MARTIN AND HARRIS LABORATORIES LTD, MUMBAI V. PR CIT 1, MUMBAI

ITA 3465/MUM/2017

• Counselvise Citation: [2017] 126 COUNSELVISE.COM (IT) 8677 (ITAT-MUMBAI)
• Duration Of Justice: 5 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-10-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 12-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: V JANARDHANAN LD
• Assessee Lawyers: SUMIT LALCHANDAN I L D
• Keywords: Revision of order
• Section: 263

Judgement Text

ITA.NO.3465/MUM/2017 MARTIN & HARRIS LABORATORIES LIMITED ASSESSMENT YEAR-2012-13 IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, MUMBAI . . , , BEFORE SHRI D.T. GARASIA, JM AND SHRI MANOJ KUMAR AGGARWAL, AM ./I.T.A. NO.3465/MUM/2017 ( / ASSESSMENT YEAR: 2012-13) MARTIN & HARRIS LABORATORIES LIMITED APEEJAY CHAMBERS, WELLANCE STREET, FORT MUMBAI-400 001 / VS. PRINCIPAL COMMISSIONER OF INCOME TAX-1 ROOM NO.387,3 RD FLOOR AAYKAR BHAVAN,M.K.ROAD MUMBAI-400 020 ! ./ ./PAN/GIR NO. AABCM-0832-A ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) A SSESSEE BY : SUMIT LALCHANDAN I, L D.AR RE VENUE BY : V.JANARDHANAN, LD. SR. DR / DATE OF HEARING : 23/10/2017 / DATE OF PRONOUNCEMENT : 25/10/2017 / O R D E R PER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. THE CAPTIONED APPEAL BY ASSESSEE FOR ASSESSMENT YEAR [AY] 2012-13 PRIMARILY CONTEST INVOCATION OF REVISIONAL JURISDICTION U/S 263 BY ITA.NO.3465/MUM/2017 MARTIN & HARRIS LABORATORIES LIMITED ASSESSMENT YEAR-2012-13 2 LD. PR. COMMISSIONER OF INCOME TAX-1, MUMBAI VIDE O RDER DATED 29/03/2017. 2. THE LD. COUNSEL FOR ASSESSEE [AR], AT THE OUTSET , DREW OUR ATTENTION TO THE FACT THAT THE ASSESSEE HAS NO GRIE VANCE AGAINST THE CONSEQUENTIAL ORDER PASSED BY THE LOWER AUTHORITIES AND THEREFORE, THE ASSESSEE WAS NO MORE INTERESTED IN PURSUING THE PRE SENT APPEAL AND WANTS TO WITHDRAW THE SAME. A REQUEST IN THIS REGAR D HAS BEEN PLACED ON RECORD VIDE LETTER DATED 17/10/2017. THE LD. SR. DR RAISED NO OBJECTION AGAINST THE SAME. 3. IN VIEW OF THE ABOVE, THE ASSESSEES APPEAL STAN DS DISMISSED IN LIMINE. ORDER PRONOUNCED IN THE OPEN COURT ON 25 TH OCTOBER, 2017. SD/- SD/- (D.T. GARASIA) (MANOJ KUMAR AGGARW AL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 25.10.2017 SR.PS:- THIRUMALESH ! / COPY OF THE ORDER FORWARDED TO : 1. !# / THE APPELLANT 2. $%!# / THE RESPONDENT 3. + ( ) / THE CIT(A) 4. + / CIT CONCERNED 5. $'- , - , / DR, ITAT, MUMBAI 6. . / GUARD FILE / BY ORDER, / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI