Smt. Punitaben Kalpeshbhai Patel, Ahmedabad V. The ACIT,Central Circle-1(1), Now, ACIT, Circle-10, Ahmedabad

MA 179/AHD/2013

• Counselvise Citation: [2014] 124 COUNSELVISE.COM (IT) 1566 (ITAT-AHMEDABAD)
• Duration Of Justice: 5 month(s) 4 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-03-2014
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 21-02-2014
• Assessment Year: 2002-2003
• Appeal Filed On: 03-10-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: K C MATHEWS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD A BENCH BEFORE: SRI D.K TYAGI, JUDICIAL MEMBER AND SHRI N.S. SAINI, ACCOUNTANT M EMBER SMT. PUNITABEN KALPESHBHAI PATEL, NIRMA HOUSE, ASHRAM ROAD, AHMEDABAD PAN: AAVPP9688G (APPELLANT) VS ACIT, CENTRAL CIRCLE-1(1), AHMEDABAD (RESPONDENT) REVENUE BY: SRI K.C. MATHEWS, SR.D.R. ASSESSEE BY: SRI HIMANSHU SHAH, A.R. DATE OF HEARING : 21-02-2014 DATE OF PRONOUNCEMENT : 07-03-20 14 / ORDER PER : D.K. TYAGI, JUDICIAL MEMBER:- THROUGH THIS MA ASSESSEE WANTS US TO RECALL YOUR O UR ORDER DATED 21- 06-2013 ON THE GROUND THAT FOLLOWING ADDITIONAL GRO UND HAS NOT BEEN ADJUDICATED BY THE HONBLE TRIBUNAL. M.A. NO. 179/AHD/2013 (ARISING OUT OF ITA NO. 1255/AHD/2006) ASSESSMENT YEAR 2002-03 MA NO. 179/AHD/2013 (IN I.T.A NO.1255/AHD/2006) A.Y. 2002-03 PAGE PUNITABEN KALPESHBHAI PATEL VS. ACIT 2 IN LAW AND IN THE FACTS OF THE APPELLANTS CASE, T HE ADDITION OF RS. 50,185/- BEING NOTIONAL ACCRUED INTEREST ON OPTIONA LLY FULLY CONVERTIBLE PREMIUM NOTES (OFCPNS) OF NIRMA INDUSTR IES LTD MAY BE DELETED. THIS SUBMISSION OF THE ASSESSEE WAS FOUND CORRECT A ND THEREFORE OUR ORDER DATED 21-06-2013 IS HEREBY RECALLED TO THE EXTENT O F ADJUDICATING ABOVE MENTIONED ADDITIONAL GROUND ONLY. 2. IN THE RESULT, MA FILED BY THE ASSESSEE IS ALLOW ED. ORDER PRONOUNCED IN OPEN COURT ON THE DATE MENTIONE D HEREINABOVE AT CAPTION PAGE SD/- SD/- (N.S. SAINI) ( D.K. TYAGI) ACCOUNTANT MEMBER J UDICIAL MEMBER AHMEDABAD : DATED 07/03/2014 AK / COPY OF ORDER FORWARDED TO:- 1. ASSESSEE 2. REVENUE 3. CONCERNED CIT 4. CIT (A) 5. DR, ITAT, AHMEDABAD 6. GUARD FILE. BY ORDER/ , / ,