ITO, Ward - 27(2), Haldia, Haldia V. Sri Partha Sarathi Das, Purba Medinipur

ITA 2501/KOL/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 6329 (ITAT-KOLKATA)
• Duration Of Justice: 4 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-05-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2009-2010
• Appeal Filed On: 21-12-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S DASGUPTA CITSR
• Assessee Lawyers: AMIT BASU MALLICK

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. 2501 / KOL / 20 17 ASSESSMENT YEAR :2009-10 INCOME TAX OFFICER, WRD-2(2), HALDIA, AYAKAR BHAWAN HADIA, 2N FLOOR, KAHANJANCHAK, BASUDEBPUR, HALDIA- 721602 V/S . SRI PARTHA SARATHI DAS S/O KANAIL LAL DAS, VILL. & P.O. ALANKARPUR, DIGHA COSTAL MOHANA, PURBA MEDINIPUR-721428 [ PAN NO.ADSPD 4163 G ] /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI S. DASGUPTA, ADDL. CIT-SR- DR /BY RESPONDENT SHRI AMIT BASU MALLICK, ADVOCATE /DATE OF HEARING 07-05-2018 /DATE OF PRONOUNCEMENT 09-05-2018 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS REVENUES APPEAL FOR ASSESSMENT YEAR 2009-10 A RISES FROM COMMISSIONER OF INCOME TAX (APPEALS)-7,KOLKATAS OR DER DATED 20.09.2017, PASSED IN CASE APPEAL NO.80/CIT(A)-7/KOL/WARD-27(2) /16-17, REVERSING THE ASSESSING OFFICERS IMPOSING PENALTY OF 13,67,767/-, IN PROCEEDINGS UNDER SECTION 271(1)(C) OF THE INCOME TAX ACT, 1961 (IN S HORT THE ACT). HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. IT IS NOTICED AT THE OUTSET THAT CIT(APPEAL)S THE ONLY REASON FOR DELETING THE PENALTY IS THAT ASSESSEES APPEAL AGAINST QUANT UM ADDITION STANDS ACCEPTED IN HIS ORDER DATED 31.08.2017. BOTH PARTIE S INFORM US DURING THE COURSE OF HEARING THAT THE REVENUES QUANTUM APPEAL ITA NO.2336/KO/2017 ITA NO.2501/KOL/2017 A.Y. 2009 -10 ITO WD-27(2) HLD. VS. SH PARTHA SARATHI DAS PAGE 2 SEEKING TO REVIVE CAPITAL GAINS ADDITION STANDS DIS MISSED ON 28.03.2018. A COPY OF SAID ORDER FORMS PART OF CASE RECORDS BEFOR E US. LEARNED CO-ORDINATE BENCH THEREIN CONCLUDES THAT CAPITAL GAINS ADDITION IS TO BE ASSESSED IN THE HANDS OF PARTNERSHIP FIRM THAN THE PRESENT ASSESSEE / INDIVIDUAL. WE HOLD IN THIS FACTUAL BACK DROP THAT IMPUGNED PENALTY HAS NO LEG TO STAND. THE REVENUE SOLE SUSTENTATIVE GROUND IS REJECTED. 3. THIS REVENUES APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT 09/ 05/2018 SD/- SD/- ( %) (' %) (DR. A.L. SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) *DKP, SR.P.S (- 09 / 05 /201 8 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-ITO WARD, 27(2), AAYAKAR BHAWAN HADIA, 2 ND FLOOR, KHANJANCHAK, BASUDEBPUR, HAL DIA-721602 2. /RESPONDENT-SRI PARTHA SARATHI DAS, S/O KANAI LAL D AS, VILL & P.O. ALANKARPUR, DIGHA COSTAL MOHANA, PURBA MEDINIPUR-721428 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/ SR. PRIVATE SECRETARY, HEAD OF OFFICE/DDO 3,