The Angus Co. Ltd., Kolkata V. ACIT, CEN. CIR-XXV, KOLKATA, Kolkata

MA 18/KOL/2014

• Counselvise Citation: [2014] 124 COUNSELVISE.COM (IT) 2111 (ITAT-KOLKATA)
• Duration Of Justice: 1 month(s) 8 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 18-07-2014
• Appeal Filed By: Assessee
• Bench Allotted: C
• Next Hearing Date: 18-07-2014
• Assessment Year: 1998-1999
• Appeal Filed On: 09-06-2014
• Court: TRIBUNAL
• Department Lawyers: DAVID Z CHANGTHU ACIT LD
• Assessee Lawyers: K M ROY FCA LD
• Keywords: Application of stay
• Section: 147

Judgement Text

, B IN THE INCOME TAX APPELLATE TRIBUNAL, B BENCH: KOLKATA ( ) , , BEFORE HONBLE SRI MAHAVIR SINGH, JM & HONBLE SRI SHAMIM YAHYA, AM ! / S.P NO. 64/KOL/2014 [ IN ITA NO. 720/KOL/2013 A.Y 2005-06] SANJAY KUMAR SAHA VS. I.T.O W ARD 55(1), KOLKATA PAN:ALSPS 6822M [ /APPLICANT ] [$%'/ RESPONDENT ] /APPLICANT BY : SHRI K.M ROY, FC A, LD.AR $%' / RESPONDENT BY : SHRI DAVID Z. CHANGTHU , ACIT/ LD.SR. DR + , /DATE OF HEARING : 18-07-2014 + , /DATE OF PRONOUNCEMENT: 18-07-2014 /ORDER , SHRI SHAMIM YAHYA, AM BT THIS WAY OF STAY APPLICATION, THE ASSESSEE SEEKS STAY OF OUTSTANDING DEMAND OF RS.6,26,283/- FOR THE ASSESSMENT YEAR 2005-06. 2. WE HAVE HEARD BOTH THE COUNSEL AND PERUSED THE R ECORD. THE ISSUE INVOLVED IN THE MAIN APPEAL PERTAINS TO AN ADDITION OF RS.15,46,700 /- ON ACCOUNT OF UNDISCLOSED INVESTMENT IN PURCHASE OF FLAT, BASED UPON THE REPORT OF THE D EPARTMENTAL VALUER. THE ASSESSEE HAS ALSO CHALLENGED THE ISSUE OF RE-OPENING OF ASSESSMENT U/S. 147 OF THE ACT. 2.1 UPON CAREFUL CONSIDERATION, WE ARE OF THE CONSI DERED OPINION THAT AN ABSOLUTE STAY OF DEMAND CANNOT BE PROVIDED IN THIS CASE. HOWEVER , ON OUT OF TURN EARLY HEARING OF THE APPEAL MAY BE GRANTED. ACCORDINGLY, THE REGISTRY IS DIRECTED TO FIX THE CASE FOR HEARING ON OUT OF TURN BASIS ON 12-08-2014. 3. IN THE RESULT, THE STAY APPLICATION OF THE ASSES SEE IS DISPOSED OFF IN TERMS OF THE ABOVE. ORDER PRONOUNCED IN THE OPEN COURT ON 18-07-2014 SD/- SD/- [ , ] [ , ] [ MAHAVIR SINGH, JUDICIAL MEMBER ] [ SHAMIM YAHYA, ACCOUNTANT MEMBER] , / DATED 18-07-2014 S.P NO. 64/KOL/2014-B-AM SH.SANJAY KUMAR SAHA 2 + $/ 0// COPY OF THE ORDER FORWARDED TO: 1 . /APPLICANT : SHRI SANJAY KUMAR SAHA, 7A, DESHAPRIYA PARK (WEST ), 3 RD FL, KOL-26. 2 $%' / RESPONDENT : I.T.O W 55(1), KOLKATA 3 . / CIT, 4 . ( )/ CIT(A), 5 . $ / DR, KOLKATA BENCHES, KOLKATA **PP/SPS [%/ $/ TRUE COPY] / BY ORDER, /ASSTT REGISTRAR.