ACIT 17(1), MUMBAI V. BAJAJ BHAVAN OWNERS PREMISES CO OP SOC LTD, MUMBAI

ITA 2181/MUM/2015

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 1748 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 7 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-12-2016
• Appeal Filed By: Department
• Bench Allotted: J
• Assessment Year: 2010-2011
• Appeal Filed On: 13-04-2015
• Court: TRIBUNAL
• Assessee Lawyers: VIPUL I SHETH
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL J BENCH, MUMBAI BEFORE SHRI B.R. BASKARAN (AM) & SHRI AMIT SHUKLA (JM) I.T.A. NO. 2181 /MUM/ 2015 (ASSESSMENT YEAR 20 1 0 - 11) ACIT 17(1) ROOM NO. 117 1 ST FLOOR AAYAKAR BHAVAN M.K. ROAD MUMBAI - 400 020. VS. BAJAJ BHAWAN OWNERS PREMISES CO - OPERATIVE SOCIETY LTD. 226, JAMNALAL BAJAJ ROAD NARIMAN POINT MUMBAI - 400 021. ( APPELLANT ) ( RESPONDENT ) I.T.A. NO. 190/MUM/2016 (ASSESSMENT YEAR 2010 - 11) BAJAJ BHAWAN OWNERS PREMISES CO - OPERATIVE SOCIETY LTD. 226, JAMNALAL BAJAJ R OAD NARIMAN POINT MUMBAI - 400 021. VS. ACIT 17(1) ROOM NO. 117 1 ST FLOOR AAYAKAR BHAVAN M.K. ROAD MUMBAI - 400 020. ( APPELLANT ) ( RESPONDENT ) PAN NO . AAAJB0644H ASSESSEE BY SHRI VIPUL I. SHETH DEPARTMENT BY SHRI VAIBHAV JAIN DATE OF HEARING 5 .1 2 . 201 6 DATE OF PRONOUNCEMENT 5 . 12 . 201 6 O R D E R PER BENCH : - THE APPEAL FILED BY THE REVENUE AND CROSS OBJECTION FILED BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER DATED 13.1.2014 PASSED BY THE LEARNED CIT(A) - 28, MUMBAI AND THEY RELATE TO A.Y. 2010 - 11. 2. AT THE TIME OF HEARING LEARNED DEPARTMENTAL REPRESENTATIVE FAIRLY CONCEDED THAT THE TAX EFFECT INVOLVED IN THIS APPEAL IS LESS THAN ` 10 LAKHS. BAJAJ BHAWAN OWNERS PREMISES CO - OPERATIVE SOCIETY LTD. 2 ACCORDINGLY, BY FOLLOWING THE CIRCULAR NO. 21/2015 DATED 10.12.2015 ISSUED BY CBDT, WE DISMISS THE APPEAL FILED BY THE REVENUE. 3. THE ASSESSEE HAS FILED THE CROSS OBJECTION ONLY TO SUPPORT THE ORDER PASSED BY THE LEARNED CIT(A) AND HENCE IT DOES NOT REQUIRE ANY ADJUDICATION. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE AND CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMISSED. ORDER HAS BE EN PRONOUNCED IN THE COURT ON 5 .1 2 .2016 SD/ - SD/ - (AMIT SHUKLA ) (B.R.BASKARAN) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED : 5 / 1 2 / 2 0 1 6 COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT(A) 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. BY ORDER, //TRUE COPY// ( DY./ASSTT. REGISTRAR) ITAT, MUMBAI P S