ITO, Ward-29(4),Kolkata, Kolkata V. KumudiniThirani, Kolkata

ITA 97/KOL/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 5993 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-07-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2006-2007
• Appeal Filed On: 19-01-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: N O N E
• Assessee Lawyers: SALLONG YADEN CIT SR D R RESP
• Keywords: Tax effect

Judgement Text

PAGE 1 OF 9 IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA A BENCH, KOLKATA BEFORE SHRI P.M. JAGTAP, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A. NO. 97/KOL/2017 ASSESSMENT YEAR: 2006-2007 INCOME TAX OFFICER,.............................. .....................................APPELLANT WARD-29(4), KOLKATA -VS.- KUMUDINI THIRANI,.................... ................RESPONDENT 44/3A, DURGAPUR LANE, KOLKATA-700 027 [PAN: ADCPT 1395C] APPEARANCES BY: N O N E, FOR THE APPELLANT SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT & I.T.(SS)A. NO. 115/KOL/2017 ASSESSMENT YEAR: 2009-2010 ASSISTANT COMMISSIONER OF INCOME TAX,.............. ...........................APPELLANT CENTRAL CIRCLE-1(2), KOLKATA -VS.- M/S. MRT SIGNALS LIMITED,................ ...................RESPONDENT 44/3A, DURGAPUR LANE, KOLKATA-700 027 [PAN: AAECM 7453 L] APPEARANCES BY: N O N E, FOR THE APPELLANT SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT & I.T.(SS)A. NO. 95/KOL/2017 ASSESSMENT YEAR: 2009-2010 ASSISTANT COMMISSIONER OF INCOME TAX,.............. .............................APPELLANT CENTRAL CIRCLE-3(3), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. PRAKASH PLY EXIM PVT. LIMITED,...... .............RESPONDENT 67/10, STRAND ROAD, KOLKATA-700 006 [PAN: AAECP 0837 D] APPEARANCES BY: PAGE 2 OF 9 SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT MS. PINKI SHAW, FOR THE APPELLANT & C.O. NO. 110/KOL/2017 (IN IT(SS)A. NO. 95/KOL/2017) ASSESSMENT YEAR: 2009-2010 M/S. PRAKASH PLY EXIM PVT. LIMITED,........ ..............CROSS OBJECTOR 67/10, STRAND ROAD, KOLKATA-700 006 [PAN: AAECP 0837 D] -VS.- DEPUTY COMMISSIONER OF INCOME TAX,................. ........................RESPONDENT CENTRAL CIRCLE-3(3), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 APPEARANCES BY: MS. PINKI SHAW, ACA, FOR THE CROSS OBJECTOR SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT & I.T.(SS)A. NO. 99/KOL/2017 ASSESSMENT YEAR: 2013-2014 ASSISTANT COMMISSIONER OF INCOME TAX,.............. ............................APPELLANT CENTRAL CIRCLE-3(3), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. PRAKASH PLY EXIM PVT. LIMITED,...... ..............RESPONDENT 67/10, STRAND ROAD, KOLKATA-700 006 [PAN: AAECP 0837 D] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT MS. PINKI SHAW, FOR THE APPELLANT & C.O. NO. 114/KOL/2017 (IN IT(SS)A. NO. 99/KOL/2017) ASSESSMENT YEAR: 2013-2014 M/S. PRAKASH PLY EXIM PVT. LIMITED,........ ................CROSS OBJECTOR 67/10, STRAND ROAD, KOLKATA-700 006 [PAN: AAECP 0837 D] -VS.- DEPUTY COMMISSIONER OF INCOME TAX,................. ..............................RESPONDENT CENTRAL CIRCLE-3(3), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 MS. PINKI SHAW, ACA, FOR THE CROSS OBJECTOR SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE RESPONDENT PAGE 3 OF 9 & I.T.