M/s. Bhutnath Infrastructure Pvt. Ltd., , Kolkata V. ITO, Ward - 5(3), Kolkata, Kolkata

MA 123/KOL/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 2757 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s) 24 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 02-11-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2012-2013
• Appeal Filed On: 09-07-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: C J SINGH
• Assessee Lawyers: S M SURANA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH : KOLKATA [BEFORE HONBLE SHRI S.S. GODARA, JM & SHRI M.BAL AGANESH, AM ] M.A. NO. 123/KOL/2018 (ARISING OUT OF I.T.A NO. 1343/KOL/2017 ) ASSESSMENT YEAR : 2012-1 3 M/S BHUTNATH INFRASTRUCTURE PVT. LTD. -VS- ITO, WARD-5(3), KOLKATA [PAN: AADCB 4544 N] (APPELLANT) (RESPOND ENT) I.T.A NO. 1343/KOL/2017 ASSESSMENT YEAR : 2012-1 3 M/S BHUTNATH INFRASTRUCTURE PVT. LTD. -VS- ITO, WARD-5(3), KOLKATA [PAN: AADCB 4544 N] (APPELLANT) (RESPOND ENT) FOR THE APPELLANT : SHRI S.M. SU RANA, ADVOCATE FOR THE RESPONDENT : SHRI C.J. SINGH, SR . DR DATE OF HEARING : 02.11.2018 DATE OF PRONOUNCEMENT : 02.11.2018 ORDER PER M. BALAGANESH, AM BY VIRTUE OF THIS MISCELLANEOUS APPLICATION, THE AS SESSEE SEEKS TO RECALL THE EX PARTE DISMISSAL ORDER PASSED BY THIS TRIBUNAL IN I. T.A. NO. 1343/KOL/2017 FOR ASSESSMENT YEAR 2012-13 DATED 20.06.2018. AT THE TI ME OF HEARING OF THIS MISCELLANEOUS APPLICATION, THE LD. AR ADDUCED PROPE R REASONS FOR HIS ABSENCE ON THE 2 MA NO.123/KOL/2018 (ARISING OUT OF I.T.A. NO.1343/KOL/2017) I.T.A. NO. 1343/KOL/2017 M/S BHUTNATH INFRASTRUCTURE (P) LTD. A.YR. 2012-13 2 SCHEDULED DATE OF HEARING ON 11.06.2018. WITH THE C ONSENT OF BOTH THE PARTIES PRESENT BEFORE US WE DECIDE TO HEAR THE MAIN APPEAL ALONG WITH THIS MISCELLANEOUS APPLICATION. WE FIND THAT THE ONLY EFFECTIVE ISSUE TO BE DECIDED IN THE GROUNDS RAISED BY THE ASSESSEE WAS THAT THE LD. CIT(A) ERRED IN PA SSING AN EX PARTE ORDER DISMISSING THE APPEAL OF THE ASSESSEE CONFIRMING THE ADDITION IN THE SUM OF RS. 1,26,00,000/- MADE TOWARDS SHARE CAPITAL AND SHARE PREMIUM. SINCE IT WAS AN EX PARTE ORDER PASSED BY LD. CIT(A), BOTH THE PARTIES AGREED FOR REMANDIN G THE APPEAL TO THE FILE FOR FRESH ADJUDICATION. ACCORDINGLY, WE DEEM IT FIT AND APPRO PRIATE IN THE INTEREST OF JUSTICE AND FAIR PLAY TO REMAND THIS MAIN APPEAL TO THE FIL E OF THE LD. CIT(A) FOR DE NOVO ADJUDICATION ON MERITS OF THE ADDITION AND DECIDE T HE SAME AFRESH IN ACCORDANCE WITH LAW UNINFLUENCED BY EARLIER DECISION TAKEN IN THIS REGARD. ACCORDINGLY, GROUNDS RAISED BY THE ASSESSEE ARE ALLOWED FOR STATISTICAL PURPOSES. 2. IN THE RESULT, THE MISCELLANEOUS APPLICATION OF THE ASSESSEE IS ALLOWED AND THE APPEAL OF THE ASSESSEE IS ALLOWED FOR STATISTICAL P URPOSES. ORDER PRONOUNCED IN THE COURT ON 02.11.2018 SD/- SD/- [S.S. GODARA] [ M . BALAGANESH ] JUDICIAL MEMBER ACCO UNTANT MEMBER DATED : 02.11.2018 SB, SR. PS 3 MA NO.123/KOL/2018 (ARISING OUT OF I.T.A. NO.1343/KOL/2017) I.T.A. NO. 1343/KOL/2017 M/S BHUTNATH INFRASTRUCTURE (P) LTD. A.YR. 2012-13 3 COPY OF THE ORDER FORWARDED TO: 1. BHUTNATH INFRASTRUCTURE (P) LTD., 1 ST FLOOR, BACKGATE, 18, NETAJI SUBHASH ROAD, KOLKATA-700001. 2. ITO, WARD-5(3), KOLKATA, P-7, CHOWRINGHEE SQUARE , AAYAKAR BHAWAN, KOLKATA- 700069. 3..C.I.T(A).- 4. C.I.T.- KOLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER ASSISTANT REGISTRAR ITAT, KOLKATA BENCHES