DCIT CIR 3(3), MUMBAI V. SHAH SPINNERS P.LTD, MUMBAI

ITA 1160/MUM/2012

• Counselvise Citation: [2012] 119 COUNSELVISE.COM (IT) 9167 (ITAT-MUMBAI)
• Duration Of Justice: 9 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-12-2012
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 03-12-2012
• Assessment Year: 2007-2008
• Appeal Filed On: 20-02-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: ADITYA BHATT
• Keywords: Tax effect

Judgement Text

. , IN THE INCOME TAX APPELLATE TRIBUNAL SMC , BENCH MUMBAI , BEFORE SHRI R. K. GUPTA , JM ITA NO. 1160 / MUM/ 20 1 2 ( ASSESSMENT YEAR : 200 7 - 20 0 8 ) DCIT CIR 3(3), MUMBAI VS. M/S SHAH SPINNERS P. LTD., 8 TH FLOOR, REGENT CHAMBERS, NARIMAN POINT, MUMBAI - 21 PAN/GIR NO. : AA FC S 3007 D ( APPELLANT ) .. ( RESPONDENT ) AND ITA NO. 1948 /MUM/20 1 2 ( ASSESSMENT YEAR :200 8 - 200 9 ) DCIT CIR 3(3), MUMBAI VS. M/S SHAH SPINNERS P. LTD., 8 TH FLOOR, REGENT CHAMBERS, NARIMAN POINT, MUMBAI - 21 PAN/GIR NO. : AAFCS 3007 D ( APPELLANT ) .. ( RESPONDENT ) AND ITA NO. 2091 /MUM/20 12 ( ASSESSMENT YEAR :2007 - 2008 ) DCIT CIR 3(3), MUMBAI VS. M/S SHIMNIT FINANCE INVESTMENTS P. LTD., 8 TH FLOOR, REGENT CHAMBERS, NARIMAN POINT, MUMBAI - 400 0 21 PAN/GIR NO. : AA K CS 4758 L ( APPELLANT ) .. ( RESPONDENT ) /REVENUE BY : MR. MOHIT JAIN /ASSESSEE BY : MR. ADITYA BHATT DATE OF HEARING : 5 TH DE C . , 2012 DATE OF PRONOUNCEMENT : 7 TH DEC. ,2012 ITA NO S . 1160, 1948 & 2091 /2 0 1 2 2 O R D E R TH ESE THREE APPEALS HAVE BEEN PREFERRED BY THE DEPARTMENT AGAINST THE SEPARATE ORDER S OF THE LEANED CIT(A) , MUMBAI. 2 . IN ALL THE THREE APPEALS, T HE TAX EFFECT IS LESS THAN RS.3,00,000/ - , THEREFORE, THE APPEAL S OF THE DEPARTMENT ARE NOT MAINTAINABL E AS PROVIDED UNDER SECTION 268 A (1) OF THE ACT. ACCORDINGLY, I DISMISS THE ALL THE THREE APPEAL S OF THE DEPARTMENT IN LIMINE. 3 . IN THE RESULT, APPEAL S OF THE DEPARTMEN T ARE DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON THIS 7 TH DAY OF DEC . 2012. 2012 SD/ - ( ) ( R.K.GUPTA ) / JUDICIAL MEMBER MUMBAI ; DATED : 07 / 1 2 / 2012 . /PKM , PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) - X, MUMBAI. 4. / CIT 5. / DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY// / BY ORDER, ( DY./ASSTT. REGISTRAR) / ITAT, MUMBAI