DCIT 13(3)(2), MUMBAI V. VASUKAMAL LEASING & CONSTRUCTION P.LTD, MUMBAI

ITA 5505/MUM/2015

• Counselvise Citation: [2015] 121 COUNSELVISE.COM (IT) 2148 (ITAT-MUMBAI)
• Duration Of Justice: 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 03-12-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI , , , BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER, AND SHRI ASHWANI TANEJA, ACCOUNTANT MEMBER ITA NO.5478 /MUM/2015 ASSESSMENT YEAR: 2010-11 ACIT-27(1), ROOM NO.411, 4 TH FLOOR, TOWER NO.6, VASHI STATION COMPLEX, MUMBAI-400703 / VS. SHRI DILIP MANOHARLAL THAPAR, THAPAR HOUSE, NEXT TO AKABARALI, PLOT NO.603, CHEMBUR, MUMBAI-400071 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. ACDPT4322K ITA NO.3801/MUM/2015 ASSESSMENT YEAR: 2010-11 DCIT, CIR-7(3)(2), ROOM NO.622, AAYAKAR BHAVAN, M.K. ROAD, CHURCHGATE, MUMBAI-400020 / VS. M/S PRINCEWARE INTERNATIONAL P. LTD. (OLD NAME PRINCE PLASTICS INTERNATIONAL PVT. LTD.), OMKAR ESQUARE, 7 TH FLOOR, EASTERNA EXPRESS HIGHWAY, SION EAST, MUMBAI ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAACP3346H 2 ITA NO.2363/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT, (TDS)-1(3), ROOM NO.703, 7 TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S JASLOK HOSPITAL & RESEARCH CENTRE, 15, DR. G.DESHMUKH MARG, MUMBAI-400026 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AABCD3857G (AS PER CIT(A) ORDER) PAN NO.AAAAJ0028Q (AS PER ASSESSMENT ORDER) ITA NO.2369/MUM/2015 ASSESSMENT YEAR: 2009-10 ITO-33(3)(4), C-11, R. NO.307, PRATYAKSHA KAR BHAVAN, B.K.C., BANDRA (EAST), MUMBAI-400051 / VS. M/S SHAH & MODY DEVELOPERS 8,SAHAYOG, M.G. CROSS, ROAD NO.3, KANDIVALI WEST, MUMBAI-400067 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AANFS7217A ITA NO.2375/MUM/2015 ASSESSMENT YEAR: 2006-07 ITO, (TDS)-1(3)(4), ROOM NO.708, 7 TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S MAREDIA DEVELOPERS, A-202, AMAN CO-OP. HSG. SOCIETY LTD. TAPOVAN, RANI SATI MARG, MALAD(E), MUMBAI-400097 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAGFM2999A ITA NO.2380/MUM/2015 ASSESSMENT YEAR: 2010-11 THE ACIT-33(1), ROOM NO.308, 3 RD FLOOR, BLDG. NO.C-11, PRATYAKSHA KAR BHAVAN, B.K.C., BANDRA (EAST), MUMBAI-400051 / VS. M/S HIRAL HOMES, 43/A, GHANSHYAM NAGAR, TRIKAMDA ROAD, KANDIVALI(W), MUMBAI-400067 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAEFH5118C 3 ITA NO.5567/MUM/2015 ASSESSMENT YEAR: 2012-13 ITO-1(3)(1), 5 TH FLOOR, ROOM NO.541 AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S ROYAL BUSINESS CENTRE PVT. LTD. 301, MARINE CHAMBERS, 43, NEW MARINE LINES, MUMBAI-400020 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAACR3188D ITA NO.5509/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VISHWAROOP PROPERTIES PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AAA CCV3094Q ITA NO.2468/MUM/2015 ASSESSMENT YEAR: 2012-13 ACIT-14(1)(1), ROOM NO.460, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. MR. ANDREW JOHNY KANNANIKAL, 1801, TORINO, HIRANANDANI GARDENS, POWAI, MUMBAI-400076 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AHJPK2094G ITA NO.5517/MUM/2015 ASSESSMENT YEAR: 2012-13 ITO-27(3)(5), 4 TH FLOOR, TOWER NO.6, VASHI RLY. STATION COMPLEX, VASHI, NAVI MUMBAI-400703 / VS. VARGHESH JOSEPH K. BLDG. NO.99, ROOM NO.3509, TILAK NAGAR, CHEMBUR, MUMBAI-400089 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AHWPK2198Q 4 ITA NO.5485/MUM/2015 ASSESSMENT YEAR: 2010-11 DCIT, CC-7(3), ROOM NO.655, 6 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. SHRI PRAVINCHANDRA N. KAMDAR, 316, LOHA BHAVAN, P.D. MELLO ROAD, CARNAC