M/s. The Hooghly Mills Co. Ltd., , Kolkata V. DCIT, Circle - 1(2), , Kolkata

ITA 2054/KOL/2018

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 6224 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 4 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-02-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2008-2009
• Appeal Filed On: 28-09-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: S JHAJHARIA FCA
• Keywords: Unexplained cash credit
• Section: 143(3); 68; 144

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH C KOLKATA BEFORE SHRI J.SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SHRI S.S.GODARA, JUDICIAL MEMBER ITA NO.2054/KOL/2018 ASSESSMENT YEARS: 2008-09 M/S THE HOOGHLY MILLS CO. LTD., C/O SALARPURIA JAJODIA & CO., 7, C.R. AVENUE, KOLKATA-700 072 [ PAN NO.AAACT 9780 F ] / V/S . DCIT, CIRCLE-1(2), P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 /APPELLANT .. /RESPONDENT /BY APPELLANT SHRI S. JHAJHARIA,FCA & SHRI SUJOY SEN, ADVOCATE /BY RESPONDENT SHRI SUPRIYO PAL, JCIT-SR-DR /DATE OF HEARING 23-01-2020 /DATE OF PRONOUNCEMENT 12-02-2020 /O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2008-09 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-1 KOLKATAS OR DER DATED 30.08.2018 PASSED IN CASE NO.10641/CIT(A)-1/2014-15/16-17/KOL, INVOLVING PROCEEDINGS 147 R.W.S 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE(S) PERUSED. 2. IT TRANSPIRES AT THE OUTSET THAT CIT(A) HAS PASS ED HIS ORDER EX PARTE WHILST AFFIRMING THE ASSESSING OFFICERS ACTION TAKING REC OURSE TO SEC. 147 R.WS. 144 PROCEEDINGS THEREBY TREATING A SUM OF 3,47,15,685/- RECEIVED IN CASH / TRANSFER AS ITA NO.2054/KOL/2018 ASSESSMENT YEAR 2008-09 M/S THE HOOGHLY MILLS CO. LTD. VS DCIT, CIR-1(2), KOL. PAGE 2 UNEXPLAINED CASH CREDITS U/S 68 OF THE ACT. THE REV ENUES CASE DURING THE COURSE OF HEARING IS THAT BOTH THE LOWER AUTHORITIES HAVE RIG HTLY MADE THE IMPUGNED ADDITION AFTER INITIATING SEC. 147 PROCEEDINGS. LEARNED DEPA RTMENTAL REPRESENTATIVE FAILS TO DISPUTE THAT THE CIT(A)S EX PARTE ORDER TO THIS EFFECT HAS NOWHERE TAKEN INTO CONSIDERATION THE ASSESSEES GRIEVANCE ON MERITS IN TUNE WITH SEC. 250(6) OF THE ACT REQUIRING FRAMING OF POINTS OF DETERMINATION FOLLOW ED BY A DETAILED DISCUSSION. WE THEREFORE DEEM IT APPROPRIATE IN LARGER INTEREST OF JUSTICE THAT THE CIT(A)S HOLDS RE- EXAMINE THE ASSESSEES GRIEVANCE ON MERITS AS PER L AW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. WE ORDER ACCORDINGLY. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT ON 12/02/2020 SD/- SD/- ( ') () ') (J.SUDHAKAR REDDY) (S.S.GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER *DKP-SR.PS * - 12/02/2020 / KOLKATA / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-M/S THE HOOGHLY MILLS CO. LTD. C/O SALAR PURIA JAJODIA & CO. 7, C.R. AVENUE, KOLKATA-700 072 2. /RESPONDENT-DCIT, CIRCLE-1(2), P-7, CHOWRINGHEE SQU ARE, KOLKATA-69 3. - . / CONCERNED CIT 4. . - / CIT (A) 5. / ))- , - /DR, ITAT, KOLKATA 6. 3 / GUARD FILE. BY ORD ER/ , /TRUE COPY/ -,