BHUPESH BABULAL JAIN, MUMBAI V. DCIT- CC- 5(1), MUMBAI

CO 199/MUM/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 0624 (ITAT-MUMBAI)
• Duration Of Justice: 1 month(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 16-09-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 16-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KAVITA P KAUSHIK
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES B , MUMBAI BEFORE SHRI RAJESH KUMAR, ACCOUNTANT MEMBER AND SHRI RAVISH SOOD , JUDICIAL MEMBER C . O NO S . 1 9 8 & 199 /MUM/2019 (ARISING OUT OF ITA NO S . 3414 & 3415 /MUM/201 8 ) ASSESSMENT YEAR : 20 11 - 12 BHUPESH BABULAL JAIN (HUF), 8C, ABHILASHA CHS LTD., 46 , AUGUST KRANTI MARG, MUMBAI [PAN : AACHB9689N] VS. DCIT, CC - 5(1), MUMBAI BHUPESH BABULAL JAIN, 101, AKRUTI ADITYA, 36, N.M. MARG, GRANT ROAD, MUMBAI [PAN : AABPJ7286Q] (APPELLANT) (RESPONDENT) APP E L L ANT BY : SHRI ANANT PAI, A R RESPONDENT BY : MS. KAVITA P.KAUSHIK, DR DATE OF HEARING : 09 - 0 9 - 2019 DATE OF PRONOUNCEMENT : 16 - 0 9 - 2019 O R D E R P ER R AJESH KUMAR , A . M: TH ESE ARE CROSS - OBJECTIONS FILED BY THE ASSESSEES AGAINST THE APPEALS OF REVENUE IN ITA NO S . 3414 & 3415 / MUM /201 8 FOR THE AY . 2011 - 12 WITH A DELAY OF 105 DAYS . C.O NO S . 1 9 8 & 199 /MUM/ 20 1 9 : 2 : 2. IT WAS BROUGHT TO OUR NOTICE DURING THE HEARING THAT THE TAX EFFECT INVOLVED IN CORRESPONDING BOTH THE APPEAL S TO THESE C ROSS - O BJECTION S IS BELOW RS.50 LAKHS . A S PER THE LATEST CBDTS C IRCULAR NO.03/2018 DATED 11 - 07 - 2018 AND CIRCULAR NO.17 OF 2019 DATED 9 TH AUGUST, 2019, THE CO - ORDINATE BENCH OF THIS TRIBUNAL, VIDE ORDER DT.20 - 08 - 2019, DISMISSED THESE APPEALS OF REVENUE. SINCE THE APPEALS OF THE R EVENUE HAVE BEEN DISMISSED FOR LOW TAX EFFECT, THE SE C ROSS - OBJECTIONS FILED BY THE ASSESSEE HAVE BECOME ACADEMIC AND ARE DISMISSED . 3. IN THE RESULT, BOTH THE CROSS - OBJECTIONS ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH SEPTEMBER , 2019 SD/ - SD/ - (R AVISH S OOD ) (RAJESH KUMAR) / JUDICIAL MEMBER / ACCOUNTANT MEMBER / MUMBAI; / DATED : 16 - 09 - 2019 TNMM / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) , MUMBAI 4. / CIT , MUMBAI 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE C.O NO S . 1 9 8 & 199 /MUM/ 20 1 9 : 3 : / BY ORDER, //TRUE COPY// / (DY./ASST. REGISTRAR) , / ITAT, MUMBAI