BUNDER, MUMBAI-400009 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AADPK0725D ITA NO.5574/MUM/2015 ASSESSMENT YEAR: 2011-12 ACIT-4(3)(2), ROOM NO.649, 6 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S LA-FIN FINANCIAL SERVICES PVT. LTD. 12, DAMODAR NIWAS, 32/34, CP TANK ROAD, MUMBAI-400004 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AACL2320D ITA NO.5499/MUM/2015 ASSESSMENT YEAR: 2010-11 ITO(EXEMP)-2(3), 513, 5 TH FLOOR, PIRAMAL CHAMBERS, LALBAUG, MUMBAI-400012 / VS. SHRI KUTCHI KADVA PATIDAR GNYATI TRUST FUND, PATIDAR WADI, LBS MARG, GHATKOPAR (WEST), MUMBAI-400086 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AACTS0647K ITA NO.5504/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VASUKAMAL LESSORS & DEVELOPERS PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AACTS0647K 5 ITA NO.5486/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT, CC-7(3), ROOM NO.655, 6 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. SHRI PRAVINCHANDRA N. KAMDAR, 316, LOHA BHAVAN, P.D. MELLO ROAD, CARNAC BUNDER, MUMBAI-400009 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AADPK0725D ITA NO.5503/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VASUKAMAL PROPERTIES PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AACCV3093K ITA NO.1990/MUM/2015 ASSESSMENT YEAR: 2010-11 ACIT-19(1), 2 ND FLOOR, MATRU MANDIR, TARDEO ROAD, MUMBAI-400007 / VS. SHRI BAHRAM N VAKIL, NEPTUNE COURT, NEPEAN SEA ROAD, MUMBAI-400006 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AABPV1253D ITA NO.5505/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VASUKAMAL LEASING & CONSTRUCTION PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AACCV3091M 6 ITA NO.5508/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VASUKAMAL PROPERTIES PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AACCV3093K ITA NO.5471/MUM/2015 ASSESSMENT YEAR: 2011-12 ACIT-13(2)(2), 1 ST FLOOR, ROOM NO.146, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S SHAF BROADCAST PVT. LTD. R-401, REMI BIZ COURT, SHAH INDUSTRIAL ESTATE, ANDHERI (EAST), MUMBAI-400053 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AABCS4182M ITA NO.5510/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT-13(3)(2), ROOM NO.229, 2 ND FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S VISHWAROOP PROPERTIES PVT. LTD. 301, 3 RD FLOOR, PLATINA, PLOT C- 59, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA(EAST), MUMBAI-400051 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AAACCV3094Q ITA NO.3936/MUM/2015 ASSESSMENT YEAR: 2011-12 ITO, (TDS)-1(2)(2), ROOM NO.812, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S FAVINDIA OVERSEAS PRIVATE LIMITED, 1 ST FLOOR, UNIT NO. 105 TO 108, COMET BUILDING, GURUNANAK ROAD, NEAR BANDRA STATION, BANDRA(W), MUMBAI-400050 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AACF0782H 7 ITA NO.5484/MUM/2015 ASSESSMENT YEAR: 2009-10 DCIT, CC-7(3), ROOM NO.655, 6 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. SHRI PRAVINCHANDRA N. KAMDAR, 316, LOHA BHAVAN, P.D. MELLO ROAD, CARNAC BUNDER, MUMBAI-400009 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AADP K0725D ITA NO.2000/MUM/2015 ASSESSMENT YEAR: 2009-10 ITO-32(1)(5), ROOM NO.203, C-11, 2 ND FLOOR, PRATYAKSHA KAR BHAVAN, B.K.C., BANDRA (EAST), MUMBAI-400051 / VS. HIMANSHU N. SHAH (HUF), G2/3, GAJLAXMI APARTMENT, OFF. RAM MANDIR ROAD, BORIVALI WEST, MUMBAI-400092 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AACHH8404D ITA NO.2376/MUM/2015 ASSESSMENT YEAR: 2009-10 ITO, (TDS)-1(3)(4), ROOM NO.708, 7 TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S MAREDIA DEVELOPERS, A-202, AMAN CO-OP. HSG. SOCIETY LTD. TAPOVAN, RANI SATI MARG, MALAD(E), MUMBAI-400097 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAGFM2999A ITA NO2722/MUM/2015 ASSESSMENT YEAR: 2011-12 ITO, (TDS)-2(3), ROOM NO.1013, 10 TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S YASH RAJ FILMS PVT. LTD. 5, SHAH INDUSTRIAL ESTATE, VEERA DESAI ROAD, ANDHERI (WEST), MUMBAI-400053 ( / REVENUE) ( ! /ASSESSEE) PAN. NO. AAGFM2999A 8 ITA NO2362/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT, (TDS)-1(3), ROOM NO.703, 7TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD, MUMBAI-400002 / VS. M/S JASLOK HOSPITAL & RESEARCH CENTRE, 15, DR. G.DESHMUKH MARG, MUMBAI-400026 ( / REVENUE) ( ! /ASSESSEE) PAN. NO.AABCD3857G (AS PER CIT(A) ORDER) PAN NO.AAAAJ0028Q (AS PER ASSESSMENT ORDER) # $ % !& / DATE OF HEARING : 21/12/2015 % !& / DATE OF ORDER: 21/12/2015 / O R D E R PER BENCH THIS BUNCH OF TWENTY SEVEN APPEALS IS BY THE REVENU E IN THE CASES OF DIFFERENT ASSESSEES CHALLENGING THE IM PUGNED RESPECTIVE ORDER OF DIFFERENT DATES, PASSED BY THE LD. FIRST APPELLATE AUTHORITY. 2. AT THE OUTSET, IT WAS BROUGHT TO OUR NOTICE THA T THE TAX EFFECT IN THE RESPECTIVE APPEAL IS BELOW PRESCR IBED MONETARY LIMIT. THIS FACTUAL MATRIX WAS NOT CONTROV ERTED BY THE RESPECTIVE LD. DR. ! ! / ASSESSEE BY SHRI DEEPAK TRALSHWALA, VINITA SHAH, AND AS MENTIONED IN THE RESPECTIVE APPEAL ! / REVENUE BY MS. N.V. NADKARNI, SHRI SHRIDHAR, SHRI J. SARVANAM 9 2.1. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD. WE NOTE T HAT THE TAX EFFECT IN THE RESPECTIVE APPEAL IS BELOW THE PRESCR IBED MONETARY LIMIT OF RS.10 LAKH. 2.2. IN VIEW OF THE FACT THAT THE TAX EFFECT IN T HE RESPECTIVE APPEAL IS BELOW PRESCRIBED MONETARY LIMIT, AS CONTA INED IN CBDT INSTRUCTION NO.3/2011 DATED 09/02/2011, FURTHE R INSTRUCTION NO.5/2014 (F NO.279/MISC./142/2007-IT(P T) DATED 10/07/2014, THE CBDT REVISED THE MONETARY LIM IT FOR FILING THE APPEAL BEFORE VARIOUS AUTHORITIES/COURTS VIDE CBDT CIRCULAR NO.21 OF 2015, DATED 10/12/2015 (F NO.279/MISC./142/2007-IT(PT), WITH RETROSPECTIVE EF FECT AND ADVISED/DIRECTED THE DEPARTMENT NOT TO FILE APPEAL IN THE CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE FOLLOWING MONETARY LIMIT.:- SL. NO. APPEAL S IN INCOME TAX MATTERS MONETARY LIMIT (IN RS.) 1. BEFORE ITAT 10,00,000/ - 2. U/S 260 A BEFORE HONBLE HIGH COURT 20,00,000/ - 3. BEFORE HONBLE SUPREME COURT 25,00,000/ - AS PER THE AFORESAID INSTRUCTION/REVISED MONETARY L IMIT, THE DEPARTMENT IS NOT TO FILE APPEAL BEFORE THE TRI BUNAL, WHEREIN, THE TAX EFFECT IS LESS THAN RS.10,00,000/- , CONSEQUENTLY, THESE APPEALS OF THE REVENUE ARE NOT MAINTAINABLE. THEREFORE, IN VIEW OF UNCONTROVERTED CONTENTION 10 OF THE LD. DR AND THE AFOREMENTIONED CIRCULAR OF CB DT, THE APPEALS OF THE REVENUE ARE DISMISSED AS NOT MAINTAI NABLE. FINALLY, THE APPEALS OF THE REVENUE ARE DISMISSED A S NOT MAINTAINABLE. THIS ORDER WAS PRONOUNCED IN THE OPEN COURT IN THE PRESENCE OF THE LD. REPRESENTATIVE FROM BOTH SIDES AT THE CONCLUSION OF THE HEARING ON 21/12/2015. SD/- SD/- ( ASHWANI TANEJA ) (JOGINDER SINGH) '!# / ACCOUNTANT MEMBER $!# /JUDICIAL MEMBER # $ MUMBAI; ' DATED : 21/12/2015 F{X~{T? P.S/. . . %$&'()(*& / COPY OF THE ORDER FORWARDED TO : 1. )*+, / THE APPELLANT (RESPECTIVE ASSESSEE) 2. -.+, / THE RESPONDENT. 3. / / # 0! ( )* ) / THE CIT, MUMBAI. 4. / / # 0! / CIT(A)- , MUMBAI, 5. 23 -! , / )*& )4 , # $ / DR, ITAT, MUMBAI 6. 5 $ / GUARD FILE. ! / BY ORDER, .2*! -! //TRUE COPY// /! (DY./ASSTT. REGISTRAR) , # $ / ITAT, MUMBAI