Sri Sukumar Das, Kolkata V. CIT, KOLKATA -V, KOLKATA, Kolkata

ITA 522/KOL/2015

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 5039 (ITAT-KOLKATA)
• Duration Of Justice: 4 year(s) 6 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-11-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 18-09-2019
• Assessment Year: 2007-2008
• Appeal Filed On: 05-05-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: DR P K SRIHARI
• Keywords: Capital Gains
• Section: 201; 263

Judgement Text

, C , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH C KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER ITA NO. 522 / KOL / 201 5 ASSESSMENT YEAR :2007-08 SRI SUKUMAR DAS 65B, LINTON STREET, KOLKATA-700 014 [ PAN NO.AGGPD 1946 A ] V/S . COMMISSIONER OF INCOME TAX, KOLKATA- V, 169, A.J.C. BOSE ROAD, KOLKATA-14 /APPELLANT .. / RESPONDENT /BY APPELLANT NONE /BY RESPONDENT DR. P.K. SRIHARI CIT-DR /DATE OF HEARING 07-11-2019 /DATE OF PRONOUNCEMENT 22-11-2019 / 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-VS ORDER DATED 26.03.20 14 PASSED IN CASE M.NO.CIT-V/KOL/SD/U/S.263/2013-14/ INVOLVING PROCEE DINGS U/S 263 OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. 2. FOR THE REASON STATED IN THE CONDONATION PETITIO N / AFFIDAVIT DATED 05.05.2015 INDICATING THE ASSESSEES ILLNESS AND ON ACCOUNT OF NO OBJECTION FROM THE REVENUE SIDE, WE CONDONE THE IMPUGNED FOUR TEEN DAYS DELAY IN FILING OF THE INSTANT APPEAL. CASE CALLED TWICE. NONE APPEARS AT THE ASSESSEES B EHEST. CASE FILE INDICATES ASSESSEE THAT THE , SHRI SUKUMAR DAS DIED ON 20.04.2019. DULY NOTORIZED AFFIDAVIT DATED 12.07.2019 TO THIS E FFECT FORM PART OF RECORD BEFORE US. IT EMERGES FROM THE CASE FILE THA T THE SAID LEGAL HEIR(S) TOOK AN ADJOURNMENT ON 16.07.2019 THAT THE ASSESSEE HAD FILED A WRIT ITA NO.522/KOL/2015 A.Y. 2007-08 SRI SUKUMAR DAS. VS. CIT-V, KOL. PAGE 2 PETITION CHALLENGING VALIDITY OF RE-OPENING FORMING SUBJECT-MATTER OF CITS REVISION JURISDICTION THE SAME WAS STATED TO BE PENDING. THE CASE WAS THEN ADJOURNED TO 18.09.2019, 13.10.2019 AND FO R TODAYS I.E. 07.11.2019. WE THUS PROCEED EX PARTE AGAINST THE ASSESSEES ABOVE STATED LEGAL HEIR(S). 3. COMING TO MERITS OF THE ISSUE, IT TRANSPIRES THA T THE CIT HAS CONCLUDED IN HIS ORDER UNDER CHALLENGE THAT THE ASSESSING OFF ICERS RE-ASSESSMENT IN ISSUE FAILED TO TAKE NOTE OF THE ASSESSEES SHORT T ERM CAPITAL GAINS AMOUNTING TO 13,99,866/- AS PER LAW AND THEREFORE, THE SAME DESE RVES TO BE EXAMINED AFRESH RENDERING THE EARLIER ASSESSMENT / RE-ASSESS MENT ERRONEOUS CAUSING PREJUDICE TO INTEREST OF THE REVENUE. THERE IS NO R EBUTTAL TO ALL THESE CLINCHING FACTS FROM THE ASSESSEES SIDE. WE THEREFORE UPHOLD THE CITS ASSUMPTION OF REVISION JURISDICTION UNDER CHALLENGE. 4. THIS ASSESSEES APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT 22/ 11/2019 SD/- SD/- ( %) (' %) ( A.L.SAINI) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP (- 22 / 11 /201 9 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-SRI SUKUMAR DAS, 65B, LINTON STREET, KOL KATA-700 014 2. /RESPONDENT-CIT-V, 169, A.J.C. BOSE ROAD,KOLKATA-70 0 014 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/ 3,