YOUR LIFESTYLE PRIVATE LIMITED , MUMBAI V. DEPUTY COMMISSIONER OF INCOME TAX 14(3)(1), MUMBAI

MA 491/MUM/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7713 (ITAT-MUMBAI)
• Duration Of Justice: 5 month(s) 29 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 11-01-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: K
• Assessment Year: 2011-2012
• Appeal Filed On: 13-07-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAKESH RANJAN LD
• Assessee Lawyers: SUSHIL LAKHANI LD
• Keywords: Transfer pricing

Judgement Text

1 MA NO.491/MUM/2018 ARISING OUT OF ITA NO.314/MUM/2016 YOUR LIFESTYLE PVT.LTD. ASSESSMENT YEAR-2011-12 IN THE INCOME TAX APPELLATE TRIBUNAL J BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM M.A. NO. 491/MUM/2018 [ARISING OUT OF I.T.A. NO.314/MUM/2016] ( / ASSESSMENT YEAR: 2011-12) YOUR LIFESTYLE PRIVATE LIMITED [FORMERLY KNOWN AS SANDA WELLBEING PVT.LIMITED] C/O., DHOLAKIA & ASSOCIATES SARVODAYA CHSL, SERVICE ROAD KHER NAGAR, BKC, BANDRA (E) MUMBAI-400 051 / VS. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-14(3)(1) AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 ./ ./PAN/GIR NO. AALCS-4223-P ( /APPELLANT ) : ( / RESPONDENT ) / APPELLANT BY : SUSHIL LAKHANI, LD.AR / RESPONDENTBY : RAKESH RANJAN, LD. DR / DATE OF HEARING : 11/01/2019 / DATE OF PRONOUNCEMENT : 11/01/2019 2 MA NO.491/MUM/2018 ARISING OUT OF ITA NO.314/MUM/2016 YOUR LIFESTYLE PVT.LTD. ASSESSMENT YEAR-2011-12 / O R D E R PER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER):- 1. BY WAY OF THIS MISCELLANEOUS APPLICATION FOR ASS ESSMENT YEAR [AY] 2011-12, THE ASSESSEE SEEKS RECTIFICATION IN TRIBUN ALS ORDER ITA NO.314/MUM/2016 DATED 13/04/2018 ON CERTAIN GROUNDS . 2. DURING HEARING BEFORE US, THE LD. AUTHORISED REP RESENTATIVE FOR ASSESSEE [AR], SHRI SUSHIL LAKHANI , PLACED ON RECORD A LETTER DATED 05/12/2018 AND SUBMITTED THAT THE THIS ASSESSEE SEE KS WITHDRAWAL OF THIS APPLICATION IN VIEW OF THE FACT THAT ADEQUATE RELIE F HAS ALREADY BEEN GRANTED TO THE ASSESSEE BY LD. TRANSFER PRICING OFFICER. TH E REVENUE RAISED NO SERIOUS OBJECTIONS AGAINST THE SAME. 3. IN VIEW OF THE SAME, THIS APPLICATION STANDS DIS MISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH DAY OF JANUARY, 2019. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 11/01/2019 SR.PS:-JAISY VARGHESE / COPY OF THE ORDER FORWARDED TO : 1. '# / THE APPELLANT 2. $%# / THE RESPONDENT 3. & ( ' ) / THE CIT(A) 3 MA NO.491/MUM/2018 ARISING OUT OF ITA NO.314/MUM/2016 YOUR LIFESTYLE PVT.LTD. ASSESSMENT YEAR-2011-12 4. & / CIT CONCERNED 5. '( $)* , ' * , / DR, ITAT, MUMBAI 6. (,-. / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI