Recon Valves Co., Kolkata V. DCIT, Circle - 50, Kolkata, Kolkata

MA 79/KOL/2011

• Counselvise Citation: [2012] 123 COUNSELVISE.COM (IT) 7557 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s) 23 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 06-01-2012
• Appeal Filed By: Assessee
• Bench Allotted: A
• Assessment Year: 2000-2001
• Appeal Filed On: 13-09-2011
• Court: TRIBUNAL
• Department Lawyers: A K PRAMANIK
• Assessee Lawyers: S BAGCHI

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL, BEN CH A, KOLKATA () BEFORE , , , , , SHRI MAHAVIR SINGH, JUDICIAL MEMBER. /AND . .. . ! ! ! !. .. . , '# SHRI C.D.RAO, ACCOUNTANT MEMBER $ $ $ $ / M.A.NO.79/KOL/2011 A/O ITA NO . 1450/KOL/2010 %& '(/ ASSESSMENT YEAR : 2000-01 (*+ / APPELLANT ) RECON VALVES CO. KOLKATA (PAN: AAEFR 2520 C) - % - - VERSUS - . (-.*+/ RESPONDENT ) DCIT, CIRCLE-50, KOLKATA *+ / 0 '/ FOR THE APPELLANT: SHRI S.BAGCHI -.*+ / 0 '/ FOR THE RESPONDENT: SHRI A.K.PRAMANIK 1%2 / !# /DATE OF HEARING : 06.01.2012 3' / !# /DATE OF PRONOUNCEMENT : 06.01.2012. '4 / ORDER ( (( ( . .. . ! ! ! !. .. . ) )) ), , , , '# PER SHRI C.D.RAO, AM THE ABOVE MISCELLANEOUS APPLICATION HAS BEEN FILED BY THE ASSESSEE TO RECTIFY THE ORDER OF THE TRIBUNAL DATED 21.07.2011 VIDE ITA NO.1450/KOL/2010. 2. IN THIS MISCELLANEOUS APPLICATION THE ASSESSEE WANTS TO RECTIFY THE ORDERS OF THE TRIBUNAL BY PRAYING THAT WHILE DISPOSING OF ASSESSE ES APPEAL THE HONBLE TRIBUNAL HAS SET ASIDE ONLY THE LEGAL ISSUE TO THE FILE OF A .O. WITHOUT GIVING ANY DIRECTION ON MERITS ON THE ISSUE. THEREFORE HE REQUESTED TO GIVE THE DIRECTION TO AO TO DECIDE THE ISSUE EVEN ON MERITS ALSO. 2 3. AT THE TIME OF HEARING BEFORE US THE LD. COUNSE L APPEARING ON BEHALF OF ASSESSEE REITERATED THE SUBMISSIONS MADE IN THE MISCELLANEOU S APPLICATION. 4 ON THE OTHER HAND, THE LD. DR APPEARING ON BEHALF OF THE REVENUE COULD NOT OBJECT TO THE SAID REQUEST OF THE LD. COUNSEL FOR A SSESSEE. 5 .AFTER HEARING THE RIVAL SUBMISSIONS AND ON CARE FUL PERUSAL OF MATERIAL AVAILABLE ON RECORD, WE CONSIDER FIT TO REPRODUCE PARA NO.5.4 OF THE TRIBUNALS ORDER WHICH IS AS UNDER :- 5.4. KEEPING IN VIEW OF THE ABOVE OBSERVATIONS O F THE HONBLE APEX COURT AND THE PRESENT FACTS OF THE CASE, WE ARE OF THE OP INION THAT THE RE-ASSESSMENT PROCEEDINGS ARE NOT IN ACCORDANCE WITH LAW. THEREFO RE WE SET ASIDE THE ORDERS OF THE REVENUE AUTHORITIES AND REMIT BACK TO THE FI LE OF THE AO, AS THE ASSESSEE HAS NOT CALLED FOR THE REASONS RECORDED AT THE TIME OF RE-ASSESSMENT, TO DO THE RE-ASSESSMENT IN THE LIGHT OF THE OBSERVATIONS MADE BY THE HONBEL APEX COURT. WE ORDER ACCORDINGLY. 5.1. AFTER ADJUDICATION OF THE LEGAL ISSUE WE DIRE CT THE AO TO DECIDE THE ISSUE RAISED BY ASSESSEE ON MERITS ALSO, IF REQUIRED. IN THE RE SULT THIS ORDER MAY BE TREATED AS PART AND PARCEL OF ORDER OF THE TRIBUNAL DATED 21.07.201 1. 6. IN THE RESULT THE MISCELLANEOUS APPLICATION OF T HE ASSESSEE IS ALLOWED ORDER PRONOUNCED IN THE OPEN COURT ON 06.01.2012. , , , , MAHAVIR SINGH, JUDICIAL MEMBER . .. . ! ! ! !. .. . , , , , '# '# '# '# , C.D.RAO, ACCOUNTANT MEMBER. ( (( (!# !# !# !#) )) ) DATE: 06.01.2012. R.G.(.P.S.) 3 '4 / -5 6'5'7- COPY OF THE ORDER FORWARDED TO: 1. RECON VALVES CO., 98, M.M.GHOSH ROAD, DUM DUM, KOLK ATA-700074. 2 D.C.I.T., CIRCLE-50, KOLKATA 3. THE CIT-XVII, KOLKATA, 4. THE CIT(A)-XXXII, KOLKATA 5. DR, KOLKATA BENCHES, KOLKATA .5 -/ TRUE COPY, '4%1/ BY ORDER, DEPUTY /ASST. REGISTRAR , ITAT, KOLKATA BENCHES