M/S MERLINS,KOLKATA vs. A.C.I.T.,CILCLE-31, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P.M. Jagtap(Kz)] [Through Virtual Court] I.T.A. No. 1999/Kol/2019 Assessment Year: 2013-14 M/S. Merlins......................................…………………………..................................................Appellant 22, Prince Anwar Shah Road, Kolkata – 700 033. [Pan: Aatfm 9672 P] Vs Acit, Circle – 31, Kolkata...................…………………………………………………..............Respondent Kolkata. Appearances By: Shri Rakesh Jain, Ar Appearing On Behalf Of The Assessee. Shri Jayanta Khanra, Jcit, Sr. Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : May 13, 2021 Date Of Pronouncing The Order : June 23, 2021 Order

80I was reduced. The Tribunal held that the Assessing Officer had jurisdiction to reassess issues other than the issues in respect of which proceedings were initiated even when the reasons for the latter ceased to survive. The question before the Hon’ble Delhi High Court was whether the Tribunal was right in holding so or not and the same