METMIN INVESTMENT AND TADING P. LTD, MUMBAI V. DCIT WD 3(2), MUMBAI

ITA 7145/MUM/2010

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 84392 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 1 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-12-2014
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 09-12-2014
• Assessment Year: 2006-2007
• Appeal Filed On: 18-10-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIVEK PRE MPURNA
• Assessee Lawyers: HARESH G BUCH

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH B, MUMBAI BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER AND SHRI AMIT SHUKLA, JUDICIAL MEMBER ITA NOS. 7144 & 7145/MUM/2010 ASSESSMENT YEARS: 2005-06 & 06-07 METMIN INVESTMENT AND TRADING PVT. LTD. 161/162, MITTAL COURT, A WING, NARIMAN POINT, MUMBAI- 400 021 PAN: AACCM 2480 P VS. DCIT WD-3(2) MUMBAI (APPELLANT) (RESPON DENT) ASSESSEE BY : SHRI HARESH G. BUCH REVENUE BY : SHRI VIVEK PRE MPURNA DATE OF HEARING : 09.12.2014 DATE OF ORDER : 09 . 12 .2014 O R D E R PER BENCH THE AFORESAID APPEALS HAVE BEEN FILED BY THE ASSESS EE FOR THE A.Y. 2005-06 AND 2006-07, MAINLY CHALLENGING THE DI SALLOWANCE U/S 14A. 2. AT THE TIME OF HEARING, LEARNED COUNSEL FILED A LETTER DATED 09.12.2014 STATING THAT THE ASSESSEE HAS INSTRUCTED TO WITHDRAW THE APPEALS AS TAX IMPLICATION ON THE ISSUE INVOLVED IS QUITE LESS. LD. DR ALSO HAS NO OBJECTION. 3. ACCORDINGLY IN VIEW OF THE REQUEST MADE BY THE A SSESSEE WITHDRAWING THE APPEAL, WE TREAT THE APPEAL DISMISS ED AS WITHDRAWN. ITA NOS. 7144 & 7145/MUM/2010 METMIN INVESTMENT AND TRADING PVT. LTD. ASSESSMENT YEARS: 2005-06 & 06-07 2 4. IN THE RESULT, BOTH THE APPEAL FILED BY THE ASSESSEE IS DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON THIS 09 TH DAY DECEMBER, 2014. SD/- SD/- (N.K. BILLAIYA) (AMIT SHUKLA) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI, DATED: 09.12.2014 *SRIVASTAVA COPY TO: THE APPELLANT THE RESPONDENT THE CIT, CONCERNED, MUMBAI THE CIT(A) CONCERNED, MUMBAI THE DR B BENCH //TRUE COPY// BY ORDER DY/ASSTT. REGISTRAR, ITAT, MUMBAI.