IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD
"SPECIAL BENCH"
(BEFORE S/SHRI R.P. GARG, VICE PRESIDENT I.S. VERMA, JUDICIAL MEMBER AND P.K. BANSAL, ACCOUNTANT MEMBER)
|
Sr. No. |
ITA Nos. |
Appellant |
Respondent |
Appearance |
|
|
Revenue by |
Assessee by |
|
1. |
39071 Ahd/2004 A Y: 2000-01 |
DCIT, Cent. Cir. 2(4) Ahemedabad |
M/s Zaveri & Co. Exports
Swagat Building C.G. Road, Ahmedabad |
Shri S. Panwar |
Shri M.K.
Patel |
|
2. |
34831 Ahd/2004 A Y: 2001-2002 |
ITO, Ward-7(2) Ahmedabad. |
M/s. Far East Trading Co.
"Jay" Unique Park Satelite Road, Ahmedabad |
-do- |
Shri tushar Hemeni |
|
3. |
3092/Ahd/2004 AY: 2001-2002 |
ACIT, Cir.2 Ahmedabad. |
M/s. Asiatic Industries Plot No.1504, GIDC Estate Naroda, Ahmedabad 382 330. |
-do- |
Shri Tushar Hemani |
|
4. |
30931 Ahd/2004 A Y : 2001- 2002 |
Tarulata Agrawal Shilalekh2002 Opp: Police Stadium Shahibag, Ahmedabad-4. |
ACIT, Cir.2 Ahmedabad.
|
-do- |
-do- |
|
5. |
2521/Ahd/2004 A Y:2001-2002 |
DCIT, Cir.6 Ahmedabad. |
M/s. Shelln Extruders
498, GIDC Phase-II Vatva, Ahmedabad. |
-do- |
None |
|
6. |
34971 Ahd/2004 A Y: 20012002 |
DCIT, Cir. 11 Ahmedabad. |
M/s. Asian Dye-Staff Inds.
S-14, Municipal Indl. Estate, Bapunagar, Ahmedabad |
-do- |
Shri Sakar
Sharma |
|
7. |
3565/Ahd/2004 A Y: 2001-2002 |
DCIT (OSD) Range-1, Ahmedabad |
Angiplat Pvt. Ltd
4803, Phase-IV, GIDC Vatva, Mehta Ahmedabad |
-do- |
Shri P.M.
|
|
8. |
3686/ Ahd/2004 AY: 2001-2002 |
ACIT, Cir.10 Ahmedabad. |
M/s. V.K. International
34, Omkar House C.G. Road, Navrangpura Ahmedabad. |
-do- |
Shri Tushar
Hemani |
|
9. |
39291Ahd/2004 AY: 2001-2002 |
DCIT, Cir.7 Ahmedabad. |
M/s. Ashish Chemicals Lane No.13, Bungalow No.24, Styagrah Chavani Ahmedabad. |
-do- |
-do- |
|
10-11 |
3521/Ahd/2004 A Y: 2001-2002 With CO349/Ahd/2004 |
ACIT, Cir.8 Ahmedabad. |
Shanti Export Pvt. Ltd. Chiripal House Opp: Asopalav Party Plot Satellite, Ahmedabad. |
-do- |
Shri P.M. Mehta
|
|
12. |
3563/Ahd/2004 AY: 2001-2002 |
ITO, Ward-7(4) Ahmedabad. |
M/s. Avi Trading
Co. B-202, Suflam, Naranpura Ahmedabad. |
-do- |
Shri S.N. Divetia |
|
13. |
3496/ Ahd/2004 A Y: 2001-2002 |
DCIT, Cir.11 Ahmedabad. |
M/s. Rang International
173, New Cloth Market Ahmedabad. |
-do- |
None |
|
14.-15 |
36851 Ahd/2004 A Y: 2001-2002 With CO No.251 Ahd/2005 |
ACIT, Cir.l0 Ahmedabad. |
M/s. Saujanya Dye Chem
803, Satkar Building Nr. Swagat Building C.G. Road, Navrangpura Ahmedabad |
-do- |
Shri Tushar Hemani |
|
16. |
3482/ Ahd/2004 A Y :2001-2002 |
ITO, Ward-3(4) Ahmedabad. |
M/s. Keen Associates
905/2, GIDC Estate Phase-IV, Naroda Ahmedabad |
-do- |
Shri Divyakant Parikh |
|
17. |
3179/Ahd/2004 AY: 2001-2002 |
DCIT(OSD), Range-1, Ahmedabad. |
Asahi Songwon Colours Ltd
30, Ambica Society Usmanpura, Ahmedabad. |
-do- |
-do- |
|
18. |
3316/Ahd/2004 AY: 2001-02 |
ACIT, Cir.3 Ahmedabad. |
Sterling Export Corp. GIDC Naroda, Ahmedabad. |
-do- |
Shri Tushar Hemani |
|
19. |
10/ Ahd/2005 AY: 2001-02 |
ACIT, Cir.l0 Ahmedabad. |
M/s. Pradip Exports
601, Narnarayan Complex, Swastik Char Rasta Navrangpura, Ahmedahad |
-do- |
Shri Tushar Hemani |
|
20. |
16/Ahd/2005 A Y: 2000-01 |
ACIT, Cir.10 Ahmedabad |
M/s. Pradip Exprts
