M. K. Industries, Kolkata V. DCIT, Central Circle-XIII, Kolkata, Kolkata

ITA 2103/KOL/2008

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 59589 (ITAT-KOLKATA)
• Duration Of Justice: 3 year(s) 1 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-01-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2002-2003
• Appeal Filed On: 27-11-2008
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B GHOSH
• Assessee Lawyers: ROHIT SHUKLA
• Section: 263

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: KOL KATA () BEFORE , /AND , ! . '# . ) [BEFORE SRI MAHAVIR SINGH, JM & SHRI C. D. RAO, AM] $ $ $ $ / I.T.A NO. 2103/KOL/2008 %& '( %& '( %& '( %& '(/ // / ASSESSMENT YEAR : 2002-03 M. K. INDUSTRIES VS. DEPUTY COMMISSIONER OF IN COME-TAX, (PAN: AAFFM 3708 E) CENTRAL CIRCLE-XIII, KOLKATA . (*+ /APPELLANT ) (,-*+/ RESPONDENT ) DATE OF HEARING: 23.01.2012 DATE OF PRONOUNCEMENT: 23.01.2012 FOR THE ASSESSEE: SHRI ROHIT SHUKLA FOR THE REVENUE: SMT. B. GHOSH . / ORDER PER MAHAVIR SINGH, JM ( , , , , ) THIS APPEAL BY ASSESSEE IS ARISING OUT OF ORDER OF CIT(A), CENTRAL-II, KOLKATA VIDE NO 107/CC-XIII/CIT(A)C-II/07-08 DATED 27.03.2008. ASSE SSMENT WAS FRAMED BY ACIT, CC-XII, KOLKATA U/S. 263/143(3) OF THE INCOME-TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE ACT) FOR ASSESSMENT YEAR 2002-03 VIDE DATED 17.12.2007. 2. AT THE OUTSET, IT IS TO BE STATED THAT THE ORIG INAL ASSESSMENT WAS FRAMED BY DCIT, CC- XII, KOLKATA U/S.143(3) OF THE ACT FOR AY 2002-03 V IDE DATED 31.03.2005, WHICH WAS REVISED BY CIT, CENTRAL-II, KOLKATA U/S. 263 OF THE ACT VID E NO.CIT(C)-II/0RDER U/S. 263/M. K. IND/06- 07/19914-16 DATED 30.03.2007. THIS REVISION ORDER PASSED BY CIT U/S. 263 OF THE ACT WAS QUASHED BY TRIBUNAL IN ITA NO.1173/KOL/2007 DATED 0 9.01.2012 BUT BEFORE THIS REVISION ORDER WAS PASSED BY THE AO AND CIT(A) ALSO PASSED APPELLA TE ORDER AND AGGRIEVED BY THE SAME, ASSESSEE IS IN APPEAL BEFORE US. AS THE REVISION O RDER PASSED U/S. 263 OF THE ACT BY CIT, KOLKATA IS QUASHED, THE CONSEQUENTIAL ORDER CANNOT SURVIVE. WE ARE OF THE VIEW THAT ONCE REVISIONAL ORDER PASSED U/S. 263 OF THE ACT ITSELF HAS BEEN FOUND TO BE BAD AND THE SAME HAS BEEN QUASHED BY THE TRIBUNAL, THERE IS NO QUESTION OF UPHOLDING THE CONSEQUENTIAL ORDER PASSED BY THE AO IN PURSUANCE TO THE REVISION ORDER OF CIT . THUS, THE CONSEQUENCE OF THE SETTING ASIDE OF THE REVISION ORDER U/S. 263 OF THE ACT WOU LD BE THAT THE ORDER PASSED BY THE AO IN 2 ITA 2103/K/2008 M. K. INDUSTRIES A.Y.2002-03 COMPLIANCE WITH REVISIONAL ORDER MUST ALSO FAIL. A CCORDINGLY, THIS APPEAL OF THE ASSESSEE IS ALLOWED. 3. IN THE RESULT, APPEAL OF ASSESSEE IS ALLOWED. 4. ORDER PRONOUNCED IN OPEN COURT. SD/- SD/- . '# '#'# '# . ! , (C. D. RAO) (MAHAVIR SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER ( #! #! #! #!) )) ) DATED : 23RD JANUARY, 2012 /0 %12 3 JD.(SR.P.S.) . 4 ,5 6 5'7- COPY OF THE ORDER FORWARDED TO: 1 . *+ / APPELLANT M. K. INDUSTRIES, 2/2, JUSTICE DWARKANA TH ROAD, KOLKATA-700 020. 2 ,-*+ / RESPONDENT, DCIT, CC-XIII, KOLKATA. 3 . .% ( )/ THE CIT(A), KOLKATA 4. .% / CIT, KOLKATA 5 . >? ,% / DR, KOLKATA BENCHES, KOLKATA -5 ,/ TRUE COPY, .%@/ BY ORDER, 2 /ASSTT. REGISTRAR .