SOPARIWALA EXPORTS, V. DCIT CEN CIR 44,

MA 415/MUM/2014

• Counselvise Citation: [2015] 124 COUNSELVISE.COM (IT) 2705 (ITAT-MUMBAI)
• Duration Of Justice: 1 month(s) 25 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 14-01-2015
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Assessment Year: 2003-2004
• Appeal Filed On: 19-11-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: J PREMANAND DR C
• Assessee Lawyers: KRUPA P TOPRANI AR A B
• Keywords: Rectification of order
• Section: 80HHC

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL E BE NCH, MUMBAI , BEFORE SHRI VIJAY PAL RAO, JM, AND SHRI D. KARUNA KARA RAO, AM / !'#$%&'(&)*$# +,- / !'#$.&'(&)*$# /010,2 ''3 '4 5 6 ./ 78 !'1)%9&'(&)**: +,- 78 !'.;9#&'(&)**: ( / ASSESSMENT YEAR : 2003-04 AND 2004-05) M/S. SOPARIWALA EXPORTS 21A, NIRMAL BLDG. NARIMAN POINT MUMBAI-400 021. / VS. DY. COMMISSIONER OF INCOME - TAX , CENTRAL CIRCLE-44 AAYAKAR BHAVAN M.K. ROAD MUMBAI-400 020. < 6 ./ = 6 ./PAN/GIR NO. : AACFS 6325 E ( APPLICANT / ) .. ( >?<@ / RESPONDENT ) A B / APPLICANT BY : SHRI PANKAJ R. TOPRANI AND MS. KRUPA P. TOPRANI (AR) >?<@ A B / RESPONDENT BY : SHRI J. PREMANAND - (DR) C A D / DATE OF HEARING : 02/01/2015 EFG A D / DATE OF PRONOUNCEMENT : 14/01/2015 H / O R D E R PER VIJAY PAL RAO, JM : THESE MISCELLANEOUS APPLICATIONS BY THE ASSESSEE AR E FOR SEEKING RECTIFICATION OF MISTAKE IN THE ORDER DATED 29/04/2011 OF THIS TRIBU NAL WHEREBY APPEALS OF THE ASSESSEE FOR ASSESSMENT YEARS 2003-04 AND 2004-05 WERE DISPO SED OF. 2 MA NO.415 & 416/2014 SOPARIWALA EXPORTS 2. WE HAVE HEARD THE LD. AR AS WELL AS THE LD. DR A ND CONSIDERED THE RELEVANT MATERIAL ON RECORD. THE GRIEVANCE OF THE ASSESSEE I N THE PRESENT MISCELLANEOUS APPLICATION IS REGARDING THE DEDUCTION U/S. 80HHC W ITH REFERENCE TO DEPB LICENCE. THE TRIBUNAL WHILE DECIDING THIS ISSUE IN PARA 9.5 HAS FOLLOWED THE JUDGMENT OF THE HON'BLE JURISDICTIONAL HIGH COURT IN THE CASE OF CIT VS. KA LPATARU COLOURS & CHEMICALS (328 ITR 451) AND ACCORDINGLY SET ASIDE THE ISSUE TO THE REC ORD OF THE AO FOR READJUDICATION IN THE LIGHT OF THE JUDGMENT OF HON'BLE HIGH COURT . THE ASSESSEE HAS NOW POINTED OUT THAT THE JUDGMENT OF HON'BLE HIGH COURT IN CASE OF KALPATARU COLOURS & CHEMICALS HAS BEEN REVERSED BY THE HON'BLE SUPREME COURT IN THE C ASE OF TOPMAN EXPORTS (342 ITR 49)(SC). WE FIND THAT THIS JUDGMENT OF THE HON'BLE SUPREME COURT IN CASE OF TOPMAN EXPORTS HAS REVERSED THE JUDGMENT OF HON'BLE HIGH CO URT IN THE CASE OF KALPATARU COLOURS & CHEMICALS. ACCORDINGLY, A MISTAKE CREPT I N THE IMPUGNED ORDER OF THE TRIBUNAL IN PARA 9.5 WHICH REQUIRES TO BE RECTIFIED . SINCE THE ISSUE IS NOW SETTLED BY THE JUDGMENT OF HON'BLE SUPREME COURT IN THE CASE OF TO PMAN EXPORTS (SUPRA), ACCORDINGLY, WE MODIFY THE FINDING IN PARA 9.5 OF T HE IMPUGNED ORDER AND ACCORDINGLY THE AO IS DIRECTED TO ADJUDICATE THE ISSUE IN THE L IGHT OF THE JUDGMENT OF HON'BLE SUPREME COURT IN THE CASE OF TOPMAN EXPORTS(SUPRA). 3. IN THE RESULT, THE MISCELLANEOUS APPLICATIONS OF THE ASSESSEE ARE ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 14/01/2015 . H A EFG C I J6K 14/01/2015 F A L SD/- SD/- ( D.KARUNAKARA RAO ) ( VIJAY PAL RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER C6M MUMBAI; J6 DATED 14/01/2015 . . ./ JV, SR. PS 3 MA NO.415 & 416/2014 SOPARIWALA EXPORTS / COPY OF THE ORDER FORWARDED TO : 1. 5<@ / THE APPELLANT 2. >?<@ / THE RESPONDENT. 3. CN ( 5 ) / THE CIT(A)- 4. CN / CIT 5. OL >D , 5 5 , C6M / DR, ITAT, MUMBAI 6. LP Q / GUARD FILE. ! ! ! ! / BY ORDER, ?D >D //TRUE COPY// ' '' ' / !# !# !# !# $ $ $ $ (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI