Indrayani Ferrocast Private Limited, Pune, Pune V. Assistant Commissioner of Income Tax, Circle-11, Pune, Pune

MA 235/PUN/2023

• Counselvise Citation: [2024] 130 COUNSELVISE.COM (IT) 1395 (ITAT-PUNE)
• Duration Of Justice: 6 month(s) 9 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 04-03-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 29-02-2024
• Assessment Year: 2011-2012
• Appeal Filed On: 24-08-2023
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SOURABH NAYAK
• Assessee Lawyers: GOPAL R. ASWANI
• Section: 154; 143(1); 72

Judgement Text

आयकर अपीलीय अधिकरण “ए” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER धिधिि आिेदन सं. / MA No.235/PUN/2023 (Arising out of ITA No.501/PUN/2022) धनिाारण िर्ा / Assessment Year : 2011-12 Indrayani Forrocast Private Limited, Gat No. 225, Dhanore, Alandi Markal Road, Village Dhanore, Taluka-Khed, Pune – 412105 PAN : AAACI8271N .......अपीलार्थी / Appellant बनाम / V/s. Assistant Commissioner of Income Tax, Circle – 11, Pune ......प्रत्यर्थी / Respondent Assessee by : Shri Gopal R. Aswani Revenue by : Shri Sourabh Nayak सुनवाई की तारीख / Date of Hearing : 01-03-2024 घोषणा की तारीख / Date of Pronouncement : 05-03-2024 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : By this Miscellaneous Application the assessee intends to recall the order dated 28-02-2023 passed by this Tribunal in ITA No. 501/PUN/2022 for assessment year 2011-12. 2. At the outset, we note that this Tribunal confirmed the order of CIT(A) in holding MAT credit including surcharge and education cess can be allowed if the claim made in the return of income. Admittedly, the said claim of MAT credit was not claimed in the return of income which was 2 MA No. 235/PUN/2023, A.Y. 2011-12 claimed through an application filed u/s. 154 of the Act, the said claim was rejected u/s. 143(1) of the Act. An appeal was filed before the CIT(A), which was dismissed by the CIT(A) by holding those claims which were not part of return of income cannot be allowed while processing the return of income u/s. 143(1) of the Act. Against which the assessee preferred an appeal before the Tribunal, the Tribunal placing reliance in the case of Srei Infrastructure Finance Ltd. reported in 72 taxmann.com 239 (Cal.) dismissed the appeal of assessee and upheld the order of CIT(A). Now, the ld. AR contends that this Tribunal did not take into consideration the adjournment application and dismissed the appeal ex-parte. On perusal of the order dated 28-02-2023, we note that the appeal of assessee was dismissed by rejecting adjournment application on its satisfaction that the issue is covered by the decision of Hon’ble High Court of Calcutta in the case of Srei Infrastructure Finance Ltd. (supra). The assessee could not show the mistake apparent on record to rectify the same by this Miscellaneous Application. Therefore, there is no mistake apparent in the order dated 28-02-2023 passed by this Tribunal in ITA No. 501/PUN/2022 for A.Y. 2011-12. Thus, the Miscellaneous Application filed by the assessee is dismissed. 3. In the result, the Miscellaneous Application filed by the assessee is dismissed. Order pronounced in the open court on 05 th March, 2024. Sd/- Sd/- (Inturi Rama Rao) (S.S. Viswanethra Ravi) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 05 th March, 2024. रदव 3 MA No. 235/PUN/2023, A.Y. 2011-12 आदेश की प्रधिधलधप अग्रेधर्ि / Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The CIT(A)-11, Pune. 4. The Pr. CIT (Central), Pune. 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, “ए” बेंच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गार्ड फ़ाइल / Guard File. //सत्यादपत प्रदत// True Copy// आिेशानुसार / BY ORDER, वररष्ठ दनजी सदचव / Sr. Private Secretary आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune