PFIZER LIMITED, MUMBAI V. ACIT-10(3)(2)(ERSTWHILE DCIT-8(2), MUMBAI

ITA 2613/MUM/2016

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 0120 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 10 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-03-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2007-2008
• Appeal Filed On: 11-04-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T A KHANDR
• Section: 143(3)

Judgement Text

, INCOME-TAX APPELLATE TRIBUNAL -CBENCH MUMBAI , , BEFORE S/SH.RAJENDRA,ACCOUNTANT MEMBER AND AMARJIT SINGH,JUDICIAL MEMBER ./I.T.A./2613/MUM/2016, / ASSESSMENT YEAR: 2007-08 PFIZER LIMITED THE CAPITAL, 1802/1901 PLOT NO.C-70, G-BLOCK, BANDRA KURLA COMPLEX,BANDRA (E),MUMBAI-400 051. PAN:AAACP 3334 M VS. ACIT-10(3)(2) (ERSTWHILE DCIT-8(2)) AAYAKAR BHAVAN, M.K. ROAD MUMBAI-400 020. ( /APPELLANT ) ( / RESPONDENT) / REVENUE BY: SHRI T.A. KHAN-DR /ASSESSEE BY: SHRI KIRIT KAMDAR / DATE OF HEARING: 08/02/2018 / DATE OF PRONOUNCEMENT: 01.03.2018 , / PER RAJENDRA, AM - CHALLENGING THE ORDER DATED 23/12/2015 OF THE CIT(A )- 17, MUMBAI,THE ASSESSEE HAS FILED THE PRESENT APPEAL.ASSESSEE- COMPANY ,ENGAGED IN TH E BUSINESS OF MANUFACTURING AND TRADING IN PHARMACEUTICALS,FILED ITS RETURN OF INCOME ON 31/10/2007 DECLARING TOTAL INCOME AT RS.363. 79 CRORES.THE ASSESSING OFFICER (AO)COMPLETED ASSES SMENT,ON 21/10/201, U/S. 143(3) R.W.S. 144C(13) OF THE ACT, DETERMINING ITS INCOME AT RS.5 52.25/- CRORES. 2. DURING THE COURSE OF HEARING BEFORE US, THE AUTHORI SED REPRESENTATIVE STATED THAT THE ORDER OF THE AO WAS CHALLENGED BEFORE THE FIRST APPELLAT E AUTHORITY (FAA), THAT HE HAD RESTORED BACK THE ISSUE TO THE FILE OF THE AO FOR FRESH ADJU DICATION, THAT THE AO,WHILE GIVING APPEAL EFFECT HAD ALLOWED THE CLAIM OF THE ASSESSEE,THAT T HE APPEAL FILED BEFORE THE TRIBUNAL HAD BECOME INFRUCTUOUS.IN THE BACKGROUND OF THE ABOVE E VENTS,THE APPEAL FILED HAS BECOME INFRUCTUOUS. SO, WE DISMISS THE SAME. IN THE RESULT, APPEAL FILED BY THE ASSESSEE STANDS DISMISSED. ! ' #$% &'() . ORDER PRONOUNCED IN THE OPEN COURT ON 1 ST MARCH, 2018. &* + ' 01 &, , 2018 SD/- SD /- ( / AMARJIT SINGH ) ( / RAJENDRA ) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; /DATED : 01.3.2018. JV.SR.PS. / COPY OF THE ORDER FORWARDED TO : 1. APPELLANT / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ , 4. THE CONCERNED CIT / 5. DR C BENCH, ITAT, MUMBAI / , , . . . 2613/M/16-PFIZER LTD. 2 6. GUARD FILE/ //TRUE COPY// / BY ORDER, / DY./ASST. REGISTRAR , /ITAT, MUMBAI.