INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LTD, V. ASST CIT CIR 10(1),

MA 295/MUM/2015

• Counselvise Citation: [2016] 124 COUNSELVISE.COM (IT) 4340 (ITAT-MUMBAI)
• Duration Of Justice: 4 month(s) 19 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 06-05-2016
• Appeal Filed By: Assessee
• Bench Allotted: G
• Assessment Year: 2000-2001
• Appeal Filed On: 18-12-2015
• Court: TRIBUNAL
• Assessee Lawyers: D V LAKHANI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI BEFORE S/SHRI B.R. BASKARAN (AM) & AMIT SHUKLA (JM) M.A. NO. 295/MUM/2015 ARISING OUT OF I.T.A. NO. 6768 /MUM/ 2003 (ASSESSMENT YEAR 2000 - 01 ) M.A. NO. 296/MUM/2015 ARISING OUT OF I.T.A. NO. 7631/MU M/2003 (ASSESSMENT YEAR 2001 - 02) INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD. PLOT NO. C - 22 G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI - 400 051. VS. ACIT CIRCLE 10(1) AAYAKAR BHAVAN M.K. ROAD NEW MARINE LINES MUMBAI - 400 020. ( APPELLANT ) ( R ESPONDENT ) PAN NO. AAACI0989F ASSESSEE BY SHRI D.V. LAKHANI DEPARTMENT BY SHRI ABHINAY KUMBHAR DATE OF HEARING 6 .5 . 201 6 DATE OF PRONOUNCEMENT 6 . 5 . 201 6 O R D E R PER B.R. BASKARAN, A M : - BOTH THESE MISCELLANEOUS APPLICATIONS HAVE BEEN F ILED BY THE ASSESSEE SEEKING RECTIFICATION OF TYPOGRAPHICAL ERROR THAT HAS CREPT IN THE IMPUGNED ORDER OF THE TRIBUNAL ORDER PASSED ON 17.12.2014. 2. LEARNED AR POINTED THAT THE ASSESSMENT YEAR REFERRED TO IN FIRST LINE OF PARA NO. 6 OF THE ORDER SHOULD B E 1999 - 2000 & 2000 - 01. HOWEVER, IT HAS BEEN WRONGLY REFERRED TO AS A.Y. 1999 - 2000 & 2001 - 02. HE ALSO POINTED OUT THAT THE ASSESSMENT YEAR 2001 - 02 HAS BEEN WRONGLY OMITTED TO BE INCLUDED IN PARA NO. 8. ACCORDINGLY HE PRAYED FOR RECTIFICATION OF THE ABOVE SAID MISTAKES. 3. L EARNED DEPARTMENTAL REPRESENTATIVE ALSO CONCURRED WITH THE DEFECTS POINTED OUT BY LEARNED AR. INFRASTRURE LEASING AND FINANCIAL SERVICES 2 4. ACCORDINGLY, WE RECTIFY THE IMPUGNED ORDER OF THE TRIBUNAL AS UNDER : - A) IN PARA NO. 6 OF THE ORDER , THE EXPRESSION 2001 - 02SHALL BE SUB STITUTED BY 2000 - 01. B) IN PARA NO. 8 , IN THE SECOND LINE , AND 2001 - 02SHALL BE INSERTED AFTER 1999 - 2000. WE RECTIFY THE ORDER ACCORDINGLY. 5. IN THE RESULT, BOTH THE MISCELLANEOUS APPLICATIONS ARE ALLOWED. ORDER HAS BEEN PRONOU NCED IN THE OPEN CO URT ON 6 .5 .2016 . SD/ - SD/ - (AMIT SHUKLA ) (B.R.BASKARAN ) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED : 6 / 5 /20 1 6 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 PS