DCIT 3(2), MUMBAI V. PRINCIPAL CONSULTING (I) P.LTD, MUMBAI

ITA 4/MUM/2014

• Counselvise Citation: [2015] 121 COUNSELVISE.COM (IT) 0765 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 5 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-06-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 01-01-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 14A

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, MUMBAI , , BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER AND SHRI N.K . BILLAIYA, A CCOUNTANT M EMBER / I .T.A. NO . 04 /MUM/ 2014 ( / ASSESSMENT YEAR : 2010 - 11 THE DCIT 3(2), AAYAKAR BHAVAN, MUMBAI - 400 020 / VS. M/S. PRINCIPAL CONSULTING (I) PVT. LTD., 1 ST FLOOR, MAKER BHAVAN - II, 18, SIR VITHALDAS THAKERSAY MARG, NEW MARINE LINES, MUMBAI - 400 020 ./ ./ PAN/GIR NO. : AABCP 1093L ( / APPELLANT ) .. ( / RESPONDENT ) / APPELLANT BY: SHRI MANVENDRA GOYAL / RESPONDENT BY : NONE / DATE OF HEARING : 0 4 . 0 6 .2015 / DATE OF PRONOUNCEMENT : 0 4 .0 6 .2015 / O R D E R PER N.K. BILLAIYA, AM: THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE LD. CIT(A) - 7 , MUMBAI DT. 1 0. 10 .201 3 PERTAINING TO ASSESSMENT YEAR 2010 - 11 . ITA. NO. 4/M/2014 2 2. THE SOLE GRIEVANCE OF THE REVENUE IS THAT THE LD. CIT(A) ERRED IN DELETING THE DISALLOWANCE OF RS. 10,21,831/ - MADE U/S. 14A OF THE ACT. 3. AT THE VERY OUTSET, THE LD. DEPARTMENTAL REPRESENTATIVE WAS FAIR ENOUGH TO POINT OUT THAT THE TAX EFFECT IN THE PRESENT APPEAL IS COVERED BY CBDT INSTRUCTION NO. (F.NO. 279/MISC.142/2007 - ITJ (PT) DT. 10.7.2014 . 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED. OR DER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ON 4 TH JUNE , 2015 . SD/ - SD/ - ( JOGINDER SING H ) (N.K. BILLAIYA) /JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI ; DATED : 4 TH JUNE , 2015 . . ./ RJ , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 4. / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE . / BY ORDER, //TRUE COPY// / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI