ACC LIMITED (FORMERLY KNOWN AS THE ASSOCIATED CEMENT COMPANIES LTD.), MUMBAI V. DCIT - LTU, MUMBAI

ITA 416/MUM/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 4494 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-01-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 05-01-2016
• Assessment Year: 1987-1988
• Appeal Filed On: 17-01-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: I SHRI PRAVIN KUMAR
• Keywords: Tax effect

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI BEFORE S/SHRI B.R.BASKARAN , AM AND AMARJIT SINGH , JM ./ I.T.A. NO . 415 & 416 / MUM/ 201 4 ( / ASSESSMENT YEA R : 1986 - 87 & 1987 - 88 ) ACC LIMITED, (FORMERLY KNOWN AS THE ASSOCIATED CEMENT COMPANIES LTD),CEMENT HOUSE, 121, M K ROAD, MUMBAI - 400020 / VS. DY.COMMISSIONER OF INCOME TAX LTU, MUMBAI . ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN. : AAACT1507C / APPELLANT BY SHRI SOUMEN ADAK / RESPONDENT BY I SHRI PRAVIN KUMAR / DATE OF HEARING : 5.1.2016 / DATE OF PRONOUNCEMENT: 5.1.2016 / O R D E R P ER B ENCH THE ASSESSEE HAS FILED THESE APPEALS CHALLENGING THE SEPARATE ORDERS PASSED BY LD CIT(A) - 24, MUMBAI FOR THE ASSESSMENT YEARS 1986 - 87 AND 1987 - 88. 2. THE ASSESSEE HAS MOVED PETITIONS DATED 05 - 01 - 2016, WHEREIN IT IS STATED THAT THE ASSESSEE WISHES TO WITHDRAW THE APPEAL ON THE REASONING OF LOW TAX EFFECT. THESE PETITIONS WERE BROUGHT TO THE NOTICE OF THE LD D.R AND HE DID NOT OPPOSE TO THE SAME. ACCORDINGLY, WE ALLOW THE ASSESSEE TO ITA NO. 415 AND 416 / MUM/ 201 4 2 WITHDRAW THESE APPEALS. ACCO RDINGLY, THESE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. 3. IN THE RESULT, BOTH THE APPEALS OF THE ASSESSEE ARE DISMISSED. PRONOUNCED ACCORDINGLY ON 5TH JAN UARY , 2016 . 5TH JANUAARY, 2016 SD SD ( AMARJIT SINGH ) ( B.R. BASKARAN) JUDI CIAL MEMBER ACCOUNTANT MEMBER MUMBAI: 5T H JANUARY, 201 5 . . . ./ SRL , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPON DENT. 3. ( ) / THE CIT(A) - CONCERNED 4. / CIT CONCERNED 5. , , / DR, ITAT, MUMBAI CONCERNED 6. / GUARD FILE. / BY ORDER, TRUE COPY (ASSTT. REGISTRAR) , /ITAT, MUMBAI