ACIT, Circle-5, Kolkata, Kolkata V. M/s. The Calcutta Tramways Co (1978) Ltd., Kolkata

ITA 490/KOL/2010

• Counselvise Citation: [2010] 136 COUNSELVISE.COM (IT) 2510 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-07-2010
• Appeal Filed By: Department
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 09-03-2010
• Court: TRIBUNAL
• Department Lawyers: PIYUSH KOLHE
• Assessee Lawyers: A BISWAS
• Keywords: Depreciation

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : KOLKATA () BEFORE . . . . . . . . , , , , , !' !' !' !' /AND . . . . . . . . #$ #$ #$ #$ , , , , % [BEFORE HONBLE SRI D. K. TYAGI, JM & HONBLE SRI K. K. GUPTA, AM] '& '& '& '& / ITA NO. 490 /KOL/2010 '() *+ '() *+ '() *+ '() *+/ // / ASSESSMENT YEAR : 2006-07 ASSISTANT COMMISSIONER OF INCOME-TAX, -VS- M/S. TH E CALCUTTA TRAMWAYS CO. CIRCLE-5, KOLKATA (1978) LTD. (PA NO.AABCT 76 74 D) (-. / APPELLANT ) (/-./ RESPONDENT ) FOR THE APPELLANT : / SRI PIYUSH KOLHE FOR THE RESPONDENT: / SHRI A. BISWAS 0 / ORDER PER D. K. TYAGI, JM ( . . . . . . . . , , , , ) THIS APPEAL PREFERRED BY THE REVENUE IS DIRECTED AG AINST THE ORDER OF THE LD. CIT(A), KOLKATA DATED 23.12.2009 FOR THE ASSESSMEN T YEAR 2006-07 IN ALLOWING THE EXCESS DEPRECIATION OF RS.5,11,99,607/-. 2. THIS GROUND OF APPEAL OF THE REVENUE IS AGAINST THE ACTION OF THE LD. CIT(A) IN DELETING THE ADDITION OF RS.5,11,99,607/- WHICH WAS MADE BY THE AO BY HOLDING THAT THE ASSESSEE HAD CLAIMED EXCESS DEPRECIATION TO THE EXTENT OF THAT AMOUNT. BEFORE US, THE LD. COUNSEL FOR THE ASSESSEE HAS TAKEN THE COMM ON STAND AS IN THE EARLIER YEARS THAT THE SAID ISSUE IS COVERED IN FAVOUR OF THE ASSESSEE BY VIRTUE OF THE CONSISTENT ORDERS OF THE TRIBUNAL VIDE ORDERS DATED 9.10.2009 IN ITA NOS . 443 & 444/K/2009, AYS 2001-02 & 2003-04, DATED 25.8.2006 IN ITA NOS. 129 & 270/K/ 2006, AY 2002-03 AND ORDER DATED 7.8.2008 IN ITA NOS. 1198 & 1199/K/2009 FOR A YRS. 2004-05 & 2005-06. ON THE OTHER HAND, THE LD. DR SUBMITTED THAT THE LD. CIT(A) HAS WRONGLY ALLOWED THE EXCESS DEPRECIATION OF RS.5,11,99,607/- WITHOUT CON SIDERING THAT THE BASIS OF SUCH EXCESS CLAIM I.E. ITATS ORDERS DATED 25.8.2006 VID E ITA NOS. 129/2006 AND 270/2006 HAVE BEEN CHALLENGED BY THE DEPARTMENT AND HAS NOT BEEN REACHED ITS FINALITY. HE, THEREFORE, URGED BEFORE THE BENCH TO SET ASIDE THE ACTION OF THE LD.CIT(A) AND RESTORE THAT OF AO. 3. AFTER HEARING THE RIVAL SUBMISSIONS, PERUSING TH E MATERIAL AVAILABLE ON RECORD AND THE ORDERS OF THE TRIBUNAL FOR EARLIER YEARS, WE FI ND THAT THE ISSUE IS COVERED IN FAVOUR OF THE ASSESSEE AND THE LD. CIT(A) HAS ALSO GIVEN RELI EF TO THE ASSESSEE BY RELYING ON THE DECISION OF THE ITAT C BENCH, KOLKATA IN ITA NOS. 443 & 444 DATED 9.10.2009 AND ALSO RELYING ON THE DECISION OF ITAT A BENCH, KOL KATA IN ITA NO. 1198-1199 VIDE 2 ORDER DATED 7.8.2008. SINCE THE LD. CIT(A) HAS GIV EN RELIEF TO THE ASSESSEE BY RELYING ON THE AFORESAID DECISIONS OF THE COORDINATE BENCH OF THIS TRIBUNAL, WE FIND NO INFIRMITY IN HIS ORDER AND THE SAME IS HEREBY UPHEL D. THE APPEAL OF THE REVENUE IS, THEREFORE, DISMISSED. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DIS MISSED. ORDER IS PRONOUNCED IN THE OPEN COURT. SD/- SD/- . . . . . . . . #$ #$ #$ #$, , , , % . . . . . . . . , , , , (K. K. GUPTA) (D. K. TYAGI) ACCOUNTANT MEMBER JUDICIAL MEMBER ( (( (% % % %) )) ) DATED : 7TH JULY, 2010 12 '(34 '5 JD.(SR.P.S.) 0 6 /''7 87*9- COPY OF THE ORDER FORWARDED TO: 1. -. /APPELLANT - DCIT, CIRCLE-5, KOLKATA 2 /-. / M/S. THE CALCUTTA TRAMWAYS CO. (1978) LTD., 12, R . N. MUKHERJJEE ROAD, KOLKATA-1.. 3. '0(/ THE CIT, KOLKATA 4. '0( ()/ THE CIT(A), KOLKATA 5. @' /'( / DR, KOLKATA BENCHES, KOLKATA 7 /'/ TRUE COPY , 0(A/ BY ORDER , B '4 / DEPUTY REGISTRAR .