Al Qaiser Tobacco Pvt. Ltd., , Kolkata V. DCIT, Circle - 8(1), Kolkata , Kolkata

ITA 410/KOL/2018

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 8906 (ITAT-KOLKATA)
• Duration Of Justice: 9 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-12-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2007-2008
• Appeal Filed On: 12-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S HALDER SRDR
• Assessee Lawyers: PRASHENT GUPTA STAFF
• Keywords: Depreciation

Judgement Text

, D , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D KOLKATA BEFORE SHRI J.SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SHRI S.S.GODARA, JUDICIAL MEMBER ITA NO.410/KOL/2018 ASSESSMENT YEAR: 2007-08 AI QAISER TOBACCO PVT. LTD., 44B, SHAMSUL HUDA ROAD, KOLKATA-700017 [ PAN NO. AACCA 3821 A ] / V/S . DCIT, CIRCLE-8(1), AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, 5 TH FLOOR, KOLKATA-69 /APPELLANT .. /RESPONDENT /BY APPELLANT SHRI PRASHENT GUPTA, STAFF /BY RESPONDENT SHRI S. HALDER, SR-DR /DATE OF HEARING 19-12-2018 /DATE OF PRONOUNCEMENT 26-12-2018 /O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2007-08 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-3, KOLKATAS O RDER DATED 13.02.2018 PASSED IN CASE NO.1183/CIT(A)-3/CIRCLE-8(1)/15-16 KOL, INV OLVING PROCEEDINGS 144R.W.S.147 R.W.S143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE(S) PERUSED. 2. IT EMERGES AT THE OUTSET THAT THE ASSESSEE HAS R AISED VARIOUS SUBSTANTIVE GROUNDS INTER ALIA CHALLENGING VALIDITY OF THE RE-OPENING IN QUESTION FINALLY CULMINATING IN DEPRECIATION DISALLOWANCE OF 6,18,309/-, DISALLOWANCE OF LOSS ON SALE OF VEHICLE AMOUNTING TO 1,66,904/- AND ALSO TREATING PROFIT ON SALE OF LAND AS LONG TERM CAPITAL GAINS INSTEAD OF SHORT TERM CAPITAL GAINS; RESPECTI VELY. THE CIT(A)S ORDER UNDER ITA NO.420/KOL/2018 ASSESSMENT YEAR 2 007-08 AI QAISER TOBACCO PVT. LTD. VS DCIT, CIR-8(1 ), KOL. PAGE 2 CHALLENGE RECORDS THAT NOBODY APPEARED AT ASSESSEE S BEHEST DURING THE COURSE OF LOWER APPELLATE PROCEEDINGS. HE THEREAFTER RECORDS THAT ASSESSEE HAD FILED WRITTEN SUBMISSION FOLLOWED BY ASSESSING OFFICERS REMAND R EPORT. LEARNED DEPARTMENTAL REPRESENTATIVE FAILS TO DISPUTE THAT THE CIT(A)S O RDER UNDER CHALLENGE HAS SIMPLY BRUSHED ASIDE ALL OF ASSESSEES SUBSTANTIVE GROUNDS IN PARA-(V) PAGE 3 OF THE LOWER APPELLATE ORDER WITHOUT ANY DETAILED ADJUDICATION A S CONTEMPLATED U/S 250(6) OF THE ACT REQUIRING POINTS OF DETERMINATION FOLLOWED BY C ONSEQUENTIAL DISCUSSION. WE THEREFORE RESTORE THE INSTANT LIS BACK TO THE CIT(A) FOR APPROPRIATE ADJUDICATION AS PER LAW AFTER AFFORDING AT LEAST THREE EFFECTIVE OPPORT UNITIES TO THE TAXPAYER. 3. THIS ASSESSEES APPEAL IS ACCEPTED FOR STATISTIC AL PURPOSES. ORDER PRONOUNCED IN OPEN COURT ON 26/12/2018 SD/- SD/- ( &) (( &) (J.SUDHAKAR REDDY) (S.S.GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER *DKP-SR.PS ) - 26/12/2018 / KOLKATA / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-AI QAISER TOBACCO PVT. LTD. 44B, SHAMSUL HUDA RD. KOL-17 2. /RESPONDENT-DCIT, CIR-8(1), P-7, CHOWRINGHEE SQUARE , 5 TH FL, KOLKATA-69 3. , - / CONCERNED CIT 4. - - / CIT (A) 5. . ((, , , /DR, ITAT, KOLKATA 6. 2 / GUARD FILE. BY ORD ER/ , /TRUE COPY/ / ,,