SHRI NARAYAN SARAF,KOLKATA vs. PR.C.I.T.-12, KOLKATA
In the result, appeal of the assessee is the result, appeal of the assessee is allowed
ITA 2214/KOL/2019[2014-15]Status: DisposedITAT Kolkata29 Nov 2019AY 2014-15
Bench: Shri J. Sudhakar Reddy, Hon’Ble & Shri Aby T. Varkey, Hon’Ble] I.T.A. No. 2214/Kol/2019 Assessment Year: 2014-2015 Shri Narayan Saraf………………………….................……....……………..…..……...……………...…Appellant 56, N.S. Road 2Nd Floor Kolkata – 700 001 [Pan: Akkps 6352 B] Vs. Pr. Commissioner Of Income Tax -12, Kolkata………………………..........….....……......Respondent Appearances By: Shri Soumitra Choudhury, Advocate & Shri Jaydeep Chakraborty, Advocate, Appeared On Behalf Of The Assessee. Dr. P.K. Srihari, Jcit, Sr. D/R, Appearing On Behalf Of The Revenue Date Of Concluding The Hearing : November 13Th, 2019 Date Of Pronouncing The Order : November 29Th, 2019 O R D E R Per J. Sudhakar Reddy, Am :- This Appeal Filed By The Assessee Is Directed Against The Order Of The Learned Principal Commissioner Of Income Tax, Kolkata -12, (Hereinafter The “Ld. Pr. Cit”), Passed U/S. 263 Of The Income Tax Act, 1961 (The ‘Act’), Dt. 14/03/2019, For The Assessment Year 2014-15. 2. At The Outset We Find That There Is A Delay Of 131 (One Hundred Thirty One) Days In Filing Of This Appeal. After Perusing The Petition For Condonation, We Are Convinced That The Assessee Was Prevented By Sufficient Cause From Filing The Appeal On Time. Hence The Delay Is Condoned & The Appeal Is Admitted.
Section 143(3)Section 263
delay is condoned and the appeal is admitted.
3. The assessee has originally filed its return of income on 30/09/2014
declaring total income of Rs.19,04,650/-, for the impugned Assessment Year. The Assessing Officer completed the assessment u/s 143(3) of the Act on 18/07/2016
determining the total income of the assessee at Rs.21
