Dr. R. R. Sen & Bros (P) Ltd., Kolkata V. DCIT,Circle-11, Kol, Kolkata

ITA 1834/KOL/2008

• Counselvise Citation: 183423514 RSA 2008
• Duration Of Justice: 3 year(s) 7 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-05-2012
• Appeal Filed By: Assessee
• Bench Allotted: B
• Next Hearing Date: 11-08-2011
• Assessment Year: 2005-2006
• Appeal Filed On: 22-09-2008
• Court: TRIBUNAL
• Department Lawyers: S P LAHIRI
• Assessee Lawyers: RATAN KUMAR GOEL
• Section: 14A

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL, BEN CH B, KOLKATA () BEFORE . .. . . .. . , SHRI C.D.RAO, ACCOUNTANT MEMBER !!' #$ !!' #$ !!' #$ !!' #$, ,, , , SHRI GEORGE MATHAN, JUDICIAL MEMBER. %& %& %& %& /AND &' &' &' &' / ITA NO . 1834/KOL/2008 ($) *+/ ASSESSMENT YEAR : 2005-06 (#- / APPELLANT ) M/S.R.R.SEN & BROS PVT. LTD., KOLKATA (PAN : AACCR 1634 E) - $ - - VERSUS - . (/0#-/ RESPONDENT ) D.C.I.T., CIRCLE-11, KOLKATA #- 1 2 / FOR THE APPELLANT: SHRI RATAN KUMAR GOEL /0#- 1 2 / FOR THE RESPONDENT: SHRI S.P.LAHIRI 3$4 1 /DATE OF HEARING : 18.05.2012. 5* 1 /DATE OF PRONOUNCEMENT : 18.05.2012. 6 / ORDER ( (( ( . .. . . .. . ) )) ), , , , PER SHRI C.D.RAO, AM THIS APPEAL IS FILED BY ASSESSEE AGAINST THE ORDER DATED 21.07.2008 OF THE LD. CIT(A)-XI, KOLKATA PERTAINING TO A.YR. 2005-06. 2. GROUND NO.1 RAISED BY ASSESSEE IN THIS APPE AL IS RELATING TO DISALLOWANCE MADE U/S 14A OF THE I.T ACT AMOUNTING TO RS.27,09,057/-. 3. AFTER HEARING THE RIVAL SUBMISSIONS AND ON CAREFUL PERUSAL OF GROUNDS ATTACHED TO THE MEMORANDUM OF APPEAL WITH FORM NO.36, SINCE THE TRIBUNAL IS CONSISTENTLY FOLLOWING THE DISALLOWANCE U/S 14A OF THE IT ACT AT 1% OF THE DIVIDEND INCOME IN THE 2 ABSENCE OF ANY NEXUS BETWEEN THE EXPENDITURE AND EX EMPTED DIVIDEND INCOME RESPECTFULLY FOLLOWING THE SAME WE RESTRICT THE DIS ALLOWANCE U/S 14A OF THE I.T.ACT AT 1% OF THE DIVIDEND INCOME OF RS.5,00,302/-. THIS OR DER MAY BE TREATED AS PART OF OUR EARLIER ORDER DATED 29.12.2011. 4. IN THE RESULT GROUND NO.1 RAISED BY ASSES SEE IN THIS APPEAL IS ALLOWED IN PART. ORDER PRONOUNCED IN THE OPEN COURT ON 18.05.2012. ORDER PRONOUNCED IN THE OPEN COURT ON 18.05.2012. ORDER PRONOUNCED IN THE OPEN COURT ON 18.05.2012. ORDER PRONOUNCED IN THE OPEN COURT ON 18.05.2012. SD/- SD/- !!' #$ !!' #$ !!' #$ !!' #$, ,, , ( ( ( ( GEORGE MATHAN, JUDICIAL MEMBER . .. . . .. . , , , , , C.D.RAO, ACCOUNTANT MEMBER. ( (( ( ) )) ) DATE: 18/21.05.2012. 6 1 /((7 87*9- COPY OF THE ORDER FORWARDED TO: 1. M/S.R.R.SEN & BROS (P) LTD.,, 11D, KAKI TIRTHA SARA NI, KOLKATA-700023. 2 THE D.C.I.T., CIRCLE-11, KOLKATA. 3. THE CIT, 4. THE CIT(A)-XI, KOLKATA. 5. DR, KOLKATA BENCHES, KOLKATA 07 /(/ TRUE COPY, 6$3/ BY ORDER, DEPUTY /ASST. REGISTRAR , ITAT, KOLKATA BENCHES R.G.(.P.S.)