JCIT(IT), OSD, Circle - 2(1), Kolkata, Kolkata V. Pricewaterhouse Coopers LLP, Kolkata

ITA 190/KOL/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 3224 (ITAT-KOLKATA)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-02-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 07-02-2018
• Court: TRIBUNAL

Judgement Text

, C , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH C KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 190 / KOL / 20 18 ASSESSMENT YEAR:2010-11 JCIT(IT), OSD, CIRCLE- 2(1), AAYAKAR BHAWAN, POOROVA, 110, SHANTI PALLY, KOLKATA-107 V/S . PRICE WATER HOUSE COOPERS LLP C/O PRICE WATER HOUSE COOPERS PVT LTD., PLOT NO. 56 & 57, BLOCK-DN SECTOR-V, SALT LAKE CITY, KOLKATGA-700 091 [ PAN NO.AAAAP 4377 J ] /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI SAURABH KUMAR, ADDL. CIT-DR /BY RESPONDENT SHRI SHREYA DAGA, ACA /DATE OF HEARING 16-01-2019 /DATE OF PRONOUNCEMENT 27-02-2019 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS REVENUES APPEAL FOR ASSESSMENT YEAR 2010-11 A RISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-22, KOLKATAS ORDER DATED 30.11.2017 PASSED IN CASE NO.129/CIT(A)-22/2010-11/16-17/KOL, INVOLVING PROCEEDINGS U/S 263 R.W.S.143(3) OF THE INCOME TAX ACT, 1961; I N SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT TRANSPIRES AT THE OUTSET DURING THE COURSE OF HEARING THAT THIS IS SECOND ROUND OF CONSEQUENTIAL ASSESSMENT AS PER THE CIT (INTERNATIONAL TAXATION AND TRANSFER PRICING)S SEC. 263 ORDER DAT ED 03.03.2015 REVISING THE ITA NO.190/KOL/2018 A.Y. 2010 -11 JCIT(IT), OSD, CIRIIRCLE-2(1), KOL. VS. PR ICEWATERHOUSECOOPERS LLP PAGE 2 EARLIER REGULAR ASSESSMENT DATED 19.03.2013 TERMING IT ERRONEOUS CAUSING PREJUDICIAL TO INTEREST OF THE REVENUE. THE ASSESSE E HAD PREFERRED ITS APPEAL ITA NO.540/KOL/2015 AGAINST THE SAME. A CO-ORDINATE BENCHS ORDER THEREIN DATED 14.02.2018 HAS REVERSED THE CITS FOREGOING R EVISION ORDER ITSELF WHICH ACTED AS THE FOUNDATION OF THE IMPUGNED CONSEQUENTI AL PROCEEDINGS. THE ASSESSEE HAS PLACED ON RECORD THE SAID CO-ORDINATE BENCHS ORDER IN PAPER BOOK. THE REVENUE IS FAIR ENOUGH IN NOT DISPUTING A LL THESE CLINCHING INTERVENING DEVELOPMENTS. ITS INSTANT APPEAL HAS NO LEGS TO STAND THEREFORE. 3. THIS REVENUES APPEAL IS DISMISSED AS INFRUCTUOU S IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 27 /02/2019 SD/- SD/- ( %) (' %) (DR.A.L. SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S (- 27 / 02 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-JCIT(IT),OSD, CIRCLE-2(1), AAYAKAR BHAWA N, POORVA, 110, SHANTI PALLY, KOLKATA -700107 2. /RESPONDENT-PRICEWATERHOUSE COOPERS LLP C/O PRICE W ATER HOUSE COOPERS PVT. LTD, PLOT NO.56 & 57, BLOCK-DN SECDTORO-V, SALT LAKE CITY, KOLKATA- 91 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,