M/s Anand Motor Agencies Ltd, Kolkata V. DCIT, Circle-1(1), Kolkata, Kolkata

ITA 765/KOL/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 6166 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 3 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-07-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2009-2010
• Appeal Filed On: 18-04-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S DASGUPTA
• Assessee Lawyers: RAJ KUMAR AGARWAL
• Section: 143(3)

Judgement Text

, B , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH B KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI, M. BALAGANESH, ACCOUNTANT MEMBER ITA NO. 765 / KOL / 20 17 ASSESSMENT YEAR :2009-10 M/S ANAND MOTOR AGENCIES LTD. LAHA PAINT HOUSE, 7, CHITTARANJAN AVENUE, 2 ND FLOOR KOLKATA-72 [ PAN NO. AACCA 0843 N ] V/S . DCIT CIRCLE-1(1), P-7, CHOWERINGHEE SQUARE, KOLKATA-69 /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI RAJ KUMAR AGARWAL, FCA /BY RESPONDENT SHRI S. DASGUPTA, ADDL. CIT-DR /DATE OF HEARING 28-06-2018 /DATE OF PRONOUNCEMENT 18-07-2018 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS ASSESSEES APPEAL FOR ASSESSMENT YEAR 2009-10 ARISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-9, KOLKATAS O RDER DATED 28.02.2017 PASSED IN CASE NO.200/CIT(A)-9/CIR-1(1)/2016-17/KOL ., UPHOLDING ASSESSING OFFICERS ACTION DISALLOWING INTEREST PAID TO BANKS /NBFCS AMOUNTING TO 1,78,20,138/- ON ACCOUNT OF NON-DEDUCTION OF TDS, IN PROCEEDINGS U/S 143(3) R.W.S 263 OF THE INCOME TAX ACT, 1961; IN SH ORT THE ACT. 2. IT EMERGES AT THE OUTSET THAT CIT(A)S ORDER HAS BEEN PASSED EX PARTE WHILST UPHOLDING THE ASSESSING OFFICERS ACTION DIS ALLOWING INTEREST PAYABLE IN QUESTION OF 1,78,20,138/- ON ACCOUNT OF ASSESSEES FAILURE IN DEDUCTING THE RELEVANT TDS AS PER CHAPTER-XVII OF THE ACT. THE AS SESSEES ADMITTED CASE IS THAT IT HAD DEBITED INTEREST EXPENDITURE OF 1,97,11,906/- WHEREAS TDS WAS ITA NO. 765/KOL/2017 A.Y. 2009-10 M/S ANAND MOTOR AGENCIES LTD. VS. DCIT CIR -1(1), KOL. PAGE 2 DEDUCTED OF 18,91,768/- ONLY AS PER ITS REPLY DATED 16.03.2015 BEFORE ASSESSING AUTHORITY. ITS CASE THEREIN WAS THAT SAID REMAINING INTEREST COMPONENT PERTAINS TO BANKS/NBFC COMPANIES OR INSTI TUTION EXEMPT U/S 194A(3) OF THE ACT. WE NOTICE IN THIS BACKDROP THAT CIT(A)S ORDER IN QUESTION NEITHER RECORDS ANY FINDING OF ACTUAL SERVICE OF NO TICE TO THE ASSESSEE NOR DOES IT INDICATE ANY ADJUDICATION ON MERITS OF THE ISSUE U/S. 250(6) OF THE ACT ENVISAGING BOTH POINTS OF DETERMINATION AS WELL AS DETAILED REASONING THEREUPON. WE THUS RESTORE THE INSTANT ISSUE BACK T O THE CIT(A) FOR AFRESH ADJUDICATION AS PER LAW AFTER AFFORDING ADEQUATE OP PORTUNITY OF HEARING TO THE TAXPAYER. 3. THIS ASSESSEES APPEAL IS ACCEPTED FOR STATISTIC AL PURPOSE. ORDER PRONOUNCED IN THE OPEN COURT 18/0 7/2018 SD/- SD/- ( %) (' %) (M.BALAGANESH) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S (- 18 / 07 /201 8 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-M/S ANAND MOTOR AGENCIES LTD. LAHA PAINT HOUSE, 7, CHITTARANJAN AVENUE, 2 ND FLOOR KOLKATA-72 2. /RESPONDENT-DCIT, CIRCLE-1(1), P-7, CHOWRINGHEE SQU ARE, KOLKATA-69 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/ SR. PRIVATE SECRETARY, HEAD OF OFFICE/DDO 3,