INDOCEAN TOOLS P.LTD, MUMBAI V. ITO,NFAC, DELHI

ITA 2192/MUM/2023

AI Insights

The case involves M/s. Indocean Tools Pvt. Ltd., which filed an appeal against an order dated 28.02.2023 from the National Faceless Appeal Centre (NFAC), specifically the Commissioner of Income Tax (Appeals), Delhi. The appeal was heard by the Income Tax Appellate Tribunal in Mumbai. The details of the dispute, the arguments presented by both sides, and the specific legal issues at stake are not provided in the text. The hearing took place on 25.09.2023, and the pronouncement date was 27.09.2023, but the document does not specify the outcome of the case.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 125466 (ITAT-MUMBAI)
• Duration Of Justice: 3 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-09-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 24-09-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 13-06-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND Ms. PADMAVATHY. S, ACCOUNTANT MEMBER ITA No.2192 /Mum/2023 Assessment Year: 2017-18 M/s.Indocean Tools P. Ltd., Unit No.B/006, Gr.Floor, Boolani Estate, Off Link Road, Andheri (W), Mumbai, Maharashtra-400 053. v. The Income Tax Officer, Income Tax Department, National e-Assessment Centre, New Delhi. [PAN: AABCB 0098 B] (Appellant) (Respondent) Appellant by : None Respondent by : Shri H.M.Bhatt, Sr.DR Date of Hearing : 25.09.2023 Date of Pronouncement : 27.09.2023 O R D E R PER KULDIP SINGH, JM: The appellant, M/s.Indocean Tools Pvt. Ltd., (hereinafter referred to as ‘the assessee’) by filing the present appeal, sought to set aside the impugned order dated 28.02.2023 passed by National Faceless Appeal Centre (NFAC) [Commissioner of Income Tax (Appeals), Delhi, qua