ACIT, CC-1(1), Kolkata, Kolkata V. M/s Padam Mercantiles (P) Ltd., Kolkata

ITA 1935/KOL/2016

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 1302 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 5 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-03-2018
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 03-10-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH : KOLKATA [BEFORE HONBLE SHRI ABY. T. VARKEY, JM & SHRI M. BALAGANESH, AM ] I.T.A NO. 1935/KOL/20 16 ASSESSMENT YEAR : 2011-1 2 ACIT, CC-1(1), KOLKATA -V S- M/S PADAM MERCANTILES (P) LTD. [PAN: AACCP 6604 N] (APPELLANT) ( RESPONDENT) FOR THE APPELLANT : SHRI ARINDAM BHATT ACHARJEE, ADDL. CIT FOR THE RESPONDENT : NONE DATE OF HEARING : 22.02.2018 DATE OF PRONOUNCEMENT : 07.03.2018 CORRIGENDUM ORDER PER M. BALAGANESH, AM THIS APPEAL WAS DISPOSED OFF BY THIS TRIBUNAL ON 07 .03.2018 WHEREIN THE GROUND RAISED BY THE REVENUE WAS ALLOWED FOLLOWING THE DEC ISION OF HON'BLE SUPREME COURT IN THE CASE OF CIT VS. HOOGHLY MILLS CO. LTD. IN CIVIL APP EAL NO. 5149 OF 2006 DATED 22.11.2006. BUT IN THE LAST LINE OF THE ORDER THAT IS IN PARA 7 IT WAS WRONGLY MENTIONED THAT THE APPEAL OF THE REVENUE IS DISMISSED INSTEAD OF STATING THE A PPEAL OF THE REVENUE IS ALLOWED. THIS FACT WAS BROUGHT TO OUR NOTICE BY THE LD. SENIOR DR ON 1 2.03.2018 AND ACCORDINGLY WE DEEM IT FIT TO ISSUE THIS CORRIGENDUM TO RECTIFY THE MISTAKE ST ATED AS ABOVE. 2. WE HOLD THAT PARA 7 OF OUR ORDER DATED 07.03.201 8 SHOULD BE READ AS UNDER: 7. IN THE RESULT, THE APPEAL OF THE REVENUE IS AL LOWED. SD/- SD/- [A.T. VARKEY] [ M.BALAGANESH ] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 12.03.2018 SB, SR. PS 2 ITA NO.1935/KOL/2016 M/S PADAM MERCANTILES (P) LTD. A.YR.2011-12 2 COPY OF THE ORDER FORWARDED TO: 1. ACIT, CC-1(1), KOLKATA, AAYKAR BHAWAN POORVA, 11 0, SHANTIPALLY, 3 RD FLOOR, KOLKATA-700107. 2. M/S PADAM MERCANTILES (P) LTD., 6B, CLIVE ROW, G ROUND FLOOR, KOLKATA-700001. 3. C.I.T(A)- , KOLKATA 4. C.I.T.- K OLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER SENIOR PRIVAT E SECRETARY HEAD OF OFFICE/D.D.O., ITAT, KOLKATA BENCHE S