M/s Blooms, Jamshedpur V. ITO, Ward-1(1), Jamshedpur

ITA 368/RAN/2018

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 0005 (ITAT-RANCHI)
• Duration Of Justice: 1 year(s) 2 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-03-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2015-2016
• Appeal Filed On: 06-12-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RANCHI BENCH SMC RANCHI BEFORE SHRI S.S, GODARA, JUDICIAL MEMBER ITA NO.368/RAN/2018 ASSESSMENT YEAR:2015-16 M/S BLOOMS TOP FLOOR ADITYA TOWER, MAIN ROAD, BISTUPUR, DHALBHUM, EAST SINGHBHUM-831001 [ PAN NO.AAGFB 6110 L ] / V/S . INCOME TAX OFFICER, WARD-1(1), JAMSHEDPUR /APPELLANT .. /RESPONDENT /BY APPELLANT SHRI M.K. CHOWDHURY, ADVOCATE /BY RESPONDENT SMT. NISHA ORAON SINGHMARR, JCIT-DR /DATE OF HEARING 04-03-2020 /DATE OF PRONOUNCEMENT 04-03-2020 /O R D E R (ORAL) THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2015-16 , ARISES AGAINST THE COMMISSIONER OF INCOME-TAX (APPEALS)-JAMSHEDPURS O RDER DATED 28.08.2018 PASSED IN CASE NO.280/JSR/2017-18, INVOLVING PROCEEDINGS U /S. 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE RAISES IN THE INSTANT LIS SEEKS TO REVERSE BOTH THE LOWER AUTHORITIES ACTION ADDING GR OSS PROFIT ELEMENT AMOUNTING TO RS.7,19,384/- ON THE ALLEGED UN-RECONCILED DIFFEREN CE BETWEEN THE TURNOVER DISCLOSED IN SERVICE TAX VIS--VIS INCOME TAX RETURN(S). BOTH THE LEARNED REPRESENTATIVES ARE FAIR ENOUGH IN AGREEING TO THE CLINCHING FACT THAT THIS ISSUE ESSENTIALLY REQUIRES AFRESH ITA NO.368/RAN/2018 ASSESSMENT YEAR:2015-16 M/S BLOOMST VS. ITO WD-1(1), JSR P AGE 2 RECONCILIATION ONLY. I THEREFORE DEEM IT APPROPRIAT E TO RESTORE THE SAME BACK TO THE ASSESSING OFFICER FOR AFRESH ADJUDICATION WITHIN TH REE EFFECTIVE OPPORTUNITIES OF HEARING. LEARNED COUNSEL UNDERTAKES TO APPEAR BEFOR E THE ASSESSING OFFICER ON OR BEFORE 15.04.2020 ALONG WITH A COPY OF THIS ORDER. 3. THIS ASSESSEES APPEAL IS ALLOWED FOR STATISTICA L PURPOSES IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT AT THE CLOSE OF HEA RING ON WEDNESDAY , 4 TH MARCH, 2020 SD/- ( #) (S.S. GODARA) JUDICIAL MEM BER *DKP/SR.PS % - 04/03/2020 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-M/S BLOOMS TOP FLOOR ADITYA TOWER, MAIN ROAD, BISTUPUR DHALBHUM, EAST SINGHBHUM-831001 2. /RESPONDENT-ITO WD-1(1), JAMSHEDPUR 3. ) , / CONCERNED CIT 4. , - / CIT (A) 5. - ) , ) / DR, ITAT, RANCHI 6. 1 / GUARD FILE. BY ORDER/ , /TRUE COPY/ SR. PRIVATE SECRETARY/P.S (ON TOUR) ),