(SS)A. NO. 86/KOL/2017 ASSESSMENT YEAR: 2011-2012 DEPUTY COMMISSIONER OF INCOME TAX,................. .................................APPELLANT CENTRAL CIRCLE-2(2), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. ORISSA METALIKS PVT. LIMITED,................ ...........................RESPONDENT 39, SHAKESPEARA SARANI, 6 TH FLOOR, KOLKATA-1 [PAN: AAACO 8663 L] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT SMT. SHIKHA AGARWAL, ACA, FOR THE RESPONDE NT & I.T.(SS)A. NO. 55/KOL/2017 ASSESSMENT YEAR: 2009-2010 ASSISTANT COMMISSIONER OF INCOME TAX,.............. ...............................APPELLANT CENTRAL CIRCLE-3(3), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. RTC FINANCIAL SERVICES PVT. LIMITED,....... ..........................RESPONDENT C/O. KAMALPUR FINANCE PVT. LIMITED, KAMALAYA CENTRE, UNIT NO. 307 & 308 156, LENIN SARANI, KOLKATA-700 013 [PAN: AABCR 3793 D] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.44/KOL/2018 ASSESSMENT YEAR: 2012-2013 DEPUTY COMMISSIONER OF INCOME TAX,................. ................................APPELLANT CENTRAL CIRCLE-4(4), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. ANANDALOKE MEDICAL CENTRE PVT. LIMITED,... ...................RESPONDENT SEVOKE ROAD, SILIGURI-734001 [PAN: AADCA 8941 N] PAGE 4 OF 9 APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.1312/KOL/2018 ASSESSMENT YEAR: 2012-2013 DEPUTY COMMISSIONER OF INCOME TAX,................. ..................................APPELLANT CENTRAL CIRCLE-8(2), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 -VS.- M/S. ZOOM ENTERPRISE LIMITED,............ ....................RESPONDENT INTERNATIONAL TOWER-X-1, 8/3, SECTOR-V, SALT LAKE, ELECTRONICS COMPLEX, KOLK ATA-91 [PAN: AAACZ 0872 A] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.764/KOL/2018 ASSESSMENT YEAR: 2014-2015 JOINT COMMISSIONER OF INCOME TAX (OSD),............ ...........................APPELLANT CENTRAL CIRCLE-14(2), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. WEST BENGAL HOUSING INFRASTRUCTURE DEV. CORPOR ATION LTD....................... ..........RESPONDENT HIDCO BHAWAN, 35-1111, MAJOR ARTERIAL ROAD, NEW TOW N, KOLKATA-700 156 [PAN: AAACW 4115 F] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.679/KOL/2018 ASSESSMENT YEAR: 2011-2012 DEPUTY COMMISSIONER OF INCOME TAX,................. ............................APPELLANT CENTRAL CIRCLE-10(1), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 -VS.- PAGE 5 OF 9 M/S. MAGNUM CLOTHING PVT. LIMITED,............. .....................RESPONDENT 133, CANNING STREET, KOLKATA- [PAN: AACCM 0783 F] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT SHRI A.K. TIBREWAL, FCA, FOR THE RESPONDE NT & I.T.A. NO.277/KOL/2018 ASSESSMENT YEAR: 2013-2014 ASSISTANT COMMISSIONER OF INCOME TAX,.............. .........................APPELLANT CIRCLE-42, MURSHIDABAD, 39, R.N. TAGORE ROAD, P.O. BERHAMPORE, DIST. MURSHIDABAD-742 101 -VS.- MD. RAZZAKUZZAMAN,................... ..............RESPONDENT RAMBAG, BHAGWANGOLA, DISTR. MURSHIDABAD-742135 [PAN: AQJPR 0111 L] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.A. NO.265/KOL/2018 ASSESSMENT YEAR: 2012-2013 INCOME TAX OFFICER,................................ ............................................APPELLA NT WARD-12(1), KOLKATA, AAYAKAR BHAWAN P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 -VS.