DCIT 1 (1)(2), MUMBAI V. M/S HOUSING DEVELIPMENT FINANCE CORPORATION LTD, MUMBAI

ITA 15/MUM/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7134 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 7 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-08-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2008-2009
• Appeal Filed On: 01-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Set aside
• Section: 143(3); 263

Judgement Text

INTHEINCOMETAX APPELLATETRIBUNAL MUMBAI BENCHHMUMBAI BEFORE SHRI S. RIFAURRAHMAN(ACCOUNTANT MEMBER)AND SHRI RAVISHSOOD (JUDICIAL MEMBER) ITA NO.15/MUM/2020 ASSESSMENT YEAR:2008-09 DCIT-1(1)(2), 579, AAYKARBHAVAN, M.K. ROAD, MUMBAI-400020. VS. M/SHOUSING DEVELOPMENT FINANCE CORPORATION LTD., 169, BACKBAYRECLAMATION, H.T. PAREKHMARG, CHURCHGATE, MUMBAI-400020. PAN NO. AAACH 0997E APPELLANT RESPONDENT REVENUEBY : MR. MANOJMISHRA, CIT-DR ASSESSEEBY : MR. KETAN VED, AR DATE OF HEARING : 30/06/2021 DATE OF PRONOUNCEMENT : 31 /08/2021 ORDER PER S. RIFAURRAHMAN,A.M. THE PRESENT APPEAL FILED BY THE REVENUE IS AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-2, MUMBAI [IN SHORT CIT(A)] FOR THE ASSESSMENT YEAR 2008-09 DATED 11.10.2019 AND ARISES OUT OF ASSESSMENT COMPLETEDU/S143(3) R.W.S.263OFTHE INCOMETAXACT,1961 (IN SHORTTHE ACT). 2. AT THE TIME OF HEARING, IT IS BROUGHT TO OUR NOTICE THAT THE ORDER PASSED BY THE PR. CIT U/S 263 OF THE ACT WAS SET ASIDE BY THE CO-ORDINATE BENCH OF THE TRIBUNAL ON 12.06.2019 IN ITA NO. 3928/M/2013. FURTHER, IT IS SUBMITTED THAT THEREVENUEISINAPPEALBEFORE USAGAINSTTHEORDERPASSEDBYTHE LD.CIT(A)BY M/SHOUSING DEVELOPMENT 2 QUASHING CONSEQUENTIAL ORDER PASSED U/S 143(3) R.W.S. 263. THE FACT ON RECORD THAT THE CO-ORDINATE BENCH HAS ALREADY SET ASIDE THE 263 ORDER. THIS FACT IS VISIBLE FROM THE GROUNDS OF APPEAL RAISED BY THE REVENUE WHICH IS REPRODUCED BELOW: ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE AND IN LAW, THE LD. CIT(A) ERRED IN QUASHING THE ASSESSMENT ORDER U/S 143(3) R.W.S. 263 PASSED BY THE ASSESSING OFFICER BY RELYING ON THE ORDER OF THE HONBLE ITAT SETTING ASIDE THE ORDER PASSED U/S 263 BY THE CCIT(OSD) WITHOUTAPPRECIATINGTHAT THEORDEROF THEITATHASNOT BEEN ACCEPTEDBYTHE DEPARTMENT. 4. SINCE, THE CO-ORDINATE BENCH HAS ALREADY SET ASIDE THE 263 ORDER. THE CONSEQUENTIALORDERPASSEDU/S143(3)R.W.S.263HASNOLEGTOSTAND.THEREFORE, WE INCLINED TO ACCEPT THE FINDINGS OF THE LD. CIT(A). WE DO NOT SEE REASON TO ENTERTAINTHEGROUNDSOFAPPEALRAISEDBYTHEREVENUEWHICHWASFILEDBEFOREUS. ACCORDINGLY,THE GROUNDRAISED BYTHE REVENUEISDISMISSED. 5. IN THE RESULT,THE APPEALFILEDBYTHEREVENUEISDISMISSED. ORDER PRONOUNCEDINTHEOPENCOURTON 31/08/2021. SD/- SD/- ( RAVISHSOOD ) ( S. RIFAURRAHMAN ) JUDICIALMEMBER ACCOUNTANTMEMBER MUMBAI; DATED: 31/08/2021 RAHUL SHARMA,SR. P.S. COPYOFTHEORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A) - M/SHOUSING DEVELOPMENT 3 4. CIT 5. DR, ITAT,MUMBAI 6. GUARDFILE. BY ORDER, //TRUE COPY// (DY./ASSISTANTREGISTRAR) ITAT,MUMBAI