M/s Shlok Fashions Pvt. Limited, Kolkata V. ITO, Wd-10(2), Kolkata, Kolkata

MA 16/KOL/2019

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 0021 (ITAT-KOLKATA)
• Duration Of Justice: 1 month(s) 17 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 15-03-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 28-01-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Sale consideration of property below Jantri Value

Judgement Text

1 MA NO.16/KOL/2019 M/S. SHLOK FASH IONS PVT. LTD,, AY- 2012-13 , C , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: KOL KATA ( ) . . , . ' # $% % , '( ) [BEFORE SHRI A. T. VARKEY, JM & DR. A. L. SAINI, A M] M.A. NO.16/KOL/2019 IN I.T.A. NO. 695/KOL/2017 ASSESSMENT YEAR: 2012-13 SHLOK FASHIONS PVT. LTD. (PAN: AAQCS5127H) VS. INCOME-TAX OFFICER, WD-10(2), KOLKATA APPLICANT RESPONDENT DATE OF HEARING 15.03.2019 DATE OF PRONOUNCEMENT 15.03.2019 FOR THE APPLICANT SHRI ANIL KOCHAR, AR FOR THE RESPONDENT SHRI ROBIN CHOUDHURY, ADDL. CIT, SR. DR ORDER PER SHRI A.T.VARKEY, JM VIDE THIS MISC. APPLICATION THE ASSESSEE HAS SOUGHT FOR RECTIFICATION OF THE ORDER PASSED BY THE TRIBUNAL DATED 07.12.2018 PASSED IN I TA NO. 695/KOL/2017 FOR AY 2012-13. 2. AT THE OUTSET ITSELF, THE LD. AR FOR THE ASSE SSEE PRAYED BEFORE US TO RECTIFY THE APPARENT MISTAKE HAS CREPT IN THE ORDER OF THE TRIB UNAL DATED 07.12.2018 IN RESPECT OF AMOUNT OF SHARE PREMIUM WHICH OUGHT TO HAVE BEEN NO TED RS.5,72,12,500/- AS AGAINST RS.2,70,45,800/-. AFTER PERUSING THE ORDER OF THE TRIBUNAL, WE FIND THAT THERE IS A MISTAKE APPARENT IN THE SAID ORDER OF THE TRIBUNAL IN PARA 2 AND 3. THE CORRECT AMOUNT SHOULD BE READ AS RS.5,72,12,500/- INSTEAD OF RS.2,70,45,800/ -. WE ORDER ACCORDINGLY. 3. IN THE RESULT, MISC. APPLICATION OF ASSESSEE IS ALLOWED. ORDER IS PRONOUNCED IN THE OPEN COURT. SD/- SD/- (DR. A. L. SAINI) (ABY. T. VARKEY) ACCOUNTANT MEMBER JUDICIALMEMBER DATED : 15TH MARCH, 2019 JD.(SR.P.S.) 2 MA NO.16/KOL/2019 M/S. SHLOK FASH IONS PVT. LTD,, AY- 2012-13 COPY OF THE ORDER FORWARDED TO: 1. APPELLANT M/S. SHLOK FASHIONS PVT. LTD. 50C, H ARISH MUKHERJEE ROAD, OPP. FREE INDIA GARAGE, BHOWANIPUR, KOLKATA-700 025 . 2 RESPONDENT ITO, WARD-10(2), KOLKATA. 3. 4. CIT(A)-4, KOLKATA. (SENT THROUGH E-MAIL) CIT- , KOLKATA. 5. DR, ITAT, KOLKATA. (SENT THROUGH E-MAIL) / TRUE COPY, BY ORDER, ASSISTANT REGISTRAR