DDIT (E)1(1), MUMBAI V. M.I.G. CRICKET CLUB, MUMBAI

ITA 2674/MUM/2012

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 83902 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 5 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-10-2014
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 14-10-2014
• Assessment Year: 2008-2009
• Appeal Filed On: 20-04-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHRIVIVEK BATRA
• Assessee Lawyers: JAYANT GOKHALE
• Section: 11

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL B BE NCH, MUMBAI , !' # # # # , , !' $ BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER AND SHRI VIVEK VARMA, JUDICIAL MEMBER ./I .T.A. NO. 2674/MUM/2012 ( % % % % / ASSESSMENT YEAR : 2008-09 THE DDIT (E)1 (1), PIRAMAL CHAMBERS, PAREL, MUMBAI / VS. M.I.G. CRICKET CLUB, MIG COLONY, BANDRA (E), MUMBAI-400 051 '& ./ '( ./ PAN/GIR NO. : AAATM 1035F ( &) / APPELLANT ) .. ( *+&) / RESPONDENT ) &) , / APPELLANT BY: SHRIVIVEK BATRA *+&) - , / RESPONDENT BY: SHRI JAYANT GOKHALE - ./ / DATE OF HEARING :14.10.2014 01% - ./ / DATE OF PRONOUNCEMENT :14.10.2014 !2 / O R D E R PER N.K. BILLAIYA, AM: THIS IS AN APPEAL BY THE REVENUE PREFERRED AGAINST THE ORDER OF THE LD. CIT(A)-1, MUMBAI DT.23.2.2012 PERTAINING TO A.Y .2008-09. 2. THE SOLE GRIEVANCE OF THE REVENUE IS THAT THE LD . CIT(A) ERRED IN HOLDING THAT THE ASSESSEE-TRUST IS ENTITLED TO EXE MPTION U/S. 11 OF THE ACT. ITA NO. 2674/M/2012 2 3. A PERUSAL OF THE ORDER OF THE LD. CIT(A) SHOWS T HAT HE HAS FOLLOWED THE DECISION OF THE TRIBUNAL FOR A.YRS 199 8-99 TO 2001-02. 4. THE LD. COUNSEL FOR THE ASSESSEE BROUGHT TO OUR NOTICE TO THE ORDER OF THE HONBLE JURISDICTIONAL HIGH COURT IN THE CAS E OF THE ASSESSEE FOR A.YRS 2006-07 AND 2002-03 AND ANOTHER ORDER OF THE JURISDICTIONAL HIGH COURT IN INCOME TAX APPEAL (L) NOS. 2378 TO 2381 O F 2009. 5. WE HAVE CAREFULLY PERUSED THE ORDER OF THE TRIBU NAL AND THE ORDER OF THE HONBLE JURISDICTIONAL HIGH COURT IN THE CAS E OF THE ASSESSEE. WE FIND THAT THE HONBLE HIGH COURT HAS CONFIRMED THE FINDINGS OF THE TRIBUNAL IN ALLOWING THE EXEMPTION U/S. 11 OF THE A CT TO THE ASSESSEE. RESPECTFULLY FOLLOWING THE JUDICIAL DECISIONS REFER RED TO HEREINABOVE, APPEAL FILED BY THE REVENUE IS DISMISSED. 6. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 14 TH OCTOBER, 2014 SD/- SD/- (VIVEK VARMA ) (N.K. BILLAIYA) !' / JUDICIAL MEMBER !' / ACCOUNTANT MEMBER MUMBAI; 3! DATED : 14 TH OCTOBER, 2014 . . ./ RJ , SR. PS ITA NO. 2674/M/2012 3 !2 !2 !2 !2 - -- - *. *. *. *. 4%. 4%. 4%. 4%. / COPY OF THE ORDER FORWARDED TO : 1. &) / THE APPELLANT 2. *+&) / THE RESPONDENT. 3. 5 ( ) / THE CIT(A)- 4. 5 / CIT 5. 67 *. , , / DR, ITAT, MUMBAI 6. 78 9 / GUARD FILE. !2 !2 !2 !2 / BY ORDER, +. *. //TRUE COPY// : :: : / ; ; ; ; ' ' ' ' (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI