M/s. Tirumala Stock Broking Pvt. Ltd., , Kolkata V. DCIT, Circle - 1(2), Kolkata , Kolkata

ITA 2570/KOL/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 6622 (ITAT-KOLKATA)
• Duration Of Justice: 5 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-06-2018
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: SMC
• Assessment Year: 2012-2013
• Appeal Filed On: 29-12-2017
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: RANU BISWAS
• Assessee Lawyers: RAJENDRA KUMAR CHOT IA ACS
• Keywords: Principle of natural justice

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH : KOLKATA [BEFORE HONBLE SHRI J.SUDHAKAR REDDY, AM] I.T.A NO. 2570/KOL/20 17 ASSESSMENT YEAR : 2012-1 3 M/S TIRUMALA STOCK BROKING PVT. LTD. -VS- DCIT, CIRCLE-1(2), KOLKATA [PAN: AAACL 4665 R] (APPELLANT) (RESPONDENT) FOR THE APPELLANT : SHRI RAJENDRA KUMAR CHOT IA, ACS FOR THE REVENUE : SMT. RANU BISWAS, ADDL. C IT DATE OF HEARING : 05.06.2018 DATE OF PRONOUNCEMENT : 27 .06.2018 ORDER THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST TH E ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS)-1, KOLKATA (HE REINAFTER THE LD. CIT(A)), DT. 20.10.2017 PASSED U/S 250 OF THE INCOME TAX ACT, 19 61 (THE ACT) FOR THE ASSESSMENT YEAR 2012-13. 2. AFTER HEARING RIVAL SUBMISSIONS AND ON A CAREFUL CONSIDERATION OF THE FACTS AND CIRCUMSTANCES OF THE CASE, A PERUSAL OF PAPERS ON R ECORD AND ORDERS OF THE LOWER AUTHORITIES BELOW AS WELL AS CASE LAW CITED, I HOLD AS FOLLOWS. 3. I FIND THAT THE LD. CIT(A) PASSED AN EX PARTE OR DER. HE HAS NOT DISPOSED OFF THE CASE ON MERITS. THE ASSESSEE HAS CONVINCED ME THAT IT IS PREVENTED BY SUFFICIENT CAUSE FROM APPEARING BEFORE THE LD. CIT(A). 2 ITA NO.2570/KOL/2017 M/S TIRUMALA STOCK BROKING PVT. LTD. A.YR .2012-13 2 4. IN VIEW OF THE ABOVE, THIS APPEAL IS SET ASIDE T O THE FILE OF THE LD. CIT(A) FOR FRESH ADJUDICATION IN ACCORDANCE WITH LAW ON THE GROUNDS OF NATURAL JUSTICE. 5. THE ASSESSEE IS DIRECTED TO APPEAR BEFORE THE LD . CIT(A) WITHIN ONE MONTH FROM THE RECEIPT OF A COPY OF THIS ORDER, TAKE NOTICE AND THEREAFTER COOPERATE WITH THE LD. CIT(A) IN DISPOSING OFF THIS APPEAL. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALL OWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE COURT ON 27.06.2018 S D/- [ J.SUDHAKAR REDDY] ACCOUNTANT MEMBER DATED : 27.06.2018 SB, SR. PS COPY OF THE ORDER FORWARDED TO: 1. M/S TIRUMALA STOCK BROKING PVT. LTD., 12, KHETRA DAS LANE, KOLKATA-700012. 2. DCIT, CIRCLE-1(2), KOLKATA, P-7, CHOWRINGHEE SQU ARE, 7 TH FLOOR, KOLKATA-700069. 3..C.I.T.(A)- , KOLKATA 4. C.I.T.- KOLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER SENIOR PRIVAT E SECRETARY HEAD OF OFFICE/D.D.O., ITAT, KOLKATA BENCHE S 3 ITA NO.2570/KOL/2017 M/S TIRUMALA STOCK BROKING PVT. LTD. A.YR .2012-13 3