Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, KOLKATA ‘SMC’ BENCH, KOLKATA
Before: Shri J. Sudhakar Reddy, Hon’ble]
order : January 15th, 2020 O R D E R Per J. Sudhakar Reddy, AM :- This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals) – 3, Kolkata, (hereinafter the “ld.CIT(A)”), passed u/s. 250 of the Income Tax Act, 1961 (the ‘Act’), dt. 18/04/2019, for the Assessment Year 2014-15.
After hearing rival contentions, we dismiss Ground Nos. 1 & 2 as not pressed.
Coming to Ground No. 3, we set aside the same to the file of the Assessing Officer, for fresh adjudication, in accordance with law. The Assessing Officer shall follow the decision of the Hon’ble Supreme Court in the case of UOI vs. Exide Industries Ltd. in SLP Proceedings in CC 12060/2008, dt. 08/09/2008 and in CC 22889/2008, order dt. 08/05/2009.
In the result, appeal of the assessee is allowed in part. Kolkata, the 15th day of January, 2020. Sd/- [J. Sudhakar Reddy] Accountant Member Dated : 15.01.2020 {SC SPS}
Assessment Year: 2014-15 BJN Paints India Limited Copy of the order forwarded to: opy of the order forwarded to: 1. BJN Paints India Limited (since merged with Berger Paints India Limited) (since merged with Berger Paints India Limited) Berger House 129, Park Street Kolkata – 700 017 2. Income Tax Officer, Ward-7(4), Kolkata 7(4), Kolkata 3. CIT(A)- 4. CIT- , 5. CIT(DR), Kolkata Benches, 5. CIT(DR), Kolkata Benches, Kolkata.