- M/S. RENAULT DEVELOPERS PVT. LIMITED,.......... .........................RESPONDENT 3A, RAMMOHAN MULLICK GARDEN LANE, E.M. BYE PASS, KO LKATA-700 010 [PAN: AABCR 3545 B] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.A. NO.256/KOL/2018 ASSESSMENT YEAR: 2014-2015 DEPUTY COMMISSIONER OF INCOME TAX,................. .................................APPELLANT CIRCLE-12(1), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 -VS.- PAGE 6 OF 9 M/S. BMA COMMODITIES PVT. LIMITED,............. .........................RESPONDENT PAUL MANSION, 1 ST FLOOR, 6, BISHOP LEFROY ROAD, KOLKATA-700 020 [PAN: AACCB 5142 K] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.213/KOL/2018 ASSESSMENT YEAR: 2014-2015 INCOME TAX OFFICER,................................ ..............................................APPEL LANT WARD-14(2), KOLKATA, AAYAKAR BHAWAN POORVA, E.M. BYE-PASS, 110, SHANTI PALLY, 4 TH FLOOR, KOLKATA-700 107 -VS.- M/S. BENGAL TECHNO INDUSTRIAL PROJECTS LIMITED, .................RESPONDENT 216, MAHATMA GANDHI ROAD, BURRABAZAR, KOLKATA-700 0 07 [PAN: AADCB 3371 P] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.A. NO.59/KOL/2018 ASSESSMENT YEAR: 2013-2014 ASSISTANT COMMISSIONER OF INCOME TAX,.............. ............................APPELLANT CIRCLE-26(1), KOLKATA, AAYAKAR BHAWAN DAKSHIN, 2, GARIAHAT ROAD (SOUTH) KOLKATA-700 068 -VS.- SHRI TAPAN KUMAR KARMAKAR,.................... .....................RESPONDENT 105, N.S. ROAD, MITRAGUNJ BAZAR, JAYNAGAR, 24-PARGANAS (SOUTH)-743337 [PAN: ALOPK 5385 Q] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT & I.T.(SS)A. NO.2546/KOL/2017 ASSESSMENT YEAR: 2013-2014 PAGE 7 OF 9 INCOME TAX OFFICER,................................ .........................................APPELLANT WARD-6(1), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700 069 -VS.- M/S. DREAM VALLEY VINIMAY PVT. LIMITED,........ ....................RESPONDENT 9/12, LALBAZAR STREET, MERCANTILE BUILDING, ROOM NO. 61, 2 ND FLOOR, KOLKATA-700 001 [PAN: AADCD 0734 G] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT, SR. D.R., FOR THE APPELLANT NONE, FOR THE RESPONDE NT DATE OF CONCLUDING THE HEARING : JULY 31, 2018 DATE OF PRONOUNCING THE ORDER : JULY 31, 2018 O R D E R PER BENCH :- IT IS NOTED AT THE OUTSET THAT THE TAX EFFECT INV OLVED IN EACH OF THESE APPEALS FILED BY THE REVENUE IS LESS THAN THE REVISED MONETARY LI MIT OF RS.20 LACS FIXED BY CBDT FOR FILING THE REVENUES APPEALS BEFORE THE TRIBUNAL VI DE LATEST CIRCULAR NO. 3/2018 DATED 11.07.2018. IT WILL BE PERTINENT TO REPRODUCE THE R ELEVANT PORTION OF THE SAID CIRCULAR NO. 3/2018 DATED 11.07.2018 AS UNDER:- 3 . HENCEFORTH, APPEALS/ SLPS SHALL NOT BE FILED IN CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HEREUNDER: SL. NO. APPEALS/SLPS IN INCOME-TAX MATTERS MONETARY LIMIT (IN RS) 1. BEFORE APPELLATE TRIBUNAL 20,00,000/- 2. BEFORE HIGH COURT 50,00,000/- 3. BEFORE SUPREME COURT 1,00,00,000/- PAGE 8 OF 9 IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED ME RELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMITS PRESCRIBED ABOVE. F ILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 4. FOR THIS PURPOSE, 'TAX EFFECT' MEANS THE DIFFERENC E BETWEEN THE TAX ON THE TOTAL INCOME ASSESSED AND THE TAX THAT WOULD HAVE BEEN CHARGE ABLE HAD SUCH TOTAL INCOME BEEN REDUCED BY