Punjab Urban Planning & Development ... vs Assessee
- CitationITA No. 680/CHD/2014
Ratio decidendi
The rule this decision rests on
The instalments received from allottees under a hire-purchase housing scheme are to be taxed on a receipt basis, and expenditure on construction relating to the scheme is to be allowed, where the same issue has already been decided against the assessee by the Tribunal in an earlier assessment year on identical facts and the Tribunal's order in that case is followed.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
M/s Punjab Urban Planning & Vs The DCI T, Development Authority, Circle 6(1), PUDA Bhawan, Mohali. Sector 62, Mohali.
PAN: AAALP0045J
(Appellant) (Respondent)
Appellant by : Shri Parikshit Aggarwal Respondent by : Dr. Amarveer Singh
Date of Hearing : 18.02.2015 Date of Pronouncement : 19.02.2015
O R D E R
PER BHAVNESH SAINI,JM
Th i s a p p e a l b y as s e s s e e i s d i re c te d a g a i n st t h e or d e r
of ld. CI T( A p pe a l s ) C h a nd i g a rh dated 2 8 . 05 .2 0 1 4 for
a s s e s s m e nt y e a r 2 0 1 0 - 1 1 , c h a l l en g i n g t h e a d d i ti o n o f R s .
2 2 , 1 3 , 0 1 0/ - on account of i n s t a l l m e nt s of housing
s c h e m e s so l d u nd e r t e n a nc y a g ree m e n t o f h i r e pur c h a s e .
2. Th e l d . C I T( A p p e a l s ) n o t e d t h a t as s e s s e e w a s t r e at i ng
t h e r e c e i p ts f r om a l l o t t e es o n a c c o u n t o f i ns t al l m e n t s o f
h o u s i n g s c h e m e s a s c a p i t a l re c e i p t s a n d w a s sh o w i n g s u ch
r e c e i p t s u n d e r h e a d " W or k e xec u t e d b y P U D A" t i l l t h e
c o m p l e t i on o f th e t e n u r e o f t he s c h e m e . Th e A s s e s s i n g 2
Officer he l d t he s e receipts as revenue r e c ei p t s a nd
included this amount in the taxable i n c o me of the
assessee. Th e l d . CI T( A p p e al s) n o t e d t h a t th e i s s u e of
t a x a b i l i t y o f a mo u n t o f i n s t a l l me n t a r o s e i n e a rl i e r y e a r s
a l s o a n d I TA T C h a n d i g a r h v i d e or d e r d a t ed 0 6 . 12. 2 0 1 3 i n
I TA No. 7 6 2 / CH D / 2 0 0 7 in as s e s s m e n t y ea r 2003-04
d e c i d e d t h e i s su e a g a i ns t t h e a s s e s s e e . Th e o p e r a t i v e
p o r t i o n o f th e o rd e r o f t h e Tr i b un a l i s q u o t ed i n p a r a 3 .2
o f t h e i m p ug n e d o r d e r . Th e l d . CI T( A p p e a l s ) , th e r e f o r e ,
f o u n d t ha t fa c t s o f t hi s ye a r be i n g i d e nt i c a l a n d f o l l o wi n g
t h e o r d e r o f t h e Tr i b u n a l h e l d t h a t t h e i n s t al l me n t s h a ve
to be t a x ed on r e c e i pt b a si s and e x pe n di t u r e on
c o n s t r u c ti o n r e l a t i n g t o t he h i re p u r c h a s e s c h em e h a s to
b e a l l o w e d. Th e l d . CI T( A p p e a l s ) , t h e r e fo r e , d i re c t e d t h e
A s s e s s i n g O f f i c er a c c o r di n g l y . Th i s g r o u n d wa s p a r t l y
allowed.
3. Th e l d . c o u n s e l f o r t h e a s s e s s e e ve r y f a i r l y s t a t ed t h a t
i s s u e i s c ov e r e d a g a i n s t t he a s s es s e e b y j u dg e m en t o f I TA T
C h a n d i g a rh B en c h in the c as e of the a s se s s e e for
a s s e s s m e nt y e a r 2 0 0 3 - 0 4 d a t e d 0 6 . 1 2 . 2 0 1 3 ( s up r a ) . He
has further s ub m i t t e d that fa c t s have a l r ea d y been
e x a m i n e d a n d t he r e i s n o n e e d f o r t h e A s s e s s i n g O f f i c e r to
e x a m i n e th e i s sue a g a i n .
4. In view of the s u b m i ss i o n of ld. c o u n s el f or t he
a s s e s s e e , w e d o n o t f i n d a n y e rro r i n t he o r d er o f t h e l d .
C I T( A p p e al s ) i n f o l l o w i ng t h e o rd e r o f t h e Tr i b un a l i n t h e 3
c a s e o f t h e s a me a s s e s s e e . Th e a p p e a l o f t h e a ss es s e e h a s
n o m e r i t a n d i s ac c o r d i n g l y d i s mi s s e d .
5. I n t h e r es u l t , a pp e a l o f t h e a s se ss e e i s di s m i s s ed .
Order p ro n o u n ce d in t he O pe n Court on 19th
F e b r u a r y ,2 0 1 5 .
Sd/- Sd/-
(T.R.SOOD) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER
Dated: 19 t h February,2015. 'Poonam' Copy to:
The Appellant, The Respondent, The CI T(A), The CI T,DR
Assistant Registrar, I TAT Chandigarh
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