A.C.I.T.-1(1), MUMBAI V. GRAVISS HOSPITALITY LTD, MUMBAI

ITA 5772/MUM/2011

• Counselvise Citation: [2012] 119 COUNSELVISE.COM (IT) 9507 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 3 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2012
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 22-11-2012
• Assessment Year: 2007-2008
• Appeal Filed On: 12-08-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 14A

Judgement Text

. , IN THE INCOME TAX APPELLATE TRIBUNAL SMC , BENCH MUMBAI , BEFORE SHRI R.K.GUPTA , J M ITA NO. 5 772 / MUM/ 20 1 1 ( ASSESSMENT YEA R : 200 7 - 20 0 8 ) ACIT 1(1), MUMBAI VS. M/S GRAVISS HOSPITALITY LTD., 135, NETAJI SUBASH ROAD, MARINE DRIVE, MUMBAI - 20 . PAN/GIR NO. : AAACT 0048 E ( APPELLANT ) .. ( RESPONDENT ) /REVENUE B Y : MR. ROOPAK KUMAR /ASSESSEE BY : MR. JITENDRA JAIN DATE OF HEARING : 2 2 ND NOV. , 2012 DATE OF PRONOUNCEMENT : 27 TH NOV .,2012 O R D E R THIS IS AN APPEAL BY THE DEPA RTMENT AGAINST THE ORDER DATED 24 - 5 - 2011 OF LEANED CIT(A) - 1 , MUMBAI RELATING TO THE ASSESSMENT YEAR 200 7 - 0 8 . 2. TH E DEPARTMENT IS OBJECTING THE RESTRICTING THE DISALLOWANCE TO RS. 1,37,701/ - AGAINST RS. 8,54,741/ - MADE UNDER SECTION 14A READ WITH RULE 8D OF THE ACT. 3 . THE TAX EFFECT IN THE APPEAL OF THE DEPARTMENT IS LESS THAN RS. 3,00,000/ - , THEREFORE, THE APPEAL OF THE DEPARTMENT IS NOT ITA NO. 5772 /20 1 1 2 MAINTAINABLE AS PROVIDED UNDER SECTION 268 - A OF THE ACT. ACCORDINGLY, I DISMISS THE APPEAL OF THE DEPARTMENT IN LIMINE. 4 . IN THE RESULT, APPEAL OF THE DEPARTMENT IS DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON THIS 27 TH DAY OF NOV. 2012. NOV. , 2012 SD/ - ( ) ( R.K.GUPTA ) / JUDICIAL MEMBER MUMBAI ; DATED : 27 TH NOV. / 2012 . /PKM , PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) - X, MUMBAI. 4. / CIT 5. / DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY// / BY ORDER, ( DY./ASSTT. REGISTRAR) / ITAT, MUMBAI