DCIT, Circle - 1, SILIGURI, Siliguri V. Gangadhar Developers Pvt. Ltd., Siliguri

ITA 92/KOL/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 1902 (ITAT-KOLKATA)
• Duration Of Justice: 7 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 16-01-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Application of stay

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A, KOLKATA [BEFORE SHRI P.M. JAGTAP, AM & SHRI S.S. VISWANETHRA RAVI, JM] S.A. NOS. 92, 93 & 94/KOL/2018 (ARISING OUT OF IT(SS)A NOS. 59, 60 & 61/KOL/2018) ASSESSMENT YEARS: 2010-11, 2013-14 & 2014-15 M/S. BHANSALI FINCOM PVT. LTD................................APPELLANT UNIT 3C, TRINITY BUILDING, MINTO PARK, 226/1, A.J.C. BOSE ROAD, KOLKATA 700 020. [PAN : AABCB 3060 R] DCIT CENTRAL CIRCLE 3(3) KOLKATA............RESPONDENT 110, SHANTIPALLY, E.M. BYE PASS, KOLKATA 100 107. APPEARANCES BY: SMT. S.M. SURANA, ADVOCATE APPEARING ON BEHALF OF THE ASSESSEE. SHRI S. KUMAR, SR. DR APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : AUGUST 31, 2018 DATE OF PRONOUNCING THE ORDER : AUGUST 31, 2018 O R D E R PER P.M. JAGTAP, A.M. BY THIS STAY APPLICATIONS, THE ASSESSEE IS SEEKING STAY OF OUTSTANDING DEMAND FOR A.Y. 2010-11, 2013-14 AND 2014-15 AMOUNTING TO RS. 1.42 CRORES, 17.59 LACS AND 12.54 LACS RESPECTIVELY. 2. WE HAVE HEARD THE ARGUMENTS OF BOTH THE SIDES AND ALSO PERUSED THE RELEVANT MATERIAL AVAILABLE ON RECORD. THE LEARNED COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE COMMON ISSUE INVOLVED IN THE CORRESPONDING APPEALS OF THE ASSESSEE FOR ALL THE 3 YEARS UNDER CONSIDERATION IS SQUARELY COVERED IN FAVOUR OF THE ASSESSEE BY THE VARIOUS DECISIONS OF THIS TRIBUNAL AND IF THE SAID APPEALS ARE FIXED FOR HEARING OUT OF TURN, THE ASSESSEE IS NOT 2 S.A. NOS. 92, 93 & 94/KOL/2018 (A.Y. 2010-11, 2013-14 & 2014-15) M/S. BHANSALI FINCOM PVT. LTD. KEEN TO PRESS FOR THE STAY OF OUTSTANDING DEMANDS. SINCE THE LEARNED DR HAS NO OBJECTION FOR GRANTING THE HEARING OUT OF TURN IN CASE OF THE CORRESPONDING APPEALS OF THE ASSESSEE AS REQUESTED BY THE LEARNED COUNSEL FOR THE ASSESSEE, WE DIRECT THE REGISTRY TO FIX THE SAID APPEALS FOR HEARING OUT OF TURN ON 17.09.2018. THE REQUEST OF THE ASSESSEE FOR STAY OF OUTSTANDING DEMAND IS NOT ACCEDED TO. 3. IN THE RESULT, THE STAY APPLICATIONS OF THE ASSESSEE ARE DISMISSED ORDER PRONOUNCED IN THE OPEN COURT ON 31 ST AUGUST, 2018 SD/- SD/- (S.S.VISWANETHRA RAVI) (P.M. JAGTAP) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 31/08/2018 BISWAJIT, SR. PS COPY OF ORDER FORWARDED TO: 1. M/S. BHANSALI FINCOM PVT. LTD., UNIT 3C, TRINITY BUILDING, MINTO PARK, 226/1, A.J.C. BOSE ROAD, KOLKATA 700 020. 2. DCIT CIR 3(3), KOLKATA. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, SR. P.S. / H.O.O. ITAT, KOLKATA 3 S.A. NOS. 92, 93 & 94/KOL/2018 (A.Y. 2010-11, 2013-14 & 2014-15) M/S. BHANSALI FINCOM PVT. LTD.