THE AMOUNT OF INCOME IN RESPE CT OF THE ISSUES AGAINST WHICH APPEAL IS INTENDED TO BE FILED (HEREINAFTER REFE RRED TO AS 'DISPUTED ISSUES). FURTHER, 'TAX EFFECT' SHALL BE TAX INCLUDING APPLICAB LE SURCHARGE AND CESS. HOWEVER, THE TAX WILL NOT INCLUDE ANY INTEREST THEREON, EXCEPT WHERE CHARGEABILITY OF INTEREST ITSELF IS IN DISPUTE. IN CASE THE CHARGEABILITY OF IN TEREST IS THE ISSUE UNDER DISPUTE, THE AMOUNT OF INTEREST SHALL BE THE TAX EFFECT. IN CASES WHERE RETURNED LOSS IS REDUCED OR ASSESSED AS INCOME, THE TAX EFFECT WOULD INCLUDE NOT IONAL TAX ON DISPUTED ADDITIONS. IN CASE OF PENALTY ORDERS, THE TAX EFFECT WILL MEAN QUANTUM OF PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. 2. ON PERUSAL OF THE CIRCULAR NO. 3/2018 DATED 11.0 7.2018 AND THE MATERIALS AVAILABLE ON RECORD, WE DO NOT SEE THESE CASES FALL ING UNDER ANY OF THE EXCEPTIONS CONTEMPLATED IN THE SAID CIRCULAR PER SE . WE ALSO FIND THAT THIS CIRCULAR MAKES IT VERY CLEAR THAT THE REVISED MONETARY LIMITS SHALL APPLY RETROSPECTIVELY TO PENDING APPEALS AS WELL. H ONBLE APEX COURT IN COMMISSIONER OF CUSTOMS VS IND IAN OIL CORPORATION LTD REPORTED IN 267 ITR 272 (SC) HAS SETTLED THE LAW THAT CBDTS CIRCULARS ARE VERY MUCH BINDING ON REVENUE AUTHORITIES. WE THUS HOLD THAT A LL THESE REVENUES APPEALS DESERVE TO BE DISMISSED IN TERMS OF LOW TAX EFFECT. WE MAKE IT CLEAR THAT IT SHALL BE VERY MUCH OPEN FOR THE REVENUE TO SEEK NECESSARY RECTIFICATIO N IN CASE IT IS FOUND THAT ANY OF THESE APPEALS INVOLVE OPERATIONS OF EXCEPTION CLAUSES IN THE TAX EFFECT CIRCULAR AS PER LAW. 3. AS A RESULT OF DISMISSAL OF REVENUES APPEALS IN TERMS OF LOW TAX EFFECT, HE CORRESPONDING TWO CROSS OBJECTIONS FILED BY THE ASS ESSEE HAVE BECOME INFRUCTUOUS AND THE SAME ARE ACCORDINGLY DISMISSED. 4. IN THE RESULT, ALL THE APPEALS OF THE REVENUE AN D TWO CROSS OBJECTIONS FILED BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON JULY 31, 2018 . SD/- SD/- (S.S. VISWANETHRA RAVI) (P.M . JAGTAP) JUDICIAL MEMBER ACCOUNTANT MEMB ER KOLKATA, THE 31 ST DAY OF JULY, 2018 PAGE 9 OF 9 COPIES TO : (1) KUMUDINI THIRANI; (2) M/S. MRT SIGNALS LIMITED; (3) M/S. PRAKASH PLY EXIM PVT. LIMITED, (4) M/S. ORISSA METALIKS PVT. LIMITED; (5) M/S. RTC FINANCIAL SERVICES PVT. LIMITED, (6) M/S. ANANDALOKE MEDICAL CENTRE PVT. LIMITED; (7) M/S. ZOOM ENTERPRISE LIMITED; (8) M/S. WEST BENGAL HOUSING INFRASTRUCTURE DEV. C ORPORATION LTD. (9) M/S. MAGNUM CLOTHING PVT. LIMITED; (10) MD. RAZZAKUZZAMAN; (11) M/S. RENAULT DEVELOPERS PVT. LIMITED; (12) M/S. BMA COMMODITIES PVT. LIMITED; (13) M/S. BENGAL TECHNO INDUSTRIAL PROJECTRS LIMIT ED, (14) SHRI TAPAN KUMAR KARMAKAR; (15) M/S. DREAM VALLEY VINIMAY PVT. LIMITED; (16) INCOME TAX OFFICER, WARD-29(4)/6(1)/14(2), KO LKATA; (17) ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), KOLKATA; (18) ASSISTANT COMMISSIONER OF INCOME TAX, C.C-3(3) , KOLKATA, (19) DEPUTY COMMISSIONER OF INCOME TAX,CC-4(4)/2(2 ), KOLKATA, (20)ACIT-26(1), KOLKATA, (21) DCIT, CIRCLE-12(1)/10(1)/8(2), KOLKATA (22) ACIT, CIRCLE-42, KOLKATA, (23) JCIT(OSD), CIRCLE-14(2), KOLKATA (24) COMMISSIONER OF INCOME TAX (APPEALS)-2, (25) COMMISSIONER OF INCOME TAX- , (26) THE DEPARTMENTAL REPRESENTATIVE (27) GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY, HEAD OF OFFICE/D.D.O. INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA LAHA/SR. P.S.