M/s. Mackels Vincom Private Limited , Howrah V. ITO, Ward - 1(3), Kolkata , Kolkata

ITA 1310/KOL/2018

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 9837 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-09-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 14-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Earning of tax free income
• Section: 143(3); 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH : KOLKATA [BEFORE HONBLE SHRI S.S. GODARA, JM] I.T.A NO. 1310/KOL/20 18 ASSESSMENT YEAR : 2011-1 2 M/S MACKELS VINCOM PVT. LTD. -VS- ITO , WARD-1(3), KOLKATA. [PAN: AABCM 7909 J] (APPELLANT) (RESPOND ENT) FOR THE APPELLANT : NONE FOR THE RESPONDENT : SHRI KAPIL MONDAL, JCIT DATE OF HEARING : 17.09.2018 DATE OF PRONOUNCEMENT : 26.09.2018 ORDER 1. THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2011- 12 ARISES AGAINST THE ORDER OF THE CIT(A)-1, KOLKATA DATED 15.06.2016 PASSED IN CASE N O. 120/CIT(A)-1/WARD-1(3)/2014- 15 AFFIRMING THE ASSESSING OFFICERS ACTION MAKING SECTION 14A READ WITH RULE 8D DISALLOWANCE OF RS. 32,784/- IN ASSESSMENT ORDER DA TED 26.03.2014 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 (IN SHORT THE ACT). 2. I HAVE HEARD LEARNED DEPARTMENTAL REPRESENTATIVE VEHEMENTLY SUPPORTING BOTH THE LOWER AUTHORITIES ACTION INVOKING THE IMPUGNED DIS ALLOWANCE. IT EMERGES AT THE OUTSET THAT THE ASSESSEE HAS NOT DERIVED ANY EXEMPT INCOME IN THE IMPUGNED ASSESSMENT YEAR. HONBLE JURISDICTIONAL HIGH COURTS DECISION IN CI T VS. M/S ASHIKA GLOBAL SECURITIES LTD. IN ITAT NO. 100/2014 GA NO. 2122 OF 2014 DATED 11.06.2018 HOLDS THAT SUCH A 2 ITA NO.1310/KOL/2018 M/S MACKELS VINCOM PVT. LTD. A.YR. 2011-12 2 DISALLOWANCE IN ABSENCE OF EXEMPT INCOME IS NOT SUS TAINABLE. I, ACCORDINGLY DELETE THE IMPUGNED SECTION 14A READ WITH RULE 8D DISALLOWANC E OF RS. 32,784/-. 3. THIS ASSESSEES APPEAL IS ALLOWED. ORDER PRONOUNCED IN THE COURT ON 26.09.2018 SD/- [ S.S.GODARA ] JUDICIAL MEMBER DATED : 26.09.2018 SB, SR. PS COPY OF THE ORDER FORWARDED TO: 1. M/S MACKELS VINCOM PVT. LTD., C/O, JAIN SETH & C O., CHARTERED ACCOUNTANTS, NEAR HEAD POST OFFICE, P.O/DIST. JHARSUGUNDA-768201. 2. ITO, WARD-1(3), KOLKATA, AAYAKAR BHAWAN, P-7, CH OWRINGHEE SQUARE, 7 TH FLOOR, KOLKATA-700069 3..C.I.T(A).- 4. C.I.T.- KOLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER SENIOR PRIVAT E SECRETARY HEAD OF OFFICE/D.D.O., ITAT, KOLKATA BENCHE S