DCIT 24(3), V. ROVER WRITING INVESTMENTS,

MA 484/MUM/2011

• Counselvise Citation: [2012] 123 COUNSELVISE.COM (IT) 9443 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 15 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 05-10-2012
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: K
• Assessment Year: misc
• Appeal Filed On: 20-09-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: OM PRAKASH MEENA
• Section: 80HHC

Judgement Text

, , , , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES K, MUMBAI .. , ! ' , # !, $ BEFORE SHRI R.S.SYAL, AM AND SHRI VIVEK VARMA, JM '' !% ./ MA NO.484/MUM/2011 ( '() * / ARISING OUT OF ITA NOS.5047 & 5048/MUM/2007) ( #% + #% + #% + #% + / / / / ASSESSMENT YEARS : 1999-2000 AND 2000-2001) THE DY.COMMISSIONER OF INCOME-TAX CIRCLE 24(3) MUMBAI. M/S.ROVER WRITING INSTRUMENTS 23 PIRAMAL INDS. ESTATE NO.4 S.V.ROAD, GOREGAON (WEST) MUMBAI 400 062. PAN : AAAFR7374Q. ( ! / // / APPLICANT) % % % % / VS. ( ,-.// RESPONDENT) ! 0 00 0 1 1 1 1 / APPLICANT BY : SHRI OMPRAKASH MEENA ,-./ 0 1 0 1 0 1 0 1 / RESPONDENT BY : SHRI SATISH MODY % 0 ) / / / / DATE OF HEARING : 05.10.2012 23+ 0 ) / DATE OF PRONOUNCEMENT : .05.10. 2012 !4 !4 !4 !4 / / / / O R D E R PER R.S.SYAL, AM : THROUGH THIS MISCELLANEOUS APPLICATION U/S.254(2) O F THE INCOME-TAX ACT, 1961, THE REVENUE WANTS THAT THE T RIBUNAL ORDER DIRECTING THE RECOMPUTATION OF DEDUCTION U/S 80HHC IN ACCORDANCE WITH THE DECISION OF THE SPECIAL BENCH OF THE TRIBU NAL IN THE CASE OF TOPMAN EXPORTS VS. ITO [318 ITR 87 (AT)] SHOULD BE REVERSED IN VIEW OF THE LATER JUDGMENT OF THE HONBLE JURISDICT IONAL HIGH COURT IN THE CASE OF KALPATARU COLOURS & CHEMICALS IN ITA LODG. NO.2887 OF 2009. MA NO.464 /MUM/2011 M/S.ROVER WRITING INSTRUMENTS. 2 2. AFTER CONSIDERING THE RIVAL SUBMISSIONS AND PERU SING THE RELEVANT MATERIAL ON RECORD WE OBSERVE THAT THE ORD ER PASSED BY THE SPECIAL BENCH OF THE TRIBUNAL IN THE CASE OF TOPMAN EXPORTS (SUPRA), THOUGH REVERSED BY THE HONBLE JURISDICTIONAL HIGH COURT IN THE CASE OF KALPATARU COLOURS & CHEMICALS (SUPRA) , HAS BEEN THEREAFTER UPHELD BY THE HONBLE SUPREME COURT IN THE CASE OF TOPMAN EXPORTS [(2012) 342 ITR 49 (SC)] . THE NET EFFECT OF THE JUDGMENT GIVEN BY THE HONBLE SUPREME COURT IS THAT THE JUDGMENT REND ERED BY THE HONBLE JURISDICTIONAL HIGH COURT IN THE CASE OF KALPATARU COLOURS & CHEMICALS (SUPRA) IS NO MORE A GOOD LAW AND RESULTANTLY THE VIEW TAKEN BY THE TRIBUNAL IN THE CASE OF TOPMAN EXPORTS (SUPRA) HAS BECOME FINAL. IN THE LIGHT OF THE ABOVE DISCUSSION IT IS APPARENT THAT THE IMPUGNED ORDER DIRECTING THE A.O. TO FOLLOW THE SPECIAL BENCH ORDER IN THE CASE OF TOPMAN EXPORTS (SUPRA), DOES NOT REQUIRE ANY MODIFICATION. 3. IN THE RESULT, THE MISCELLANEOUS APPLICATION IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 05 TH DAY OF OCTOBER, 2012. !4 0 23+ 5!%6 3 0 7 SD/- SD/- (VIVEK VARMA) (R.S.SYAL) # ! # ! # ! # ! / JUDICIAL MEMBER ! ! ! ! / ACCOUNTANT MEMBER MUMBAI ; 5!% DATED : 05 TH OCTOBER, 2012. DEVDAS* MA NO.464 /MUM/2011 M/S.ROVER WRITING INSTRUMENTS. 3 !4 0 ,#)8' 9'+) !4 0 ,#)8' 9'+) !4 0 ,#)8' 9'+) !4 0 ,#)8' 9'+)/ COPY OF THE ORDER FORWARDED TO : 1. ! / THE APPLICANT. 2. ,-./ / THE RESPONDENT. 3. : () / THE CIT(A) XXIV, MUMBAI. 4. : / CIT 5. '=7 ,#)#% , , / DR, ITAT, MUMBAI 6. 7> ? / GUARD FILE. !4% !4% !4% !4% / BY ORDER, -') ,#) //TRUE COPY// ' ' ' '/ // /@ A @ A @ A @ A ( DY./ASSTT. REGISTRAR) , , , , / ITAT, MUMBAI