ASST CIT CC 43, MUMBAI V. KHIRAD ZAIDI, MUMBAI

ITA 1337/MUM/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3616 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2005-2006
• Appeal Filed On: 27-02-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SSH M MURLI SANDEEP GOEL
• Keywords: Tax effect

Judgement Text

ITA3188/13 &1337/14 1 , , , , INCOME-TAX APPELLATE TRIBUNAL -ABENCH MUMBAI , BEFORE S/SH.RAJENDRA,ACCOUNTANT MEMBER AND AMIT SHUKLA,JUDICIAL MEMBER ./I.T.A/1337/MUM/2014 , / ASSESSMENT YEAR: 2005-06 ACIT-CENTRAL CIRCLE 43 MUMBAI-400 020. VS. KHIRAD ZAIDI, KENNEDY HOUSE,II FLOOR,GOREGAONKAR RD. NANA CHOWK,MUMBAI-400007 PAN:AIQPA 6270 N ./I.T.A/3188/MUM/2013 / ASSESSMENT YEAR: 2009-10 DCIT-4(1) M.K. ROAD,MUMBAI-400 020. VS. M/S. K H SECURITIES PVT. LTD. 79/89 MAHENDRA CHAMBER,146,DR. D N ROAD, MUMBAI-400 001. PAN:AACCA 2327 B ( /APPELLANT ) ( / RESPONDENT ) REVENUE BY: S/SH. M.MURLI &SANDEEP GOEL ASSESSEE BY: SHRI.N R AGARWAL & NONE / DATE OF HEARING: 08.03.2016 / DATE OF PRONOUNCEMENT: 08.03.2016 ,1961 254(1) ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) PER BENCH - THE ABOVE APPEALS WERE FILED BY THE ASSESSING OFFIC ERS (AO.S) RAISING VARIOUS GROUNDS OF APPEAL FOR THE ASSESSMENT YEARS MENTIONED ABOVE.THE TAX EFFECT INVOLVED IN BOTH THE CASES IS BELOW THE MONETARY LIMIT,(RS.10,00,000/-) PRESCRIBE D BY THE CENTRAL BOARD OF DIRECT TAXES (CBDT),VIDE ITS CIRCULAR NO.21/2015(F.NO.279/MISC. 142/2007-ITJ (PT.) DATED 10 TH DECEMBER, 2015. 2. AUTHORISED REPRESENTATIVE(AR)FOR THE FIRST APPEAL A PPEARED, WHEREAS NONE APPEARED FOR THE SECOND APPEAL,AS STATED EARLIER.THE DEPARTMENTAL RE PRESENTATIVES (DR.S),ON A QUERY BY THE BENCH,FAIRLY CONCEDED THAT THE TAX INVOLVED IN BOTH CASES WAS LESS THAN RS.10.00 LACS. CONSIDERING THESE FACTS,WE DISMISS THE APPEALS HOLD ING THEM AS NOT MAINTAINABLE. AS A RESULT, APPEALS FILED B Y THE ASSESSING OFFICERS STAND DISMISSED. . ORDER PRONOUNCED IN THE OPEN COURT ON 8 TH MARCH, 2016. 8 , 2016 ( !' / AMIT SHUKLA ) ( #$% / RAJENDRA ) &' / JUDICIAL MEMBER $(&' / ACCOUNTANT MEMBER MUMBAI, DATE: 08.03.2016 JV.SR.PS. / COPY OF THE ORDER FORWARDED TO : 1. APPELLANT / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ , 4. THE CONCERNED CIT / ITA3188/13 &1337/14 2 5. DR A BENCH, ITAT, MUMBAI / , , . . . 6. GUARD FILE/ //TRUE COPY// / BY ORDER, / DY./ASST. REGISTRAR , /ITAT, MUMBAI.