ADDL CIT RG 1(1), MUMBAI V. RELIANCE INFRASTRUCTURE LTD ( FORMERLY M.S, RELIANCE ENERGY LTD), MUMBAI

ITA 5478/MUM/2011

• Counselvise Citation: 547819914 RSA 2011
• Duration Of Justice: 2 year(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-08-2013
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 31-07-2013
• Assessment Year: 2006-2007
• Appeal Filed On: 25-07-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANTOSH KUMAR
• Assessee Lawyers: JITENDRA SANGHAVI
• Keywords: Business income

Judgement Text

, , , , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES D, MUMBAI .. , ! ' # , $ ', % BEFORE SHRI R.S.SYAL, AM AND SHRI VIVEK VARMA, JM ITA NO.5478/MUM/2011 : ASST.YEAR 2006-2007 THE ADDL.COMMISSIONER OF INCOME-TAX RANGE 1(1) MUMBAI. M/S.RELIANCE INFRASTRUCTURE LIMITED (FORMERLY M/S.RELIANCE ENERGY LTD.) RELIANCE ENERGY CENTRE SANTACRUZ (EAST), MUMBAI 400 055. PAN : AACCR7446Q. ( &' / // / APPELLANT) ) ) ) ) / VS. ( *+&'/ RESPONDENT) &' , ,, , - - - - / APPELLANT BY : SHRI SANTOSH KUMAR (CIT-DR) *+&' , - , - , - , - / RESPONDENT BY : SHRI JITENDRA SANGHAVI ) , .! / / / / DATE OF HEARING : 01.08.2013 /01 , .! / DATE OF PRONOUNCEMENT : 07.08.2013 ' 2 ' 2 ' 2 ' 2 / / / / O R D E R PER R.S.SYAL (AM) : THIS APPEAL BY THE REVENUE ARISES OUT OF THE ORDER PASSED BY THE COMMISSIONER OF INCOME-TAX (APPEALS) ON 29.03.2 011 IN RELATION TO THE ASSESSMENT YEAR 2006-2007. 2. THE ONLY GROUND IS AGAINST THE DIRECTION OF THE LEARNED CIT(A) FOR ALLOWING DEDUCTION U/S 80-IA TO THE EXTENT OF G ROSS TOTAL INCOME AND NOT TO THE EXTENT OF NET BUSINESS INCOME. 3. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED T HE RELEVANT MATERIAL ON RECORD. SHORN OFF UNNECESSARY DETAILS I T IS NOTICED THAT SIMILAR ISSUE WAS RAISED BY THE REVENUE IN ITS APPE AL FOR ASSESSMENT ITA NO.5478/MUM/2011. M/S.RELIANCE INFRASTRUCTURE LIMITED. 2 YEAR 2007-200. THE TRIBUNAL HAS DECIDED THIS ISSUE IN ASSESSEES FAVOUR VIDE ITS ORDER DATED 28.09.2011 IN ITA NO.56 92/MUM/2010. IT HAS BEEN BROUGHT TO OUR NOTICE THAT THE REVENUE CHA LLENGED THE TRIBUNAL ORDER BEFORE THE HONBLE BOMBAY HIGH COURT . THE REVENUE RAISED QUESTION (D) BEFORE THE HONBLE HIGH COURT I N THIS REGARD. THE HONBLE HIGH COURT REFUSED TO ENTERTAIN QUESTION NO . (D). A COPY OF THE JUDGMENT DELIVERED BY THE HONBLE BOMBAY HIGH C OURT IS AVAILABLE ON RECORD. IN VIEW OF THE FACT THAT THE I SSUE RAISED IN THE PRESENT APPEAL HAS BEEN DECIDED IN THE WAY IDENTIC AL TO THAT DECIDED BY THE HONBLE HIGH COURT, WE SEE NO REASON TO INTE RFERE WITH THE FINDING GIVEN BY THE LEARNED CIT(A). 4. 3 .4 $) 3. , 5 !36 , 6. 78 IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED ON THIS 07 TH DAY OF AUGUST, 2013. ' 2 , /01 9')4 0 , : SD/- SD/- (VIVEK VARMA) (R.S.SYAL) $ ' $ ' $ ' $ ' / JUDICIAL MEMBER ! ' ! ' ! ' ! ' / ACCOUNTANT MEMBER MUMBAI ; 9') DATED : 07 TH AUGUST, 2013. DEVDAS* ITA NO.5478/MUM/2011. M/S.RELIANCE INFRASTRUCTURE LIMITED. 3 ' 2 , *$.;# < #1. ' 2 , *$.;# < #1. ' 2 , *$.;# < #1. ' 2 , *$.;# < #1./ COPY OF THE ORDER FORWARDED TO : 1. &' / THE APPELLANT 2. *+&' / THE RESPONDENT. 3. = () / THE CIT, MUMBAI. 4. = / CIT(A) I, MUMBAI. 5. #@: *$.$) , , / DR, ITAT, MUMBAI 6. : A / GUARD FILE. ' 2) ' 2) ' 2) ' 2) / BY ORDER, +#. *$. //TRUE COPY// B B B B/ // /7 6 7 6 7 6 7 6 ( DY./ASSTT. REGISTRAR) , , , , / ITAT, MUMBAI