USHDEV INTERNATIONAL LTD., MUMBAI V. DCIT- CC - 4(2), MUMBAI

ITA 3209/MUM/2018

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 3304 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 11 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-04-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2008-2009
• Appeal Filed On: 13-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL "F" BENCH, MUMBAI SHRI OM PRAKASH KANT, ACCOUNTAT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER I.T.A. No. 3209/Mum/2018 (Assessment Year: 2008-09) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 + (Appellant) (Respondent) I.T.A. No. 3794/Mum/2018 (Assessment Year: 2008-09) Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 Vs. M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R (Appellant) (Respondent) I.T.A. No. 1770/Mum/2018 (Assessment Year: 2009-10) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) I.T.A. No. 1790/Mum/2018 (Assessment Year: 2009-10) Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 Vs. M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R (Appellant) (Respondent) 2 I.T.A. No. 1771/Mum/2018 (Assessment Year: 2010-11) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) I.T.A. No. 1791/Mum/2018 (Assessment Year: 2010-11) Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 Vs. M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R (Appellant) (Respondent) I.T.A. No. 1772/Mum/2018 (Assessment Year: 2012-13) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) I.T.A. No. 1792/Mum/2018 (Assessment Year: 2012-13) Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 Vs. M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R (Appellant) (Respondent) 3 I.T.A. No. 2909/Mum/2018 (Assessment Year: 2011-12) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) I.T.A. No. 2910/Mum/2018 (Assessment Year: 2014-15) M/s Ushdev International Ltd. 6 th New Harileela House, Mint Road, Fort, Mumbai - 400001 PAN : AAACU1672R Vs. Deputy Commissioner of Income Tax Central Circle-4(2), Mumbai, Room No. 1918m 19 th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) Appearance For the Assessee : None For the Department : Sh. Achal Sharma, CIT DR Sh. S N Kabra, Sr. AR Date of conclusion of hearing : 14.03.2022 Date of pronouncement of order : 29.04.2022 O R D E R Per Bench: 1. The present batch of appeals being cross-appeals for Assessment Years 2008-09 (ITA No. 3209 & 3794 /Mum/2018), 2009-2010, (ITA No. 1770 & 1790/Mum/2018) 2010-11 (ITA No. 1771&1791/Mum/2018), and 2012-13 (ITA No. 1772 & 1792/Mum/2018), and Assessee’s Appeal for the Assessment Year 2011-2012 (ITA No. 2909 /Mum/2018), and 2014-2015 (ITA No. 2910/Mum/2018) were taken up for hearing. The Ld. Departmental Representative informed that vide order, dated 14.05.2018, petition [CP No. 1790/I&BC/NCLT/MB/MAH/2017] filed by State Bank of India 4 against the Assessee under Section 7 of the Code was admitted. Thereafter, vide order dated 03.02.2022, passed in IA No. 1447/MB/C-II/2021 in CP(IB) No. 1790/MB/C-II/2017, resolution plan was approved by the National Company Law Tribunal, Mumbai Bench, Court II. As per the said order, all past liabilities arising out of any levies/tax dues to any government authority not forming part of the resolution plan and pertaining to pre-corporate insolvency resolution process period stand extinguished. In view of the aforesaid, the present appeals are disposed of as being infructuous with liberty to the Assessee/Revenue to approach the Tribunal in case of variation/change in the order dated 03.02.2022 and/or the approved resolution plan. 2. In result, the appeals are dismissed. Order pronounced on 29.04.2022. Sd/- Sd/- (Om Prakash Kant) Account Member (Rahul Chaudhary) Judicial Member म ुंबई Mumbai; दिन ुंक Dated : 29.04.2022 Alindra, PS आदेश की प्रतितिति अग्रेतिि/Copy of the Order forwarded to : 1. अपील र्थी / The Appellant 2. प्रत्यर्थी / The Respondent. 3. आयकर आय क्त(अपील) / The CIT(A)- 4. आयकर आय क्त / CIT 5. दिभ गीय प्रदिदनदि, आयकर अपीलीय अदिकरण, म ुंबई / DR, ITAT, Mumbai 6. ग र्ड फ ईल / Guard file. आिेश न स र/ BY ORDER, सत्य दपि प्रदि //True Copy// उप/सह यक पुंजीक र /(Dy./Asstt. Registrar) आयकर अपीलीय अदिकरण, म ुंबई / ITAT, Mumbai 5