Appeal Details
| RSA Number | 106123514 RSA 2009 |
|---|---|
| Assessee PAN | ADAPA4902G |
| Bench | Kolkata |
| Appeal Number | ITA 1061/KOL/2009 |
| Duration Of Justice | 2 year(s) 5 month(s) 27 day(s) |
| Appellant | Sri Kedar Nath Agarwal, Kolkata |
| Respondent | D.C.I.T., Circle-35, Kolkata, Kolkata |
| Appeal Type | Income Tax Appeal |
| Pronouncement Date | 15-12-2011 |
| Appeal Filed By | Assessee |
| Bench Allotted | B |
| Tribunal Order Date | 15-12-2011 |
| Assessment Year | 2005-2006 |
| Appeal Filed On | 18-06-2009 |
| Judgment Text |
IN THE INCOME TAX APPELLATE TRIBUNAL BEN CH B KOLKATA () BEFORE SHRI MAHAVIR SINGH JUDICIAL MEMBER. /AND . .. .!' !'!' !'. .. . #$ SHRI C.D.RAO ACCOUNTANT MEMBER % % % % / ITA NO.1061/KOL/2009 &' ()/ ASSESSMENT YEAR : 2005-06 (+ / APPELLANT ) SRI KEDAR NATH AGARWAL KOLKATA (PAN: ADAPA 4902 G) - & - - VERSUS - . (./+ / RESPONDENT ) D.C.I.T. CIRCLE-35 KOLKATA + 0 1 #/ FOR THE APPELLANT: SHRI R.SALARPURIA ./+ 0 1 #/ FOR THE RESPONDENT: SHRI NIRAJ KUMAR 2&3 0 '$ /DATE OF HEARING : 14.12.2011. 4( 0 '$ /DATE OF PRONOUNCEMENT : 15.12.2011. #5 / ORDER ( (( ( . .. .!' !'!' !'. .. . ) )) ) #$ PER SHRI C.D.RAO AM THE ABOVE APPEAL IS FILED BY ASSESSEE AGAINST THE O RDER DATED 01.06.2009 OF THE LD. CIT-XII (ADMN.) KOLKATA PERTAINING TO A.YR. 20 05-06. 2. THIS APPEAL IS AGAINST ORDER U/S 263 OF THE IT ACT WHEREIN THE LD.CIT(ADMN) HAS DIRECTED THE AO TO MAKE DISALLOWANCE U/S 14A OF THE IT ACT BY INVOKING RULE 8D OF THE IT RULES. 3. AFTER HEARING THE RIVAL SUBMISSIONS AND ON CARE FUL PERUSAL OF MATERIAL AVAILABLE ON RECORD SINCE THE ASSESSMENT YEAR INVOLVED IN TH IS APPEAL IS 2005-06 RULE 8D OF THE IT RULES IS NOT APPLICABLE IN THE PRESENT CASE KEEP ING IN VIEW OF THE DECISION OF THE 2 HONBLE BOMBAY HIGH COURT IN THE CASE OF GODREJ AND BOYCE MFG. PVT. LTD. IN THIS CASE THE LD. CIT-ADMN HAS ISSUED JURISDICTION U/S 2 63 OF THE IT ACT BASED ON THE ORDER OF THE ITAT SPECIAL BENCH WHICH HAS BEEN SUBSEQUE NTLY OVER RULED BY HONBLE BOMBAY HIGH COURT (SUPRA). THEREFORE WE ARE OF THE VIEW THAT INVOKING OF PROVISION OF SECTION 263 OF THE IT ACT IS NOT JUSTIFIABLE IN THE FACTS AND CIRCUMSTANCES OF THE CASE. HENCE WE SQUASH THE ORDER OF LD. CIT-ADMN AND ALLOW THE APPEAL OF ASSESSEE. 4. IN THE RESULT THE APPEAL OF ASSESSEE IS ALLOWED. 6 7 &86 9: ; 9 <= ORDER PRONOUNCED IN THE COURT ON 15.12.2011. SD/- SD/- MAHAVIR SINGH JUDICIAL MEMBER . .. .!' !'!' !'. .. . #$ #$ #$ #$ C.D.RAO ACCOUNTANT MEMBER. ( (( ('$ '$ '$ '$) )) ) DATE: 15.12.2011. #5 0 .> ?#>(7- COPY OF THE ORDER FORWARDED TO: 1. SHRI KEDAR NATH AGARWAL C/O SALARPURIA JAJODIA & C O. 7 C.R.AVENUE KOLKATA-700072. 2 THE D.C.I.T. CIRCLE-35 KOLKATA 3. THE CIT-XII KOLKATA 4. THE CIT(A) 5. DR KOLKATA BENCHES KOLKATA /> ./ TRUE COPY #5&2/ BY ORDER DEPUTY /ASST. REGISTRAR ITAT KOLKATA BENCHES R.G.(.P.S.) 3
|