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Showing contexts for: vasai in Vasai Vikas Shakari Bank Ltd, Vasai vs Dcit Cir 4, Thane on 22 March, 2018Matching Fragments
आयकर अपील य अ धकरण "एफ" यायपीठ मुंबई म।
IN THE INCOME TAX APPELLATE TRIBUNAL "F " BENCH, MUMBAI BEFORE SHRI SHAMIM YAHYA, AM AND SHRI PAWAN SINGH, JM आयकर अपील सं./I.T.A. No.6660/Mum/2016 ( नधारण वष / Assessment Year: 2012-13) Vasai Vikas Sahakari Bank Ltd. ACIT, Circle-4, Samaj Mandir, Opp. New English High बनाम/ Thane School, Parnaka, Vasai (W)-401 201 Vs. थायी ले खा सं . /जीआइआर सं . /PAN/GIR No. AAAAV 0519 Q (अपीलाथ /Appellant) : ( यथ / Respondent) अपीलाथ क ओर से / Appellant by : None यथ क ओर से/Respondent by : Ms. Pooja Swaroop सुनवाई क तार ख / : 22.03.2018 Date of Hearing घोषणा क तार ख / : 22.03.2018 Date of Pronouncement आदे श / O R D E R Per Shamim Yahya, A. M.:
Vasai Vikas Sahakari Bank Ltd.
2. In the facts and circumstances of the case and in law, the learned ld. Commissioner of Income Tax (Appeals) erred in confirming the same by disregarding several judgments and also overlooking the fact that similar penalty was deleted in A.Y. 2010-11.
Vasai Vikas Sahakari Bank Ltd.
5. Upon carefully considering the facts we find that since in the identical situation the ITAT has confirmed the deletion of the penalty, on same facts penalty cannot be levied. Hence, respectfully following the decision of the co-ordinate bench in the assessee's own case, we set aside the orders of the authorities below and delete the levy of penalty.
6. In the result, this appeal by the assessee stands allowed.