M/s Bhutoria Memorial Trust, Kolkata V. CIT(EXEMPTIONS), KOLKATA, Kolkata

ITA 834/KOL/2016

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 1884 (ITAT-KOLKATA)
• Duration Of Justice: 11 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-04-2017
• Appeal Filed By: Assessee
• Bench Allotted: C
• Assessment Year: misc
• Appeal Filed On: 27-04-2016
• Court: TRIBUNAL
• Department Lawyers: G MALLIKARJUNA
• Assessee Lawyers: V N PUROHIT
• Section: 80G; 12AA; 12

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C, BENC H KOLKATA BEFORE SHRI N.V. VASUDEVAN, JM & DR. A.L.SAINI, AM ./ ITA NO.834/KOL/2016 ( / ASSESSMENT YEAR :N.A.) M/S BHUTORIA MEMORIAL TRUST 8A LINDSAY STREET, KOLKATA-700087 VS. COMMISSIONER OF INCOME TAX (EXEMPTION), 10B- MIDDLETON ROW, 6 TH FLOOR, KOLKATA-700071 ./ ./PAN/GIR NO. : AAATB 5481G ( /APPELLANT ) .. ( / RESPONDENT ) /ASSESSEE BY : SHRI V.N. PUROHIT, FCA /REVENUE BY : SHRI G. MALLIKARJUNA, CIT- (DR) / DATE OF HEARING : 05/04/2017 /DATE OF PRONOUNCEMENT 26/04/2017 / O R D E R PER DR. ARJUN LAL SAINI, AM: THE CAPTIONED APPEAL FILED BY THE ASSESSEE, IS DIR ECTED AGAINST AN ORDER PASSED BY THE LD. COMMISSIONER OF INCOME TAX (EXEMPTIONS) KOLKATA, UNDER SECTION 80G (5) (VI) [ CIT (E)/KOL/8 0G/2015-16/5726 ], DATED 14.03.2016. THE LD CIT( EXEMPTIONS) CANCELLED THE REGISTRATION OF THE TRUST U/S 80G (5) OBSERVING THAT ASSESSEE`S TRU ST REGISTRATION U/S 12AA (3) HAD ALREADY BEEN CANCELLED. THAT IS, SINCE THE REGISTRATION OF THE TRUST U/S 12AA(3) HAD CANCELLED THEREFORE, THE ASSE SSEE TRUST IS NOT ENTITLED TO ENJOY THE REGISTRATION U/S 80G (5) OF T HE ACT AND THEREFORE, LD CIT(EXEMPTIONS) CANCELLED THE REGISTRATION WITH EFF ECT FROM 01.04.2011. 2. AGGRIEVED FROM THE ORDER OF LD CIT(E), THE ASSES SEE TRUST IS IN APPEAL BEFORE US AND PRAYED THE BENCH THAT HON`BLE ITAT KO LKATA IN ITA NO.537/KOL/2016, DATED 14.09.2016 ( IN ASSESSEE`S TRUST OWN APPEAL) HAS GRANTED THE RELIEF TO THE ASSESSEE TRUST AND HE LD THE LD CIT (E) WAS ITA NO.834/KOL/2016 M/S BHUTORIA MEMORIAL TRUST 2 NOT JUSTIFIED IN CANCELLING THE REGISTRATION U/S 12 AA(3) & 12AA(4) OF THE INCOME TAX ACT. THEREFORE, THE REGISTRATION EARLIER CANCELLED U/S 12AA(3) & 12AA(4) OF THE INCOME TAX ACT, HAS BEEN RESTORED BECAUSE OF THE HON,BLE TRIBUNAL ORDER IN ITA NO. 537/KOL/2016 (SUP RA) AND THEREFORE, THE REGISTRATION OF ASSESSEE TRUST U/S 12AA IS VALID AN D EFFECTIVE. 3. BOTH THE PARTIES ARE HEARD AND RECORDS HAVE BEEN PERUSED. WE ARE OF THE VIEW THAT SINCE THE REGISTRATION OF ASSESSEES TRUST U/S 12AA IS VALID AND EFFECTIVE THEREFORE WE CANCEL THE ORDER PASSED BY THE LD CIT(E) U/S 80G (5) OF THE ACT [CIT (E)/KOL/80G/2015-16/5726], DATED 14.03.2016 AND DIRECT THE CIT(E) TO GRANT APPROVAL U/S.80G(5) TO T HE ASSESSEE. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE TRUST, IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 26/ 04/2017. SD/ - (N.V. VASUDEVAN) SD/ - (DR. A.L.SAINI) / JUDICIAL MEMBER / ACCOUNTANT MEMBER /KOLKATA ; $% DATED 26/04/2017 & ()* /PRAKASH MISHRA ,SR.PS. / COPY OF THE ORDER FORWARDED TO : / BY ORDER, / ( ASSTT. REGISTRAR) & ' , / ITAT, KOLKATA 1. / THE APPELLANT- M/S BHUTORIA MEMORIAL TRUST 2. / THE RESPONDENT.-CIT(E), KOLKATA 3. 4 ( ) / THE CIT(A), KOLKATA. 4. 4 / CIT 5. 56 7 8 , 8 , / DR, ITAT, KOLKATA 6. 7 9 / GUARD FILE. 5 //TRUE COPY//