CPL Securities (P) Ltd., , Kolkata V. PCIT - 2, , Kolkata

ITA 2181/KOL/2018

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 7419 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 3 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-01-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 15-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAM BILASH MEENA
• Keywords: Depreciation
• Section: 143(3)

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 2182 / KOL / 2018 ASSESSMENT YEAR :2012-13 SPACE MARTIX PVT. LTD., ROOM NO. 15, 3 RD FLOOR, 11,CLIVE ROW, KOLKATA-700 001 [ PAN NO.AADCS 7437 D ] V/S . DCIT, CRICLE-5(1), AAYAKAR BHAWANA, 3 RD FLOOR, P-7, CHOWRNGHEE SQUARE, KOLKATA-700 069 /APPELLANT .. / RESPONDENT /BY APPELLANT NONE /BY RESPONDENT SHRI RAM BILASH MEENA, CIT-DR /DATE OF HEARING 16-01-2020 /DATE OF PRONOUNCEMENT 31-01-2020 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2012-13 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-2 KOLKATAS OR DER DATED 08.08.2018 PASSED IN CASE NO.11134/CIT(A)-2/2015-16, INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. CASE CALLED TWICE. NONE APPEARS AT THE ASSESSEES B EHEST. IT IS ACCORDINGLY PROCEEDED EX PARTE . THE CASE IS NOW TAKEN UP FOR ADJUDICATION ON MERITS. 2. WE HAVE HEARD LEARNED CIT-DR SUPPORTING BOTH THE LOWER AUTHORITIES ACTION MAKING VARIOUS DISALLOWANCES / ADDITION(S) U /S 14A, DEPRECIATION, LOSS ITA NO.2182/KOL/2018 A.Y. 2012-13 SPACE MARTIX PVT. LTD. VS. DCIT, CIR-5(1),KOL PAGE 2 ON EXCHANGE FLUCTUATION AND LOSS IN TRANSIT INVOLVI NG 1,80,611/-, 1,57,446/-, 20,47,88,500/- & 49,36,59,400/-; RESPECTIVELY. WE NOTICE FROM THE CI T(A)S APPELLATE ORDER UNDER CHALLENGE THAT ALTHOUGH HE HA S PREPARED A DETAILED CHART OF VARIOUS OPPORTUNITIES OF HEARINGS GRANTED TO THE ASSESSEE, IT EMERGES FROM THE LOWER APPELLATE DISCUSSION THAT HE HAS NOW HERE CONSIDERED MERITS OF ALL THE ISSUES AS CONTEMPLATED U/S 250(6) OF THE AC T REQUIRING FRAMING OF POINTS OF DETERMINATION FOLLOWED BY A DETAILED ADJUDICATIO N. WE THEREFORE, DEEM IT APPROPRIATE TO RESTORE ALL THESE ISSUES RAISED IN T HE INSTANT APPEAL BACK TO THE CIT(A) FOR HIS AFRESH LOWER APPELLATE ADJUDICATION AS PER LAW WITHIN THREE EFFECTIVE OPPORTUNITIES OF HEARING. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT 31/01/2020 SD/- SD/- ( &) (( &) ( A.L.SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP )- 31 / 01 /20 20 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-SPACE MARTIX PVT. LTD., R. NO. 15, 3 RD FL. 11, CLIVE ROW KOLKATA-001 2. /RESPONDENT-DCIT, CIR-5(1), AAYAKAR BHAWAN, 3 RD FLOOR, P-7, CHOWRINGHEE SQUARE, KOLKATA -69 3. 4 5 / CONCERNED CIT KOLKATA 4. 5- / CIT (A) KOLKATA 5. 8 ((4, 4, / DR, ITAT, KOLKATA 6. = / GUARD FILE. BY ORDER/ , /TRUE COPY/ 4,