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INCOME TAX APPELLATE TRIBUNAL (HYDERABAD BENCH)
MANJUNATHA G., Accountant Member, RAVISH SOOD, Judicial Member
Tulip Granites Pvt Ltd – Appellant
Versus
ACIT-Central Circle - 1(2) – Respondent
| Table of Content |
|---|
| 1. consolidated appeals on penalty issues (Para 1 , 2) |
| 2. search, assessment, penalty initiation facts (Para 3 , 4 , 5) |
| 3. cit(a) upholds penalty proceedings (Para 6 , 7 , 8) |
| 4. assessee challenges wrong explanation mismatch (Para 9 , 10) |
| 5. revenue defends penalty initiation (Para 11 , 12) |
| 6. scn under wrong explanation vitiates penalty (Para 13 , 14 , 15 , 16 , 17) |
| 7. ay 2010-11 appeal allowed (Para 18 , 19) |
| 8. ay 2013-14 mismatch and mat arguments (Para 20 , 21) |
| 9. revenue counters ay 2013-14 (Para 22 , 23 , 24) |
| 10. no penalty under mat pre-2016 amendment (Para 25 , 26 , 27 , 28) |
| 11. ay 2013-14 appeal allowed (Para 29 , 30) |
| 12. all appeals allowed (Para 31 , 32 , 33) |
ORDER
PER MANJUNATHA G., A.M:
The appeals filed by the assessee are directed against the separate, but identical orders of the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi (for short “Ld.CIT(A)”) all dated 26.08.2025, pertaining to the assessment years 2010-11, 2013-14 & 2015-16, respectively. Since common issues are involved in these appeals, the same were heard together and are being disposed of by this single consolidated order for the sake of convenience and brev
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