DCIT, LTU - 2, Kolkata, Kolkata V. M/s. UCO Bank, Kolkata

MA 81/KOL/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 3790 (ITAT-KOLKATA)
• Duration Of Justice: 4 month(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 09-08-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 09-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ROBIN CHUAUDHURY
• Assessee Lawyers: D S DAMLE
• Keywords: Tax effect
• Section: 201; 254(2)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : KOLKATA [BEFORE HONBLE SHRI S.S. GODARA, JM & HONBLE SHRI DR. ARJUN LAL SAINI, AM ] M.A. NO. 81 /KOL/2019 [ ARISING OUT OF I .T.A . NO. 1527/KOL/2017 A.Y : 20 06 - 07 ] DCIT, LTU - 2, KOLKATA V/S. M/S. UCO BANK, KOLKATA PAN: AA AC U 3561B ( APPLICANT/ APPELLANT) (RESPONDENT) FOR THE APPLICANT/APPELLANT : SHRI ROBIN CHOUDHURY, ADD. CIT FOR THE RESPONDENT /DEPARTMENT : SHRI D.S.DAMLE, FCA, LD.AR DATE OF HEARING : 02.08 .201 9 DATE OF PRONOUNCEMENT 09. 08.2019 ORDER SHRI S.S. GODARA, JM : 1. THIS REVENUES MISC. APPLICATION FILED U/S. 254(2) OF THE ACT SEEKS TO RE CALL THE ORDER DATED 30 - 1 1 - 201 8 DISMISSING THE MAIN APPEAL FOR HAVING INVOLVED TAX EFFECT OF RS. 20 LAKHS AS PER CBDTS LATEST CIRCULAR NO. 3/2018 DATED 11.07.2018. 2. WE HAVE HEARD BOTH THE PARTIES. 3. THE REVENUES ONLY CASE DURING THE COURSE OF HEARING IS THAT RELEVANT ASSESSMENT PROCEEDINGS IN THE INSTANT CASE ARE NOT UNDER INCOME TAX ACT , BUT UNDER SECTION 99(2) OF THE FINANCE ACT 2005 (BCTT ACT). THIS CLINCHIN G FACT HAS NOWHERE BEEN DISPUTED BY THE ASSESSEE DURING THE COURSE OF HEARING BEFORE US. THERE IS NO MATERIAL ON RECORD WHICH COULD SUGGEST THAT CBDT C IRCULAR NO. 3/2018 IS APPLICABLE RELEVANT PROCEEDINGS UNDER BCTT ACT . WE THEREFORE RECALL OUR ORDER DT. 30 - 11 - 2018. REGI STRY IS DIRECTED TO FIX THE R EVENUES MAIN APPEAL IN ITA NO. 1527/KOL/2017 A.Y 2006 - 07 FOR FRESH HEARING IN DUE COURSE BY ISSUING NOTICES TO BOTH THE PARTIES. 2 M.A. NO. 81 /KOL/2019 ARISING OUT OF I.T.A. NO. 1527 /KOL/201 7 UCO BANK, KOLKATA 2 4. IN THE RESULT, ASSESSEES M.A NO. 81 /KOL/2019 ( ARISING OUT OF ITA NO. 1 527 /KOL/201 7 A.Y 20 0 6 - 07) IS ALLOWED . ORDER PRONOUNCED IN THE COURT ON 09 - 08 - 2019 SD/ - SD/ - [ ARJUN LAL SAINI] [ S.S.GODARA ] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 09 - 08 - 2019 **PRADIP, SR. PS C OPY OF THE ORDER FORWARDED TO: 1. APP LICANT / REVENUE: DCIT, LTU, 6 TH FL., LARGE TAXPAYERS UNIT, 180 SHANTIPALLY, KOL - 107. 2. RESPONDENT/ ASSESSEE: THE UCO BANK, 10 BTM SARANI, KOLKATA - 1. 3..C.I.T (A) . - 4. C.I.T. - KOLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER ASSISTANT REGISTRAR H.O.O/D.D.O KOLKATA