ACIT, Circle - 34, Kolkata, Kolkata V. Eastern Engineering Enterprise, Kolkata

ITA 2303/KOL/2010

• Counselvise Citation: 230323514 RSA 2010
• Duration Of Justice: 5 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-06-2011
• Appeal Filed By: Department
• Bench Allotted: B
• Assessment Year: 1999-2000
• Appeal Filed On: 31-12-2010
• Court: TRIBUNAL
• Department Lawyers: D J MEHTA
• Assessee Lawyers: A K BANERJEE

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL, BEN CH B, KOLKATA () BEFORE . .. . . .. . , , , , , SHRI B.R.MITTAL, JUDICIAL MEMBER. /AND . .. .!' !'!' !'. .. . , #$ SHRI C.D.RAO, ACCOUNTANT MEMBER %& %& %& %& ' ' ' ' / ITA NO . 2303/KOL/2010 () *+/ ASSESSMENT YEAR : 1999-2000 (-. / APPELLANT ) A.C.I.T., CIRCLE-34, KOLKATA - ( - - VERSUS - . (01-./ RESPONDENT ) EASTERN ENGINEERING ENTERPRISE, KOLKATA (PAN: AABFE 4364 N ) -. 2 3 #/ FOR THE APPELLANT: SHRI D.J.MEHTA 01-. 2 3 #/ FOR THE RESPONDENT: SHRI A.K.BANERJEE #4 / ORDER ( (( ( . .. .!' !'!' !'. .. . ) )) ), , , , #$ PER SHRI C.D.RAO, AM THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER DATED 29.09.2010 OF THE CIT(A)-XX, KOLKATA PERTAINING TO A.YR. 1999-2000. 2. THE SOLE ISSUE RAISED BY THE REVENUE IN THIS APPEAL RELATES TO THE DELETION OF ADDITION IN THE HEAD OF INTEREST ON BANK FIXED DEPO SIT OF RS.19,48,624/- MADE BY THE AO. 3. AT THE TIME OF HEARING, THE LD. DR APPEARIN G ON BEHALF OF THE REVENUER RELIED ON THE ORDERS OF THE ASSESSING OFFICER. 4. ON THE OTHER HAND, THE LD. COUNSEL APPEARING O N BEHALF OF THE ASSESSEE HAS SUBMITTED THAT THIS ISSUE HAS BEEN DECIDED IN FAVOU R OF THE ASSESSEE FOR ASSESSMENT 2 YEAR 2000-01 AND THE LD. CIT(A) HAS FOLLOWED THE SA ME GIVING RELIEF TO THE ASSESSEE. THEREFORE, HE REQUESTED TO CONFIRM THE ORDERS OF TH E LD. CIT(A). 5. AFTER HEARING THE RIVAL SUBMISSIONS AND ON CA REFUL PERUSAL OF THE MATERIALS AVAILABLE ON RECORD , IT IS OBSERVED THAT THE LD. C IT(A) WHILE GIVING RELIEF TO THE ASSESSEE HAS MENTIONED THAT THIS ISSUE IS COVERED D IRECTLY BY THE DECISION OF THE TRIBUNAL IN ASSESSEES OWN CASE FOR A.YR. 2000-01 A T PARA 7 OF HIS ORDER. WE FIND NO REASON TO DEVIATE FROM THE EARLIER ORDERS OF THE TR IBUNAL ON WHICH THE LD. CIT(A) HAS RELIED UPON. THEREFORE WE CONFIRM THE SAME AND DISM ISS THE APPEAL OF THE REVENUE. 6. IN THE RESULT THE APPEAL OF THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 29.06.2011. SD/- SD/- . .. . . .. . , , , , B.R.MITTAL, JUDICIAL MEMBER . .. .!' !'!' !'. .. . , ,, , #$ #$ #$ #$ , C.D.RAO, ACCOUNTANT MEMBER. ( (( ('$ '$ '$ '$) )) ) DATE: 29.06.2011. #4 2 0& 5#&*6- COPY OF THE ORDER FORWARDED TO: 1. M/S.EASTERN ENGINEERING ENTERPRISE, F-3/3, GILLANDE R HOUSE, 8, N.S.ROAD, KOLKATA-700001.. 2 THE A.C.I.T., CIRCLE-34, KOLKATA 3. THE CIT, 4. THE CIT(A)-XX, KOLKATA 5. DR, KOLKATA BENCHES, KOLKATA 1& 0/ TRUE COPY, #4(;/ BY ORDER, DEPUTY /ASST. REGISTRAR , ITAT, KOLKATA BENCHES R.G.(.P.S.) 3