M/s. S V Ghatalia & Associates LLP, Kolkata V. DCIT, Circle - 22, Kolkata, Kolkata

ITA 1285/KOL/2017

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 7646 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 10 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-04-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 01-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHANKAR HALDER JCITSRDR
• Assessee Lawyers: DEBABRAT GHOSH
• Section: 143(3)

Judgement Text

, D , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 1285 / KOL / 20 17 ASSESSMENT YEAR :2012-13 M/S S.V. GHATALIA & ASSOCIATES LLP (A LIMITED LIABILITY PARTNERSHIP WITH LLP IDENTIFY NO. AAB-4293) SUCCESSOR TO M/S S V GHATALIA & ASSOCIATES EFFECTIVE 1 ST APRIL 2013 22, CAMAC STREET, KOLKATA-700016 [ PAN NO.ACHFS 9181 P ] V/S . DCIT, CIRCLE-22, KOLKATA-16 /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI DEBABRAT GHOSH, FCA /BY RESPONDENT SHRI SHANKAR HALDER, JCIT-SR-DR /DATE OF HEARING 16-04-2019 /DATE OF PRONOUNCEMENT 24-04-2019 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2012-13 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-6, KOLKATAS O RDER DATED 18.04.2017 PASSED IN CASE NO.08/CIT(A)-6/KOL/2015-16 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE SEEKS TO REVERSE BOTH THE LOWER AUTHORITIES ACTION DISALLOWING ITS PROVISION MADE FOR LEAVE ENCASHMENT OF 21,31,610/- BASED ON ACTUARIAL VALUATION ON ACCOUNT OF NON-PAYMENT THEREOF. AFTER ARGUING ON THE ISSUE FOR SOME TIME, BOTH THE LEARNED ITA NO.1285/KOL/2017 A.Y. 2012- 13 M/S S V GHATALIA & ASSOCIATES VS. DCIT, CIR-22, K OL. P AGE 2 REPRESENTATIVES ARE AD IDEM THAT HON'BLE JURISDICTIONAL HIGH COURTS DECISION IN EXIDE INDUSTRIES LTD. VS. UNION OF INDIA (2007) 292 ITR 470 (CAL) QUASHING STATUTORY PROVISION ITSELF TO BE UNCONSTITUTIONAL STANDS STAYED IN HON'BLE APEX COURT AFTER IN REVENUES SLP (CC) 12060/2008 ADMITT ED ON 08.09.2008. WE DEEM IT APPROPRIATE IN THIS PECULIAR FACTUAL BACKDR OP THAT THE ASSESSING OFFICER NEEDS TO RE-ADJUDICATE THE IMPUGNED ISSUE AFRESH AS PER LAW. HIS CONSEQUENTIAL ADJUDICATION WOULD BE KEPT IN ABEYANC E TILL THE FINAL OUTCOME OF ISSUE PENDING BEFORE THE HON'BLE APEX COURT HEREINA BOVE. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 24 /04/2019 SD/- SD/- ( %) (' %) (DR.A.L. SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S (- 24 / 04 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-M/S S V GATALIA & ASSOCIATES LLP 22, CAM AC STREET, KOLKATA-16 2. /RESPONDENT-DCIT, CIRCLE-22, KOLKATA-16 3. 3 4 / CONCERNED CIT KOLKATA 4. 4- / CIT (A) KOLKATA 5. 7 ''3, 3, / DR, ITAT, KOLKATA 6. < / GUARD FILE. BY ORDER/ , /TRUE COPY/ 3,