Maithan Alloys Limited, Kolkata V. DCIT, Circle-VI, Kolkata, Kolkata

MA 12/KOL/2015

• Counselvise Citation: [2015] 124 COUNSELVISE.COM (IT) 3052 (ITAT-KOLKATA)
• Duration Of Justice: 2 month(s) 25 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 15-05-2015
• Appeal Filed By: Assessee
• Bench Allotted: C
• Assessment Year: 2009-2010
• Appeal Filed On: 20-02-2015
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: KOLKATA [BEFORE SHRI P. K. BANSAL, AM & S H RI MAHAVIR SINGH, JM] M. A. NO. 12 /KOL /201 5 IN I.T.A NO. 1 8 7 2 / KOL/20 1 2 ASSESSMENT YEAR: 2009 - 10 M/S. MAITHAN ALLOYS LTD. VS. DEPUTY COMMISSIONER OF INCOME - TAX, (PAN:AABCM7758B) CENTRAL CIRCLE - VI, KOLKATA. DATE OF HEARING : 1 5 .0 5 .201 5 DATE OF PRONOUNCEMENT: 15 .0 5 .201 5 FOR THE A PPLICANT : SHRI S. K. TULSIYAN, FCA FOR THE RESPONDENT: SHRI K. L. KANAK, JCIT, SR. DR ORDER PER MAHAVIR SINGH, JM: BY THIS MISCELLANEOUS APPLICATION, THE ASSESSEE HAS POINTED OUT THAT A MISSTATE HAS CREPT IN THE ORDER OF ITAT IN ITA NO. 1872/KOL/2012 FOR AY 2009 - 10 WHEREIN IN PARA 3 OF TRIBUNAL S ORDER THE ISSUE REGARDING THE REVENUE S APPEAL IS AGAINST THE DELETION OF ADDITION OF RS.45,00,000/ - IN RESPECT TO SUNDRY CREDITORS WHEREAS THE TRIBUNAL HAS RESTORED THE MATTER BACK TO THE FILE OF THE AO IN RESPECT OF LOAN TRANSACTION OF R S.1.98 CR. 2. WE HAVE GONE THROUGH THE TRIBUNAL S ORDER AND NOTICED THAT THERE IS A CLEAR CUT MISTAKE APPARENT FROM RECORD. ACCORDINGLY, IN PARA 5 OF TRIBUNAL S ORDER, WE MAKE AMENDMENT AND THE SAME READS AS UNDER: IN THESE CIRCUMSTANCES, THE ISSUE OF THE LOAN TRANSACTION OF RS.45,00,000/ - IS RESTORED TO THE FILE OF THE ASSESSING OFFICER . 4 . IN THE RESULT, MISC. APPLICATION OF ASSESSEE IS ALLOWED. ORDER IS PRONOUNCED IN THE OPEN COURT . SD/ - SD/ - ( P. K. BANSAL ) (MAHAVIR SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 15 TH MAY , 201 5 JD.(SR.P.S.) COPY OF THE ORDER FORWARDED TO: 1 . APPLICANT : M/S. MAITHAN ALLOYS LTD., 9, A. J. C. BOSE ROAD, IDEAL PLAZA, KOLKATA - 700 020 2 RESPONDENT DCIT, CC - VI, KOLKATA. 3 . THE CIT(A ) , KOLKATA 4. CIT , KOLKATA 5 . DR, KOLKATA BENCHES, KOLKATA TRUE COPY, BY ORDER, ASSTT. REGISTRAR .