ITO, Ward - 40(2), Kolkata V. M/s. Sribhumi Publishing Co., Kolkata

MA 223/KOL/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 0017 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s) 10 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 15-03-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2007-2008
• Appeal Filed On: 05-12-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Audit objection; Tax effect

Judgement Text

1 MA NO.223/KOL/2018 M/S. SRIBHUMI P UBLISHING CO, AY- 2007-08 , 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.223/KOL/2018 IN I.T.A. NO. 792/KOL/2015 ASSESSMENT YEAR: 2007-08 INCOME-TAX OFFICER, WD-40(2), KOLKATA VS. M/S. SRIB HUMI PUBLISHING CO. (PAN: AAMFS6690N) APPLICANT RESPONDENT DATE OF HEARING 15.03.2019 DATE OF PRONOUNCEMENT 15.03.2019 FOR THE APPLICANT SHRI ROBIN CHOUDHURY, ADDL. CIT, SR. DR FOR THE RESPONDENT N O N E ORDER PER SHRI A.T.VARKEY, JM VIDE THIS MISC. APPLICATION THE REVENUE HAS SOUGHT FOR RECALLING THE ORDER PASSED BY THE TRIBUNAL DATED 31.07.2018 IN ITA NO. 792/KOL/20 15 FOR AY 2007-08. 2. AT THE OUTSET ITSELF, THE LD. DR SUBMITTED TH AT VIDE ORDER DATED 31.07.2018, THE TRIBUNAL DISMISSED THE APPEAL OF THE REVENUE IN ITA NO. 792/KOL/2015 FOR AY 2007-08 IN TERMS OF LOW TAX EFFECT. ACCORDING TO LD. DR, THE INSTANT CASE FALLS UNDER THE EXCEPTION OF AUDIT OBJECTION IN TERMS OF CLAUSE (C) OF PARA 8 OF THE CIRCULAR ISSUED BY THE CBDT. IN SUPPORT OF ITS CLAIM, THE LD. DR HAS PROVIDED THE C OPY OF THE AUDIT OBJECTION WHICH IS PLACED ON RECORD. SO, HE URGED BEFORE THE BENCH TO RECALL THE TRIBUNALS ORDER PASSED ON 31.07.2018 BEING DISMISSED AS LOW TAX EFFECT. 2 MA NO.223/KOL/2018 M/S. SRIBHUMI P UBLISHING CO, AY- 2007-08 3. FROM THE ABOVE, WE FIND THAT THE INSTANT CASE FA LLS UNDER THE EXCEPTION AS PROVIDED IN CLAUSE (C) OF THE CBDT CIRCULAR. THEREFORE, THE M ONETARY LIMIT AS SPECIFIED FOR FILING THE APPEAL BY THE REVENUE IN PRESENT CASE DOES NOT APPL Y. HENCE, WE RECALL THE IMPUGNED ORDER PASSED BY THIS TRIBUNAL DATED 31.07.2018 AND THE REGISTRY IS DIRECTED TO FIX THE APPEAL IN DUE COURSE UPON ISSUING NOTICE TO BOTH THE PARTI ES. 4. IN THE RESULT, MISC. APPLICATION OF REVENUE IS A LLOWED. 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.) COPY OF THE ORDER FORWARDED TO: 1. APPELLANT ITO, WARD-40(2), KOLKATA 2 RESPONDENT M/S. SRIBHUMI PUBLISHING CO., 79, M AHATMA GANDHI ROAD, KOLKATA-700 009 3. 4. CIT(A)-12, KOLKATA. (SENT THROUGH E-MAIL) CIT- , KOLKATA. 5. DR, ITAT, KOLKATA. (SENT THROUGH E-MAIL) / TRUE COPY, BY ORDER, SR. PVT. SECRETARY