DCIT, Circle - 50, Kolkata, Kolkata V. Smt. Madhu Chhanda Sirkar, Kolkata

MA 47/KOL/2019

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 9952 (ITAT-KOLKATA)
• Duration Of Justice: 1 month(s) 1 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 01-04-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2007-2008
• Appeal Filed On: 28-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C J SINGH
• Keywords: Set aside

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA B BENCH, KOLKATA (BEFORE SRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER & SRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER) M.A. NO. 47/KOL/2019 A/O ITA NO. 1704/KOL/2011 ASSESSMENT YEAR: 2007-08 DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-50, KOLKATA........................................APPELLANT VS. SMT. MADHU CHHANDA SIRKAR..............................................RESPONDENT A-336 SALT LAKE CITY SECTOR-I KOLKATA 700 064 [PAN : ALGPS 1529 K] APPEARANCES BY: SHRI SOUMITRA CHOUDHURY, A/R, APPEARED ON BEHALF OF THE ASSESSEE. SHRI C.J. SINGH, JCIT SR. D/R. APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : MARCH 29 TH , 2019 DATE OF PRONOUNCING THE ORDER : APRIL 1 ST , 2019 ORDER PER J. SUDHAKAR REDDY, AM :- BY THIS MISCELLANEOUS APPLICATION, THE REVENUE CONTENDS THAT A MISTAKE APPARENT ON RECORD HAS CREPT INTO THE ORDER OF THE TRIBUNAL DT. 26/09/2018. 2. AFTER HEARING RIVAL CONTENTIONS, WE FIND THAT AN ERROR HAS CREPT INTO THE ORDER OF THE TRIBUNAL WHICH REQUIRES RECTIFICATION. PARA 17 OF THE ORDER OF THE TRIBUNAL SHALL HENCEFORTH BE READ AS FOLLOWS:- 17. RESPECTFULLY RELYING UPON THESE JUDGMENTS, WE OBSERVE THAT ONLY THE GROSS PROFIT CAN BE ADDED TO THE INCOME OF THE ASSESSEE AND NOT THE ENTIRE UNDISCLOSED STOCK. IN OUR OPINION, REASONABLE GROSS PROFIT RATE WILL BE 10% FOR COMPUTING THE PROFIT OF THE ASSESSEE. HENCE WE SET ASIDE THIS ISSUE TO THE FILE OF THE ASSESSING OFFICER FOR FRESH COMPUTATION OF THE ADDITION. IN THE RESULT THIS GROUND OF THE ASSESSEE IS ALLOWED FOR STATISTICAL PURPOSES. 2. IN VIEW OF THE ABOVE DISCUSSION, WE ALLOW THIS MISCELLANEOUS APPLICATION OF THE REVENUE. KOLKATA, THE 1 ST DAY OF APRIL, 2019. SD/- SD/- [ S.S. VISWANETHRA RAVI ] [ J. SUDHAKAR REDDY ] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 01.04.2019 {SC SPS} 2 M.A. NO. 47/KOL/2019 A/O ITA NO. 1704/KOL/2011 ASSESSMENT YEAR: 2007-08 SMT. MADHU CHHANDA SIRKAR COPY OF THE ORDER FORWARDED TO: 1. SMT. MADHU CHHANDA SIRKAR A-336 SALT LAKE CITY SECTOR-I KOLKATA 700 064 2. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-50, KOLKATA 3. CIT(A)- 4. CIT- , 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER ASSISTANT REGISTRAR ITAT, KOLKATA BENCHES 3 M.A. NO. 47/KOL/2019 A/O ITA NO. 1704/KOL/2011 ASSESSMENT YEAR: 2007-08 SMT. MADHU CHHANDA SIRKAR