STOCK TRADERS P.LTD, MUMBAI V. DCIT (OSD) 2(3), MUMBAI

ITA 937/MUM/2015

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 8926 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-01-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2010-2011
• Appeal Filed On: 10-02-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BEENA SANTOSH
• Assessee Lawyers: ANKIT JAINAR

Judgement Text

, B BB B INCOME TAX APPELLATE TRIBUNAL,MUMBAI - E BENCH , IOU IOUIOU IOU , BEFORE S/SH. RAJENDRA, ACCOUNTANT MEMBER & PAWAN SINGH, JUDICIAL MEMBER /.ITA NO.937/MUM/2015, /ASSESSMENT YEAR-2010-11 M/S STOCK TRADERS PRIVATE LIMITED 63, SONAWALA CHS, BOMBAY SAMACHAR MARG, FORT, MUMBAI-400001 PAN: AAACS7235A VS. DCIT (OSD)-2(3), ROOM NO. 552, 5 TH FLOOR, AAYAKAR BHAVAN, M.K. MARG, MUMBAI-400020. ( / APPELLANT) ( / RESPONDENT) ! / ASSESSEE BY : SHRI ANKIT JAIN(AR) / REVENUE BY : M/S BEENA SANTOSH (DR) ' / DATE OF HEARING : 12 -01-2017 ! '( / DATE OF PRONOUNCEMENT :12 -01-2017 , 1961 ' 254(1) #$ ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) PER PAWAN SINGH, J.M. IOU IOUIOU IOU : 1. THE PRESENT APPEAL BY ASSESSEE U/S 253 OF THE INCOM E-TAX ACT IS DIRECTED AGAINST THE ORDER OF LD. COMMISSIONER OF INCOME-TAX (APPEALS)-6, MUMB AI (FOR SHORT THE CIT(A) DATED 14.10.2014 FOR ASSESSMENT YEAR(AY) 2010-11 RAISING ONLY ONE GROUND OF APPEAL IS THAT LD. CIT(A) ERRED IN CONFIRMING THE DISALLOWANCE OF FOREIGN AIR TRAVEL EXPENSES BY WIFE OF THE DIRECTOR OF THE ASSESSEE-COMPANY . 2. AT THE OUTSET OF THE PROCEEDING, THE LD. AUTHORIZED REPRESENTATIVE (AR) OF THE ASSESSEE MADE THE STATEMENT THAT HE HAS INSTRUCTION NOT TO P RESS THE GROUNDS OF APPEAL RAISED IN THE PRESENT APPEAL. THE LD. DEPARTMENTAL REPRESENTATIVE (DR) FOR THE REVENUE HAS NO OBJECTION, IF THE ASSESSEE IS ALLOWED TO WITHDRAW THE APPEAL. 3. CONSIDERING THE STATEMENT OF LD. AR OF THE ASSESSEE , THE PRESENT APPEAL IS TREATED AS DISMISSED, AS THE GROUNDS RAISED IN THE PRESENT APP EAL ARE NOT PRESSED. AS A RESULT, APPEAL FILED BY THE ASSESSEE S TANDS DISMISSED. *'+ ,-' . / ! 01 UK 2 ! ' 3 . ORDER PRONOUNCED IN THE OPEN COURT ON 12 TH JANUARY,2017. 5 ! 6 7 12 ( , 201 7 ! 01 ; SD/- SD/- ( / RAJENDRA ( IOU IOUIOU IOU / PAWAN SINGH)) ( / ACCOUNTANT MEMBER # ( / JUDICIAL MEMBER 1 /MUMBAI, 7 /DATE: 12.01.2017 SK 2 ITA NO. 937/M/2015 M/S STOCK TRADERS PRIVATE LIMITE D ' )*+ ,+ / COPY OF THE ORDER FORWARDED TO : 1. ASSESSEE / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ ., ( <' , 4. THE CONCERNED CIT / ., <' 5. DR E BENCH, ITAT, MUMBAI / =>0 '?, B BB B , . . . 1 6. GUARD FILE/ 0 *1 =' ' //TRUE COPY// 5 / BY ORDER, / DY./ASST. REGISTRAR ( ?, , 1 /ITAT, MUMBAI