Sri Kedar Nath Agarwal, Kolkata v. D.C.I.T., Circle-35, Kolkata, Kolkata

ITA 1061/KOL/2009 | 2005-2006
Pronouncement Date: 15-12-2011

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