Sailesh Daulat , Kolkata V. ITO, Ward - 36(3), Kolkata , Kolkata

MA 89/KOL/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 8385 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 12-07-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 12-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANKAR HALDER

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH SMC, KOLKATA [BEFORE SHRI J. SUDHAKAR REDDY, HONBLE AM] M.A. NO. 89/KOL/2019 (A/O. ITA NO. 1125/KOL/2018) ASSESSMENT YEAR: 2014-15 SAILESH DAULAT...........................................................................................APPELLANT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 [PAN: AFEPD 6892 A] VS. INCOME TAX OFFICER, WARD-36(3), KOLKATA.........................................RESPONDENT M.A. NO. 90/KOL/2019 (A/O. ITA NO. 1126/KOL/2018) ASSESSMENT YEAR: 2014-15 HARISH DAULAT...........................................................................................APPELLANT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 [PAN: ACQPD 9233 Q] VS. INCOME TAX OFFICER, WARD-34(3), KOLKATA.........................................RESPONDENT M.A. NO. 91/KOL/2019 (A/O. ITA NO. 1127/KOL/2018) ASSESSMENT YEAR: 2014-15 SMT. SHILPA DAULAT..........................................................................................................APPELLANT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 [PAN: ACSPD 8428 R] VS. INCOME TAX OFFICER, WARD-36(2), KOLKATA.........................................RESPONDENT M.A. NO. 92/KOL/2019 (A/O. ITA NO. 1128/KOL/2018) ASSESSMENT YEAR: 2014-15 BIPIN KUMAR DEVJI..........................................................................................................APPELLANT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 [PAN: ADUPD 6237 D] VS. INCOME TAX OFFICER, WARD-34(1), KOLKATA.........................................RESPONDENT APPEARANCES BY: SHRI SOUMITRA CHOUDHURY, ADVOCATE APPEARED ON BEHALF OF THE ASSESSEE. SHRI SANKAR HALDER, JCIT SR. D/R, APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : JUNE 21 ST , 2019 DATE OF PRONOUNCING THE ORDER : JULY 12 TH , 2019 2 M.A. NO. 89/KOL/2019 SAILESH DAULAT M.A. NO. 90/KOL/2019 HARISH DAULAT M.A. NO. 91/KOL/2019 SMT. SHILPA DAULAT M.A. NO. 92/KOL/2019 BIPIN KUMAR DEVJI ORDER PER J. SUDHAKAR REDDY, AM:- BY THESE MISCELLANEOUS APPLICATIONS, THE ASSESSEE STATES THAT A TYPOGRAPHICAL MISTAKE APPARENT ON RECORD HAS CREPT INTO THE COMBINED ORDER OF THIS TRIBUNAL DT. 24/10/2018, WHEREIN AT PAGE-2, PARA 2., FIFTH LINE OF THE ORDER, THE NAME OF THE SCRIP HAS BEEN WRONGLY TYPED AS M/S. NCL RESEARCH & FINANCIAL SERVICES LTD INSTEAD OF M/S. PANCHSHUL MARKETING LIMITED [CONVERTED TO M/S. KAILASH AUTO FINANCE LTD.]. 2. AFTER PERUSING THE RECORDS THE SAME IS RECTIFIED AND SHALL HENCEFORTH BE READ AS UNDER:- THE SOLE ISSUE THAT ARISES FOR MY ADJUDICATION IS WHETHER THE ASSESSING OFFICER WAS RIGHT IN REJECTING THE CLAIM OF THE ASSESSEE THAT HE HAD EARNED LONG TERM CAPITAL GAINS ON PURCHASE AND SALE OF THE SHARES OF M/S. PANCHSHUL MARKETING LIMITED [CONVERTED TO M/S. KAILASH AUTO FINANCE LTD.] 3. IN THE RESULT, ALL THESE MISCELLANEOUS APPLICATIONS OF THE ASSESSEE ARE ALLOWED. KOLKATA, THE 12 TH DAY OF JULY, 2019. SD/- [ J. SUDHAKAR REDDY] ACCOUNTANT MEMBER DATED :12.07.2019 {SC SPS} 3 M.A. NO. 89/KOL/2019 SAILESH DAULAT M.A. NO. 90/KOL/2019 HARISH DAULAT M.A. NO. 91/KOL/2019 SMT. SHILPA DAULAT M.A. NO. 92/KOL/2019 BIPIN KUMAR DEVJI COPY OF THE ORDER FORWARDED TO: 1. SAILESH DAULAT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 2. INCOME TAX OFFICER, WARD-36(3), KOLKATA 3. HARISH DAULAT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 4.INCOME TAX OFFICER, WARD-34(3), KOLKATA 5. SMT. SHILPA DAULAT 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 6. INCOME TAX OFFICER, WARD-36(2), KOLKATA 7. BIPIN KUMAR DEVJI 2/1A, AMARTOLLA LANE 1 ST FLOOR KOLKATA 700 001 8. INCOME TAX OFFICER, WARD-34(1), KOLKATA 9. CIT(A)- 10. CIT- , 11. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER ASSISTANT REGISTRAR ITAT, KOLKATA BENCHES