Jawahar Shetkari SSK Ltd, Kolhapur V. Assistant Commissioner of Income Tax, Ichalkaranji

MA 165/PUN/2022

AI Insights

The case involves Jawahar Shetkari S.S.K. Ltd., a cooperative sugar mill, which filed four Miscellaneous Applications (MAs) seeking to rectify a mistake in a previous tribunal order concerning disallowances out of cane purchases for the assessment years 2010-11 to 2013-14. The applications were filed in light of a tribunal order dated 20-11-2019. However, subsequent legislative changes in the Finance Bill 2023, specifically the introduction of sub-section (19) in section 155, provided a new mechanism for the assessee to resolve these disallowances with the Assessing Officer. Consequently, the assessee decided to withdraw the MAs, a decision supported by the Revenue.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 132989 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 1 month(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 19-02-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 16-02-2023
• Assessment Year: 2010-2011
• Appeal Filed On: 19-01-2020
• Laws Referred To: Finance Bill 2023, CBDT's Circular No. 18 dated 15-10-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Set aside

Judgement Text

आयकर अपीलीय अधिकरण “बी” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER विविध आिेदन सं. / MA Nos. 165 to 168/PUN/2022 (Arising out of ITA Nos. 823 to 826/PUN/2017) वनधधारण िर्ा / Assessment Years : 2010-11 to 2013-14 Jawahar Shetkari S.S.K. Ltd., Shri Kallappanna Awadenagar, Hupari-Yalgud, Tal.-Hatkanangale, Dist.-Kolhapur-416203 PAN : AAAAJ0571C .......अपीलार्थी / Appellant बनाम / V/s. ACIT, Circle, Ichalkaranji ......प्रत्यर्थी / Respondent Assessee by : Smt. Shubhada Koppa Revenue by : Shri Ramnath P. Murkunde सुनवाई की तारीख / Date of Hearing : 17-02-2023 घोषणा की तारीख / Date of Pronouncement : 20-02-2023 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : By these four Miscellaneous Applications the assessee seeks to rectify the mistake passed by this Tribunal in ITA Nos. 823 to 826/PUN/2017 for assessment years 2010-11 to 2013-14 vide order dated 20-11-2019. 2. The ld. AR of the assessee filed an application seeking permission to withdraw the present Miscellaneous Applications. The relevant extract of the applications reads as under : 2 MA Nos. 165 to 168/PUN/2022, A.Ys. 2010-11 to 2013-14 “All the above Miscellaneous Applications deal with the issue of disallowance out of cane purchases by the co-op sugar mill. Pursuant to filing the said MAs, the Finance Bill 2023 proposes to introduce sub-section (19) in section 155 which read with CBDT’s Circular No. 18 dated 15-10- 2021 would enable the said co-op sugar mill to file applications with its respective Assessing Officer along with the Govt. proved orders to get the said disallowances deleted to the extent of price so approved. As such the matter would stand covered by the aforesaid legislation and as such no purpose is served by prolonging litigation. We therefore, seek to withdraw the MAs with leave to produce the respective documents before the respective Ld. AO. We also pray leave to make such submissions on facts as are germane to the issue already set aside b the Hon’ble Tribunal to file of the AO.” 3. Shri Ramnath P. Murkunde, the ld. DR reported no objection in case the assessee wishes to withdraw the present Miscellaneous Applications. 4. In view of the request made by the assessee all the Miscellaneous Applications are dismissed as withdrawn. Order pronounced in the open court on 20 th February, 2023. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; ददनाांक / Dated : 20 th February, 2023. रधव आदेश की प्रधतधलधप अग्रेधषत / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-1, Kolhapur 4. The Pr. CIT-2, Kolhapur 5. धवभागीय प्रधतधनधि, आयकर अपीलीय अधिकरण, “बी” बेंच, पुणे / DR, ITAT, “B” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्याधपत प्रधत// True Copy// आदेशानुसार / BY ORDER, वररष्ठ धनजी सधचव / Sr. Private Secretary आयकर अपीलीय अधिकरण ,पुणे / ITAT, Pune