The Ghatal Peoples' Co-operative Bank Ltd., Paschim Midnapore V. DCIT, Circle - 2, , Midnapore

ITA 2174/KOL/2018

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 8788 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 1 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-11-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 12-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PROBHAS ROY J
• Section: 201; 144; 154; 15

Judgement Text

, B , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH B KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 2 17 4 / KOL / 201 8 ASSESSMENT YEAR :2011-12 THE GHATAL PEOPLES CO- OPERATIVE BANK LTD., VILL. & P.O. GHATAL, DIST. PASCHIM MEDINIPUR, PIN-721212 [ PAN NO.AAAJT 1724 E ] V/S . DCIT, CIRCLE-2, SAHOO BHAWAN, KSHUDIRAM NAGAR, PASCHIM MIDNAPORE-721101 /APPELLANT .. / RESPONDENT /BY APPELLANT SOUMITRA CHOUDHURY, ADVOCATE /BY RESPONDENT SHRI PROBHAS ROY, JCIT-DR /DATE OF HEARING 13 -11-2019 /DATE OF PRONOUNCEMENT 20-11-2019 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2011-12 ARISES AGAINST COMMISSIONER OF INCOME TAX (APPEALS)-11 KOLKATAS O RDER DATED 27.07.2018 PASSED IN CASE NO.507/CIT(A)-11/MID/14-15/KOL INVOL VING PROCEEDINGS U/S 154 R.W.S. 144 OF THE INCOME TAX ACT, 1961; IN SHOR T THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE RAISED IN THE INSTANT APPEAL SEEKS TO REVERSE BOTH THE LOWER AUTHORITIES ACTION DISALLOWING ITS PROVISION OF LEAVE ENCASHMENT OF 15 LAC. U/S 43B(F) OF THE ACT FOR WANT OF ACTUAL PA YMENT. ITA NO.2174/KOL/2018 A. Y. 2011-12 THE GHATAL PEOPLESCO-OP. BANK LTD. VS. DCIT, CIR-2, MID. PAGE 2 SUFFICE TO SAY, THERE IS HARDLY ANY DISPUTE THAT HO N'BLE JURISDICTIONAL HIGH COURTS DECISION IN EXIDE INDUSTRIES LTD. VS. UNION OF INDIA (2007) 292 ITR 470 (CAL) HAD QUASHED THE STATUTORY PROVISION ITSELF BE ING ULTRA VIRES AND ITS OPERATION STOOD STAYED IN HON'BLE APEX COURTS ORDE R DATED 08.05.2009 IN SLP NO.CC 12060/2008 WE THEREFORE RESTORE THE INSTANT I SSUE BACK TO THE ASSESSING OFFICER TO BE DECIDED IN TUNE WITH THE HO N'BLE APEX COURTS FINAL DECISION IN THE SAID LIS . THE ASSESSEES SOLE SUBSTANTIVE GROUND IS ACCEPTE D FOR STATISTICAL PURPOSES. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT 20/ 11/2019 SD/- SD/- ( %) (' %) ( A.L.SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP (- 20 / 11 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-THE GHATAL PEOPLESCO-OP BANK LTD. VILL & P.O. GHATAL DIST. PASCHIM M EDINIPUR, PINI-721212 2. /RESPONDENT-DCIT, CIR-2, SAHOO BHAWAN, KSHUDIRAM NA GAR, PASCHIM MIDNAPORE PIN-721101 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,