601, Narnarayan Complex Swastik Char Rasta Navrangpura, Ahmedabad. |
Shri D. N. Mishra |
None |
|
21-22 |
3928/Ahd/2004 AY: 2001-02 With CO No. 581 Ahd/2005 |
DCIT,Cir.7 Ahmedabad. |
M/s. Ramdev Exports Ramdev Estate Nr. Sola Overbridge SG Highway, Ahmedabad. |
Shri S.S. Panwar |
Shri S.N. Divetia |
|
23. |
11/Ahd/2005 A Y:2001-2002 |
ACIT, Cir. 10 Ahmedabad. |
M/s. Stellar International
206, Akruti Complex Nr.Stadium Circle N avrangpura,Ahmedabad. |
-do- |
-do- |
AIT Head Note: "What treatment should be given to DEPB licence benefits/receipts by the assessee while computing deductions u/s. 80HHC (3) of the I T Act?"
O R D E R
PER GARG, VICE-PRESIDENT: President, Income-tax Appellate Tribunal, vide order dated 01-8-2008 has constituted this Special Bench for adjudicating the following question in this bunch of appeals:-
"What treatment should be given to DEPB licence benefits/receipts by the assessee while computing deductions u/s. 80HHC (3) of the I T Act?"
2. At the time when reference was made, there was conflicting opinion of the Tribunal with regard to the treatment to be given to DEPB Licence benefit receipt by the assessee - some of the Benches holding that it was a receipt within the meaning of Section 28(iiia) or receipt under clause 28(iiib) or even under clause (iiic) of section 28 of the Act and others opining that it was receipt in the nature referred to in clause (v) of section 28 i.e. value of any benefit to perquisite, whether convertible into money or not, arising from business or the exercise of a profession. There has been an amendment by Finance Act, 2005 by insertion of clauses (iiid) and (iiie) in section 28 as well as by insertion of provision to Section 80HHC (3) with retrospective effect from 1-4-1998 including DEPB receipt as part of the business income and profit for the treatment to be given to such receipt while computing deduction under Section 80HHC (3) of the Act. As the amendment is with retrospective effect and the issues is to be processed afresh in accordance therewith and computation of deduction under section 80HHC (3), with respect thereto. We, therefore, in the interest of justice set aside assessment on this issue in all these appeals to examine the claim of the assessee with regard to conditions laid down for claiming deduction under Sections 28 and 80HHC(3) by various provisions added to Section 80HHC by the said Finance Act, 2005. Accordingly, all these appeals are set aside back to the file of AO with this direction.
3. In the result appeals being ITA Nos. 3907/Ahd/2004, 3565/Ahd/2004, 3929/Ahd/2004, 3563/Ahd/2004, 3482/Ahd/2004, 3179/Ahd/2004, 3316/Ahd/2004, 3928/Ahd/2004 3483/Ahd/2004, 3092/Ahd/2004, 3093/Ahd/2004, 3497/Ahd/2004, 3686/Ahd/2004, 35211Ahd12004 and 3496/Ahd/2004 are allowed for statistical purposes.
4. In other appeals and COs. being ITA No.3685/ Ahd/2004 with co No.25/Ahd/2005, 2521/Ahd/2004, 10 & 16/Ahd/2005, CO No.349/Ahd/2004 in ITA No.3521/Ahd/2004 and 11/Ahd/2005 other issues are involved and raised, and therefore, these are to be decided by the Division Bench to dispose of accordingly
Pronounced in the Open Court on 12th September, 2008.
|
