IN THE INCOME TAX APPELLATE TRIBUNAL, A BENCH, MUMBAI. BEFORE SHRI PRAMOD KUMAR, ACCOUNTANT MEMBER AND SHRI VIJAY PAL RAO, JUDICIAL MEMBER C.O. NO.37/ MUM/2009 (ARISING OUT OF ITA NO.939/MUM/2008) ASSESSMENT YEAR: 2001-02 ACTION FINANCIAL SERVIES (I) LTD., .. CROSS OBJ ECTOR 31, RAJGIR CHAMBERS, 4 TH FLOOR, 12/14, SAHID BHAGAT SINGH ROAD, FORT, MUMBAI-23. VS DCIT, 8(1) .. RESPONDEN T AAYAKAR BHAVAN, M.K. ROAD, MUMBAI. APPEARANCES: K.SHIVRAM, FOR THE CROSS OBJECTOR USHA NAIR, FOR THE RESPONDENT DATE OF HEARING : 9.8.2011 DATE OF PRONOUNCEMENT : 12 -08-2011 O R D E R PER PRAMOD KUMAR: 1. WHEN THIS CASE WAS CALLED UP FOR HEARING, LEARNE D COUNSEL SUBMITTED THAT HE DOES NOT WISH TO PRESS THE CROSS OBJECTION, AS THE GRIEVANCE RAISED HEREIN, IS NOW 2 ALSO RAISED IN ASSESSEES PETITION UNDER RULE 27, I N REVENUES APPEAL AGAINST THE SAME ORDER AS IS IMPUGNED IN THIS APPEAL. 2. IN VIEW OF THE ABOVE, THE CROSS OBJECTION IS DIS MISSED AS NOT PRESSED. PRONOUNCED IN THE OPEN COURT ON 12 TH AUGUST, 2011 SD/- (VIJAY PAL RAO) JUDICIAL MEMBER SD/- (PRAMOD KUMAR) ACCOUNTANT MEMBER MUMBAI, DATED 12 TH AUGUST, 2011 PARIDA COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. COMMISSIONER OF INCOME TAX (APPEALS) CONCERNED, MUMBAI 4. COMMISSIONER OF INCOME TAX, CONCERNED , MUMBAI 5. DEPARTMENTAL REPRESENTATIVE, BENCH A MUMBAI //TRUE COPY// BY ORDER ASSTT. REGISTRAR, ITAT, MUMBAI