M/s. Hindustan Windows Mfg. Co., Kolkata V. DCIT, Circle - 34, , Kolkata

MA 187/KOL/2018

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 9641 (ITAT-KOLKATA)
• Duration Of Justice: 2 month(s) 3 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-12-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 04-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A, KOLKATA [BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT & SHRI A.T. VARKEY, JM] M.A. NO. 187/KOL/2018 (ARISING OUT OF ITA NO. 638/KOL/2015) ASSESSMENT YEAR: 2010-11 M/S. HINDUSTAN WINDOWS MFG. CO............................................................................APPELLANT 11, CLIVE ROW, 3 RD FLOOR, ROOM NO. 1, KOLKATA 700 001. [PAN: AABFH 6473 K] DCIT CIRCLE 34 KOLKATA.......................................RESPONDENT AAYAKAR BHAWAN POORVA, 7 TH FLOOR, 110, SHANTIPALLY, E.M. BYE PASS, KOLKATA 700 107. APPEARANCES BY: SHRI A.K. TIBREWAL, FCA APPEARING ON BEHALF OF THE ASSESSEE. SHRI SANKAR HALDER, ADDL. CIT, SR. DR APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : DECEMBER 07, 2018 DATE OF PRONOUNCING THE ORDER : DECEMBER 07, 2018 ORDER PER P.M. JAGTAP, VICE-PRESIDENT AS POINTED OUT BY THE ASSESSEE IN THE PRESENT MISCELLANEOUS APPLICATION AND FURTHER REITERATED BY THE LD. COUNSEL FOR THE ASSESSEE AT THE TIME OF HEARING, THERE IS A MISTAKE IN PARAGRAPH NO 5 OF THE ORDER OF THE TRIBUNAL DATED 30 TH MAY, 2018 PASSED IN ITA NO. 638/K/2015 IN WRONGLY CALCULATING THE ESTIMATED INCOME OF THE ASSESSEE BY APPLYING NET PROFIT RATE OF 1.75% ON THE TOTAL TURNOVER OF RS. 48,35,40,348/- AT RS. 94,61,950/- IN PLACE OF THE CORRECT FIGURE OF RS. 84,61,950/-. WE ACCORDINGLY RECTIFY THE SAID MISTAKE AND DIRECT THAT THE AMOUNT MENTIONED IN THE LAST LINE OF PARAGRAPH 5 OF THE ORDER OF THE TRIBUNAL BE READ AS 84,61,950/- IN PLACE OF RS. 94,61,950/-. 2 MA NO. 187/KOL/2018 ASSESSMENT YEAR: 2010-11 M/S. HINDUSTAN WINDOWNS MFG. CO. IN THE RESULT, THE MISCELLANEOUS APPLICATION OF THE ASSESSEE IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 7 TH NOVEMBER, 2018. SD/- SD/- (A.T. VARKEY) (P.M. JAGTAP) JUDICIAL MEMBER VICE PRESIDENT DATED: 07/12/2018 BISWAJIT, SR. PS COPY OF ORDER FORWARDED TO: 1. M/S. HINDUSTAN WINDOWS MFG. CO., 11, CLIVE ROW, 3 RD FLOOR, ROOM NO. 1, KOLKATA 700 001. 2. DCIT CIRCLE 34, AAYAKAR BHAWAN POORVA, 7 TH FLOOR, 110, SHANTIPALLY E.M. BYE PASS, KOLKATA 700 001. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR / H.O.O. ITAT, KOLKATA