 , the Tribunal held that <strong>\u00a0<\/strong>\u00a0normally, when the order of the First Appellate court is an <em>ex parte <\/em>order, wherein the assessee is not found to be at fault, Tribunal would be inclined to remand the matter back to the First Appellate court. However, when the necessary facts and circumstances and material on the basis of which, the issue in the appeal has \u00a0to be decided, are already on record, this Tribunal would be slow in directing such remand which may ultimately lead to multiplicity of proceedings. In the present case, the Tribunal\u00a0 found \u00a0that the circumstances which are relevant for the purpose of deciding the issue involved are matters of record and, accordingly the matter is decided on merit . Tribunal following the ratio in <em>\u00a0<\/em>ITO v .Krishi Tyre Retreading &amp; Rubber Industries (2014) \u00a0\u00a0360 ITR 580 ( Raj ) ( HC) \u00a0CIT v. \u00a0Whitelene Chemicals \u00a0(2014) 360 ITR 385 ( Guj)( HC) , wherein the Courts have held\u00a0 that when the income is estimated\u00a0 levy of penalty is not justified . Accordingly the Tribunal \u00a0deleted the penalty .( \u00a0ITA NO. 2734\/MUM\/2023 \u00a0dt . 6-12 -2023 ) ( AY. 2011 -12 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty \u2013 Concealment \u2013Bogus purchases \u2013 Estimate of income -Ex -parte order \u2013 Penalty is deleted \u2013 Tribunal also observed that  when the necessary facts and circumstances and material on the basis of which, the issue in the appeal has  to be decided, are already on record, this Tribunal would be slow in directing such remand which may ultimately lead to multiplicity of proceedings . [ S. 250 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38339","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Yn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38339"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38339\/revisions"}],"predecessor-version":[{"id":38340,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38339\/revisions\/38340"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}