ADDITIONAL COMMISSIONER OF INCOME TAX RANGE 2(3), MUMBAI V. INDUSIND BANK LIMITED, MUMBAI

MA 144/MUM/2017

• Counselvise Citation: [2018] 124 COUNSELVISE.COM (IT) 6946 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 4 month(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 10-07-2018
• Order Result: Partly Allowed
• Bench Allotted: I
• Assessment Year: 2010-2011
• Appeal Filed On: 10-03-2017
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: V JUSTIN
• Assessee Lawyers: KARTHIK NATARAJAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES I , MUMBAI BEFORE S HRI R.C. SHARMA (AM) AND SHRI RAM LAL NEGI (JM) M .A. N O. 144 / MUM /2017 ( ARISING OUT OF ITA NO. 3591 /MUM /201 4 ) ( ASSESSMENT YEAR : 2010 11 ) M/S INDUSIND BANK LTD., 8 TH FLOOR, TOWER - 1, ONE INDIABULLS CENTRE, 841, S.B. MARG, ELPHINSTONE ROAD, MUMBAI - 400013 PAN: AAACI1314G VS. THE ASSTT. COMMISSIONER OF INCOME TAX, RANGE 2(3), AAYKAR BHAVAN, MUMBAI (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI KARTHIK NATARAJAN (AR) REVENU E BY : SHRI V. JUSTIN (DR) DATE OF HEARING: 18/05 /201 8 DATE OF PRONOUNCEMENT: 10 / 07 /201 8 O R D E R PER RAM LAL NEGI, JM VIDE M.A. NO. 144/MUM/2017, THE ASSESSEE BANK HAS BROUGHT TO OUR NOTICE THAT THE TRIBUNAL IN ITS ORDER DATED 13.04.2016 PASSED IN THE MAIN APPEAL ITA NO. 3591/MUM/2014 REMANDED GROUND NO. 1 TO 4 RAISED BY THE APPLICANT/ASSESSEE TO THE FILE OF ASSESSING OFFICER FOR FRESH ADJUDICATION AND DECIDE THE SAME IN THE LIGHT OF THE DECISION RENDERED BY THE CO - ORDINATE BENCH IN ASSESSEES OWN CASE ITA NO. 375/MUM/2012 AND OTHERS DATED 12.11.2014, WHEREAS THE TRIBUNAL HAS DECIDED THE ASSESSEES OWN CASE HAVING IDENTICAL ISSUES FOR THE ASSESSMENT YEAR 2002 - 03 AND 2005 - 06 TO 2009 - 10 VIDE ORDER D ATED 17.06.2015. 2. THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT ITA NO. 375/MUM/2012 DATED 12.11.2014 REFERRED BY THE TRIBUNAL PERTAINS TO HDFC BANK LTD. AND THE COMBINED ORDER RELIED UPON BY THE ASSESSEE PERTAINS TO THE ASSESSEE FOR THE 2 M .A. NO . 144 /MUM/2017 ASSESSMENT YEAR S : 2010 - 11 ASSESSMENT YE AR S 2002 - 03 AND 2005 - 06 TO A.Y. 2009 - 10 DATED 17.06.2015 AND THE ITA NOS. ARE ALSO DIFFERENT. THERE F ORE, THERE IS A MISTAKE APPARENT IN THE SAID ORDER, WHICH IS REQUIRED TO BE RECTIFIED. THE LD. DEPARTMENTAL REPRESENTATIVE DID NOT CONTROVERT THE ISSUE RAIS ED BY THE LD. COUNSEL FOR THE APPLICANT/ASSESSEE. 