MAHANAGAR GAS LTD, M,UMBAI V. JCIT RG 6(3), MUMBAI

ITA 5274/MUM/2008

• Counselvise Citation: [2011] 134 COUNSELVISE.COM (IT) 8520 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 5 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-02-2011
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 14-07-2010
• Assessment Year: 2004-2005
• Appeal Filed On: 18-08-2008
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: NARESH KUMAR BALODIA
• Section: 143(3)

Judgement Text

I.T.A NO.5274/ MUM/2008 MAHANAGAR GAS LTD. 1 IN THE INCOME TAX APPELLATE TRIBUNAL, B BENCH, MUMBAI. [ CORAM: D.MANMOHAN, V.P. AND PRAMOD KUMAR, AM ] I.T.A NO.5274/ MUM/2008 ASSESSMENT YEAR: 2004-05 MAHANAGAR GAS LTD. .. APPELLANT MGL HOUSE, G-33, BANDRA KURLA COMPLEX, OPP ICICI TOWERS, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI. PA NO.ABBCM 4604 G VS JCIT, RANGE 6(3) ,. RESPONDEN T AAYAKAR BHAVAN, M.K. ROAD, MUMBAI. APPEARANCES: P.P.JAYARAMAN FOR THE APPELLANT NARESH KUMAR BALODIA, FOR THE RESPONDENT O R D E R PER PRAMOD KUMAR: 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER DATED 23 RD JUNE, 2008, IN THE MATTER OF ASSESSMENT UNDER SECTION 143(3) OF TH E INCOME TAX ACT, 1961, FOR THE ASSESSMENT YEAR 2004-05. THE ONLY GROUND RAISED IN THIS APPEAL IS AGAINST CONFIRMATION OF ADHOC ADDITION OF ` .25,00,000/- ON ACCOUNT OF COMPENSATION FROM CUSTOMERS. I.T.A NO.5274/ MUM/2008 MAHANAGAR GAS LTD. 2 2. WHEN THIS APPEAL WAS CALLED ON FOR HEARING, SHRI P.P.JAYARAMAN, LEARNED COUNSEL FOR THE ASSESSEE, REQUESTED FOR WITHDRAWAL OF THE APPEAL, TO WHICH, THE LEARNED D.R. HAD NO OBJECTION. IN VIEW OF THIS, WE PERMIT THE ASSESSEE TO WITHDRAW ITS APPEAL. 3. IN THE RESULT, THE APPEAL STANDS DISMISSED AS WI THDRAWN. PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARI NG ON 9 TH FEBRUARY, 2011. SD/- (D.MANMOHAN ) (VICE PRESIDENT) SD/- (PRAMOD KUMAR) (ACCOUNTANT MEMBER) MUMBAI, DATED 9 TH FEBRUARY, 2011 PARIDA COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. COMMISSIONER OF INCOME TAX (APPEALS),XXV, MUMBA I 4. COMMISSIONER OF INCOME TAX, 6 , MUMBAI 5. DEPARTMENTAL REPRESENTATIVE, BENCH B, MUMBAI //TRUE COPY// BY ORDER ASSTT. REGISTRAR, ITAT, MUMBAI I.T.A NO.5274/ MUM/2008 MAHANAGAR GAS LTD. 3 I.T.A NO.5274/ MUM/2008 MAHANAGAR GAS LTD. 4