Shri Dayagauri Vinodchandra Korwala, Surat v. The Income tax Officer,Ward-7(3),, Surat

ITA 1281/AHD/2010 | 2007-2008
Pronouncement Date: 06-08-2010 | Result: Allowed

Appeal Details

RSA Number 128120514 RSA 2010
Bench Ahmedabad
Appeal Number ITA 1281/AHD/2010
Duration Of Justice 3 month(s) 13 day(s)
Appellant Shri Dayagauri Vinodchandra Korwala, Surat
Respondent The Income tax Officer,Ward-7(3),, Surat
Appeal Type Income Tax Appeal
Pronouncement Date 06-08-2010
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted B
Tribunal Order Date 06-08-2010
Assessment Year 2007-2008
Appeal Filed On 23-04-2010
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD AHMEDABAD B BENCH (BEFORE S/SHRI G.D. AGARWAL VICE-PRESIDENT AND MAHAVIR SINGH JUDICIAL MEMBER) ITA.NO.1281/AHD/2010 [ASSTT. YEAR : 2007-2008] DAYAGAURI VINODCHANDRA KORWALA 10 SAI DARPAN ROW HOUSE B/H. ASHIRWAD-2 BAMROLI ROAD SURAT. VS. ITO WARD-7(3) SURAT. (APPELLANT) (RESPONDENT) REVENUE BY : SHRI K.MADHU SUDAN ASSESSEE BY : SHRI K.R. GHEEWALA O R D E R PER G.D. AGRAWAL VICE-PRESIDENT: THIS IS ASSESSEES APPEAL AGAINST THE ORDER OF THE CIT(A)-V SURAT DATED 11-2 -2010 ARISING OUT OF THE ORDER OF THE ASSESSING OFFICER PASSED UNDER SECTION 143(3) OF THE INCOME TAX ACT 1961. 2. THE ONLY GROUND IN THIS APPEAL BY THE ASSESSEE I S AGAINST THE REFUSAL OF EXEMPTION UNDER SECTION 10(10C) OF THE ACT AMOUNTIN G TO RS.5 00 000/- FOR THE COMPENSATION RECEIVED BY THE ASSESSEE ON HER VOLUNT ARY RETIREMENT OF SERVICE (VRS). 3. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE M ATERIAL PLACED BEFORE US. WE FIND THAT THIS ISSUE IS SQUARELY COVERED IN FAVOUR OF THE ASSESSEE BY THE FOLLOWING DECISIONS: I) ITO VS. SHRI SHAILESH VASUDEV DAVE ITA NO.963/AHD/ 2010 DATED 25-6-2010; II) ITO VS. KANIAYALAL VADILAL BHAVSAR ITA NO.3276/AHD /2009 DTD. 29-1-2010; ITA.NO.1281/AHD/2010 -2- III) CIT VS. KOODATHI KALLYATAN AMBUJAKSHAN 309 ITR 113 1; IV) CIT VS. NAGESH DEVIDAS KULKAR 291 ITR 407 V) CIT VS.G .V. VENUGOPAL 273 ITR 307 VI) CIT VS. M. ABDULKARI 311 ITR 162; VII) CIT & OTHERS VS. P. SURENDRA PRABHU 279 ITR 402 VIII) SHRI K.AMBALAKAN VS. STATE BANK OF INDIA WRIT PETI TION NO.5508 (KAR) IX) STATE BANK OF TRAVANCORE VS. CBDT 282 ITR 587 (KER ) X) CIT VS. S. SUNDER & OTHERS 284 ITR 616 (MAD); XI) CIT VS. J. RAMAMANI 286 ITR 616 (MAD) XII) DCIT VS. KRISHNA GOPAL SAHA 125 TTJ (KOL) (TM) 577 ; 121 ITD 368 XIII) SHRI PETRIC F. BRITTO & OTHERS VS. ITO ITA NO.4493 /MUM/2006 NO CONTRARY DECISION IS BROUGHT TO OUR KNOWLEDGE BY THE REVENUE. THEREFORE WE RESPECTFULLY FOLLOWING THE ABOVE DECISIONS DIRE CT THE AO TO GRANT THE EXEMPTION UNDER SECTION 10(10C) OF THE ACT AMOUNTIN G TO RS.5 00 000/-. 4. IN THE RESULT THE ASSESSEES APPEALS IS ALLOWED . ORDER PRONOUNCED IN OPEN COURT ON 6 TH AUGUST 2010. SD/- SD/- (MAHAVIR SINGH) JUDICIAL MEMBER (G.D. AGARWAL) VICE-PRESIDENT PLACE : AHMEDABAD DATE : 06-08-2010 VK* COPY OF THE ORDER FORWARDED TO: 1) : APPELLANT 2) : RESPONDENT 3) : CIT(A) 4) : CIT CONCERNED 5) : DR ITAT. BY ORDER DR/AR ITAT AHMEDABAD