3. WE HAVE PERUSED THE ORDER IN THE LIGHT OF THE SUBMISSIONS MADE BY THE LD. COUNSEL FOR THE ASSESSEE. WE NOTICE THAT THE TRIBUNAL HAS WRONGLY MENTIONED IN ORDER DATED 13.04.2016 THAT REFERRING TO GROUND NOS.1 TO 4, THE LD. COUNSEL FOR THE AASSESSEE SUBMITTED THAT THE ISSUES RAISED IN THESE GROUNDS ARE ONE AND THE SAME ADJUDICATED BY THE TRIBUNAL IN THE ASSESSEES OWN CASE VIDE ITA NO. 375/MUM/2012 AND OTHERS, DATED 12.11.2014 . IN FACT THE TRIBUNAL HAD DE CIDED THE IDENTICAL GROUNDS IN ASSESSEES OWN APPEALS ITA NOS . 2839/MUM/2008, A.Y. 2002 - 03, 553/MUM/2011 A.Y. 2002 - 03, ITA NO. 7998/MUM/2010 A.Y. 2005 - 06, ITA NO. 8318/MUM/2010 A.Y. 2005 - 06, ITA NO. 1879/MUM/2011 A.Y. 2006 - 07, C.O. NO. 194/MUM/2013 ARISING OUT OF ITA NO. 1879/MUM/2011 A.Y. 2006 - 07, ITA NO. 555/MUM/2011 A.Y. 2006 - 07, ITA NO. 3864/MUM/2011 A.Y. 2007 - 08, ITA NO. 4820/MUM/2011 A.Y. 2007 - 08, ITA NO. 7051/MUM/2011 A.Y. 2008 - 09, ITA NO. 7482/MUM/2011 A.Y. 2008 - 09 AND ITA NO. 1244/MUM/2013 A.Y. 200 9 - 10 DATED 17.06.2015. HENCE, I N OUR CONSIDERED VIEW, SINCE, THERE IS A MISTAKE APPARENT IN THE AFORESAID ORDER OF THE TRIBUNAL , THE SAME IS REQUIRED TO BE RECTIFIED. 4. THEREFORE, BY WAY OF THIS CORRIGENDUM, WE RECTIFY THE MISTAKE APPARENT AND REPLACE T HE INCORRECT ITA NO. 375/M/2012 AND OTHERS, DATED 12.11.2014 APPEARING IN THE LAST LINE OF PARA 2 OF THE ORDER DATED 13.04.2016 WITH CORRECT ITA NOS . 2839/MUM/2008, A.Y. 2002 - 03, 553/MUM/2011 A.Y. 2002 - 03, ITA NO. 7998/MUM/2010 A.Y. 2005 - 06, ITA NO. 8318/M UM/2010 A.Y. 2005 - 06, ITA NO. 1879/MUM/2011 A.Y. 2006 - 07, C.O. NO. 194/MUM/2013 ARISING OUT OF ITA NO. 1879/MUM/2011 A.Y. 2006 - 07, ITA NO. 555/MUM/20111 A.Y. 3 M .A. NO . 144 /MUM/2017 ASSESSMENT YEAR S : 2010 - 11 2006 - 07, ITA NO. 3864/MUM/2011 A.Y. 2007 - 08, ITA NO. 4820/MUM/2011 A.Y. 2007 - 08, ITA NO. 7051/MUM /2011 A.Y. 2008 - 09, ITA NO. 7482/MUM/2011 A.Y. 2008 - 09 AND ITA NO. 1244/MUM/2013 A.Y. 2009 - 10 DATED 17.06.2015. 5. SO FAR AS THE SUBMISSION OF THE ASSESSEE REGARDING GROUND NO 2 OF THE APPEAL IS CONCERNED, SINCE THE BENCH HAS REMANDED ALL THE FOUR GROUNDS FOR FR E SH ADJUDICATION, WE DO NOT FIND ANY MISTAKE APPARENT TO RECTIFY THE SAME. ACCORDINGLY, WE DIRECT THE AO TO DECIDE GROUND NO. 1 TO 4 OF THE APPEAL IN THE LIGHT OF THE DECISION DATED 17.06.2015 RENDERED BY THE COORDINATE BENCH IN ASSESSEES OWN APPEA LS , RELIED UPON BY THE ASSESSEE. IN THE RESULT, MISC. APPLICATION FILED BY THE ASSESSEE FOR A SSESSMENT YEAR 2010 - 2011 IS PARTLY ALLOWED. SD/ - SD/ - ( R.C. SHARMA ) ( RAM LAL NEGI ) ACCOUNTANT MEM BER JUDICIAL MEMBER MUMBAI ; DATED: 10 / 0 7 / 2018 ALINDRA, PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 4 . / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE . / BY ORDER, //TRUE COPY// / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI