2018 (9) TMI 276

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eal is preferred by the revenue against the order of Ld. CIT(Appeals) - 12, Kolkata dated 28.07.2017. 2. The assessee in the present case is a Scheduled Bank. In the assessment originally completed u/s 143(3) for the year under consideration vide an order dated 18.03.2013, the total income of the assessee was determined by the A.O. at Rs. 20,14,55,260/-. The record of the said assessment came to ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed by the A.O. u/s 143(3)/263, an appeal was preferred by the assessee before the Ld. CIT(A) disputing both the additions made by the A.O. Meanwhile, the appeal filed by the assessee against the order of the Ld. CIT passed u/s 263 came to be disposed of by the Tribunal vide its order dated 12.05.2017 passed in ITA No. 877/Kol/2015. In the said order, the Tribunal held that the Assessing Officer ha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... under consideration should be allowed as deduction. In this regard, it was submitted on behalf of the assessee before the Ld. CIT(A) that a sum of Rs. 57,87,806/- having been paid before 15th October, 2010 which was the due date for filing the return of income for the year under consideration, deduction should be allowed to then extent. The A.O. accordingly was directed by the Ld. CIT(A) to verif....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....resentatives of both the sides, the order of the Ld. CIT passed u/s 263 on the issue of "provision for wage revision" having already been set aside by the Tribunal restoring the order of the A.O. passed originally u/s 143(3) on this issue, the fresh assessment order passed by the A.O. u/s 143(3)/263 on this issue has become infructuous and there is no infirmity in the impugned order of the Ld. CIT....