Ducan Engineering Ltd (Formerly Known as Schrader Ducan ltd,), Pune V. Assistant Commissioner of Income-tax, 10 (3) , Pune

MA 3/PUN/2022

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 5147 (ITAT-PUNE)
• Duration Of Justice: 5 month(s) 1 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 21-02-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2008-2009
• Appeal Filed On: 19-09-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Rule 8D

Judgement Text

आयकर अपीऱीय अधिकरण “ए” न्यायपीठ प ु णे म ें । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER विविि आिेदन सं. / MA No.03/PUN/2022 (Arising out of ITA No.1499/PUN/2017) ननिाारण िर्ा / Assessment Year : 2008-09 Ducan Engineering Ltd., (Formerly known as Schrader Ducan Ltd.), S. No. 608/609/1, F-33, Ranjangaon MIDC Karegaon, Tal.-Shirur, Distt.-Pune-412209 PAN : AAACS0769H ......अऩीऱाथी / Appellant बनाम / V/s. Assistant Commissioner of Income Tax, Central Circle – 1(1), Pune ......प्रत्यथी / Respondent Assessee by : Shri Suhas Bora Revenue by : Shri S.P. Walimbe स ु नवाई की तारीख / Date of Hearing : 18-02-2022 घोषणा की तारीख / Date of Pronouncement : 22-02-2022 आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : By this Miscellaneous Application the assessee seeks to rectify the mistake apparent in the order dated 17-09-2021 passed by this Tribunal in ITA No. 1499/PUN/2017 for A.Y. 2008-09. 2 MA No. 03/PUN/2022, A.Y. 2008-09 2. The ld. AR submits that this Tribunal deleted the addition in respect of Rule 8D(2)(ii) and sustained the addition confirmed by the CIT(A) in respect of Rule 8D(2)(iii) to an extent of Rs.5,53,984/-. This Tribunal by mistake mentioned the said figure as Rs.7,17,572/- in Para No. 5 of the said order and prayed to rectify the same. The ld. DR did not dispute the same. We note that the CIT(A) in his order at Page No. 14 vide Para No. 5.3.5 sustained the disallowance made on account of Rule 8D(2)(ii) and (iii) to an extent of Rs.17,23,535/-. The assessee challenged both the disallowance before this Tribunal. The Tribunal discussed the issue in Para No. 5 and deleted the disallowance made under Rule 8D(2)(ii) and sustained the disallowance under Rule 8D(2)(iii) to an extent of Rs.5,53,984/- being 0.5% of average investments but however a mistake inadvertently crept in mentioning the said figure as Rs.7,17,572/- instead of Rs.5,53,984/-. Therefore, it is a mistake apparent on record which requires rectification. Thus, an amount of figure Rs.5,53,984/- in respect of disallowance under Rule 8D(2)(iii) may be read in place of Rs.7,17,572/- wherever it occurs in the order dated 17-09-2021 in ITA No. 1499/PUN/2017 for A.Y. 2008-09 here-in-after. Accordingly, the mistake is rectified as indicated above. 3. In the result, the Miscellaneous Application filed by the assessee is allowed. Order pronounced in the open court on 22 nd February, 2022. Sd/- Sd/- (R.S. Syal) (S.S. Viswanethra Ravi) VICE PRESIDENT JUDICIAL MEMBER ऩ ु णे / Pune; ददनाांक / Dated : 22 nd February, 2022. रवि 3 MA No. 03/PUN/2022, A.Y. 2008-09 आदेश की प्रनिलऱवप अग्रेवर्ि / Copy of the Order forwarded to : 1. अऩीऱाथी / The Appellant. 2. प्रत्यथी / The Respondent. 3. The CIT(A)-4, Pune 4. The Pr. CIT-3, Pune 5. ववभागीय प्रतततनधध, आयकर अऩीऱीय अधधकरण, “ए” बेंच, ऩ ु णे / DR, ITAT, “A” Bench, Pune. 6. गार्ड फ़ाइऱ / Guard File. //सत्यावऩत प्रतत// True Copy// आदेशान ु सार / BY ORDER, िररष्ठ विजी सविि / Sr. Private Secretary आयकर अपीलीय अविकरण ,पुणे / ITAT, Pune