M/s. Protex Commercial Pvt. Ltd., Kolkata V. ITO, Ward - 5(2), Kolkata

MA 184/KOL/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 1439 (ITAT-KOLKATA)
• Duration Of Justice: 1 month(s) 15 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 16-11-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: 2009-2010
• Appeal Filed On: 01-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANKAR HALDER
• Assessee Lawyers: S JHAJHARIA
• Keywords: Unexplained cash credit
• Section: 14A; 68

Judgement Text

, D , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D KOLKATA BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND DR. A.L. SAINI, ACCOUNTANT MEMBER (MISC. APPLICATION) M.A.NO.180/KOL/2018 (ARISING OUT ITA NO.2013/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S ANCIENT NIRMAN PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AAHCA 2016 L ] / V/S . ITO WARD-6(2), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) (MISC. APPLICATION) M.A.NO.181/KOL/2018 (ARISING OUT ITA NO.2014/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S SWIFT TRACOM PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AAMCS 0353 B ] / V/S . ITO WARD-5(1), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) (MISC. APPLICATION) M.A.NO.182/KOL/2018 (ARISING OUT ITA NO.2015/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S DEVRAJ SALES PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AADCD 0233 G ] / V/S . ITO WARD-1(2), CENTRE AVENUE BUILDING, RANCHI (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) MA NO180-186/KOL/2017 PAGE 2 (MISC. APPLICATION) M.A.NO.183/KOL/2018 (ARISING OUT ITA NO.2016/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S SIMPLEX COMMOTRADE PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AAMCS 3520 J ] / V/S . ITO WARD-5(1), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) (MISC. APPLICATION) M.A.NO.184/KOL/2018 (ARISING OUT ITA NO.2017/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S PROTEX COMMERCIAL PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AAECP 6929 J ] / V/S . ITO WARD-5(2), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) (MISC. APPLICATION) M.A.NO.185/KOL/2018 (ARISING OUT ITA NO.2018/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S PRABHAKAR VANIJYA PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AAECP 7663 H ] / V/S . ITO WARD-5(2), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) MA NO180-186/KOL/2017 PAGE 3 (MISC. APPLICATION) M.A.NO.186/KOL/2018 (ARISING OUT ITA NO.2019/KOL/2017) / ASSESSMENT YEAR:2009-10 M/S LIFELINE PROJECTS PVT. LTD. SALAPURIA JAJODIA & CO. 7 C.R. AVENUE, 3 RD FLOOR, KOLKATA-72 [ PAN NO.AABCL 5003 C ] / V/S . ITO WARD-6(2), AAYAKAR BHAWAN,P-7, CHOWRINGHEE SQUARE, KOLKATA-69 (ORIGINAL APPELLANT) (ORIGINAL R ESPONDENT) (APPLICANT) .. (RESPONDENT) / BY ASSESSEE SHRI, S. JHAJHARIA, AR / BY REVENUE SHRI SANKAR HALDER ADDL. CIT-DR / DATE OF HEARING 16-11-2018 / DATE OF PRONOUNCEMENT 16-11-2018 / ORDER PER S.S.GODARA, JUDICIAL MEMBER:- THESE SEVEN ASSESSEES HAVE FILED THEIR INSTANT RES PECTIVE MISCELLANEOUS APPLICATION U/S. 254(2) OF THE INCOME TAX ACT, 1961, IN SHORT THE ACT SEEKING TO MODIFY OUR COMMON ORDER DATED 28.09.2018 RESTORING ALL CASES BACK TO THE ASSESSING OFFICER. HEARD BOTH THE LEARNED REPRESENTATIVES. CASE FILE(S ) PERUSED. 2. IT EMERGES AT THE OUTSET THAT THE COMMON ISSUE I N ALL THESE MAIN APPEAL(S) PERTAINS TO CORRECTNESS OF BOTH THE LOWER AUTHORITIES ACTION TREATING THESE ASSESSEES RESPECTIVE SHARE APPLICATION / PREM IUM SUMS TO BE UNEXPLAINED CASH CREDITS U/S 68 OF THE ACT. BOTH TH E PARTIES ARE VERY MUCH IN AGREEMENT THAT OUR ORDER IN QUESTION HAD RESTORED T HE SAME BACK TO THE ASSESSING OFFICER(S). NOW COMES THE ISSUE BETWEEN T HE PARTIES. SOME OF THE ASSESSEES HAD SOUGHT TO DELETE SEC. 14A R.W.S. 8D D ISALLOWANCE. OUR ORDER IN QUESTION OBSERVED THAT THIS LATTER IS ALSO RESTOR ED TO THE CIT(A). THIS IS WHAT HAS GIVEN RISE TO THE ASSESSEES FILING THEIR INSTAN T MISCELLANEOUS APPLICATION(S) SEEKING NECESSARY CLARIFICATION. LEARNED COUNSEL RE PRESENTING ASSESSEES IS MA NO180-186/KOL/2017 PAGE 4 VERY FAIR AT THIS STAGE THAT THE ASSESSEES NO MORE WISH TO PRESS THEIR GRIEVANCE REGARDING CORRECTNESS OF U/S 14A R.W.S.8D DISALLOWANCE. WE ARE OF THE OPINION THAT THESE ASSESSEES INSTANT SUBMISSIO N SETS THE ENTIRE CONTROVERSY AT REST. WE THEREFORE RE-CALL OUR REMAN D DIRECTIONS PERTAINING TO LATTER ISSUE OF SEC. 14A DISALLOWANCE IN ALL THE MA IN APPEAL(S) WHICH ARE TO BE TREATED AS PARTLY ACCEPTED FOR STATISTICAL PURPOSES WHEREVER APPLICABLE. WE FURTHER WISH TO CLARIFY THAT THE SURVIVING ISSUE OF CORRECTNESS OF SEC. 68 UNEXPLAINED CASH CREDITS REGARDING THESE ASSESSEES SHARE APPLICATION / PREMIUM SUMS SHALL NOW BE ADJUDICATED BY THE ASSESS ING OFFICER IN ALL CASES AS PER LAW. 3. THESE ASSESSEES INSTANT SEVEN MISCELLANEOUS APP LICATION ARE ALLOWED IN ABOVE TERMS. ORDER PRONOUNCED IN THE COURT OF THE HEARING ON 16 TH DAY OF FRIDAY , NOVEMBER, 2018 SD/- SD/- ( ) ( ) (DR. A.L. SAINI) (S.S. GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP '- 16/11 /201 8 / COPY OF ORDER FORWARDED TO:- 1. /ASSESSEE -M/S ANCIENTE NIMAAN PVT LTD./M/S SWIFT TRAC OM PVT. LTD./M/S DEVRAJ SALES PVT. LTD. M/S IMPLEX COMMO TRADE PVT. LTD./M/S PROTEX COMMERCIAL PVT.LTD./MS PRABH AKAR VANIJYA PVT LTD./M /S LIFELINE PROJECTS PVT.LTD. SALARPURIA JAJODIA & CO. 7 C.R. AVNUE 3 RD , FLOOR,KOLKATA-700072 2. /REVENUE-ITO WARD-6(2)/ITO WD-5(1)/5(2), AAYAKAR BHA WAN, P-7, CHOWRINGHEE SQ. KOL-69 ITO WARD-1(2), CEN TRE AVENUE BUILDING. RANCHI 3. 2 3 / CONCERNED CIT 4. 3- / CIT (A) 5. 82, 2, KOLKATA / DR, ITAT, KOLKATA 6. / GUARD FILE. BY ORDER/ , /TRUE COPY/ / 2,