ACIT (OSD) 1(3), MUMBAI V. BOMBAY GAS CO. LTD, MUMBAI

ITA 1921/MUM/2011

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 88445 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-03-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: J
• Next Hearing Date: 26-11-2014
• Assessment Year: 2005-2006
• Appeal Filed On: 08-03-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: N K CHAND
• Assessee Lawyers: MANISH V SHAH
• Keywords: Tax effect

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES J MUMBAI . . , . . , BEFORE SHRI I.P. BANSAL, JUDICIAL MEMBER AND SHRI R.C.SHARMA , ACCOUNTANT MEMBER ITA NO.1921/MUM/2011(A.Y. 2005-06) ITA NO.1922/MUM/2011(A.Y.2006-07) DCIT-1(1), ROOM NO.579, AAYKAR BHAVAN, MUMBAI 20. (APPELLANT ) VS. M/S. BOMBAY GAS CO. LTD., EMPIRE HOUSE, A.K.NAIK MARG, FORT, MUMBAI 400001 (RESPONDENT) APPELLANT BY : SHRI N.K.CHAND RESPONDENT BY : SHRI MAN ISH V. SHAH DATE OF HEARING : 10/03/2015 DATE OF PRONOUNCEMENT : 10 /03/2015 ORDER PER BENCH: THESE APPEALS ARE FILED BY THE REVENUE AND ARE DIR ECTED AGAINST TWO SEPARATE ORDERS PASSED BY LD.CIT(A)-1, MUMBAI DATED 21/10/20 10 AND 25/10/2010 FOR ASSESSMENT YEARS 2005-06 AND 2006-07 RESPECTIVELY. 2. AT THE TIME OF HEARING IT WAS NOTICED THAT TAX E FFECT INVOLVED IN THESE APPEALS FILED BY THE REVENUE IS LESS THAN RS.2.00 L ACS. THEREFORE, LD. DR WAS REQUIRED TO SUBMIT TAX EFFECT CALCULATION. ACCORDI NG TO THE SAID CALCULATION, TAX EFFECT IN THE PRESENT APPEALS ARE RS.1,17,462/- AND RS.1,03,267/- FOR ASSESSMENT YEAR 2005-06 AND 2006-07 RESPECTIVELY. ACCORDINGLY, AS PER THE LATEST INSTRUCTION ITA NO.1921/MUM/2011(A.Y. 2005-06) ITA NO.1922/MUM/2011(A.Y.2006-07) 2 ISSUED BY CBDT DATED 10/07/2014 UNDER SECTIO N 268A OF THE INCOME TAX ACT, 1961 (INSTRUCTION NO.5/2014 (F.NO.279/MISC.142/2007 -ITJ(PT)] THESE APPEALS FILED BY THE REVENUE ARE DISMISSED ON ACCOUNT OF LO W TAX EFFECT. 3. IN THE RESULT, THE APPEALS FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 10/03/2015 ! ' 10/03/2015 # $ SD/- SD/- ( . . /R.C.SHARMA ) ( . . / I.P. BANSAL ) /ACCOUNTANT MEMBER / JUDICIAL MEMBER MUMBAI; %& DATED 10/03/2015 '() '() '() '() *)!( *)!( *)!( *)!( / COPY OF THE ORDER FORWARDED TO : 1. +, / THE APPELLANT 2. '-+, / THE RESPONDENT. 3. . ( ) / THE CIT(A)- 4. . / CIT 5. )/# '(& , , / DR, ITAT, MUMBAI 6. #0 1 / GUARD FILE. & & & & / BY ORDER, -)( '( //TRUE COPY// 2 22 2 / 3 3 3 3 4 4 4 4 (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI . & . ./ VM , SR. PS