KALABEN BIRAWAT, V. ACIT, CC-14,

MA 62/MUM/2015

• Counselvise Citation: [2015] 124 COUNSELVISE.COM (IT) 3075 (ITAT-MUMBAI)
• Duration Of Justice: 1 month(s) 23 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 01-05-2015
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Assessment Year: 2005-2006
• Appeal Filed On: 09-03-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIVEK PERAMPURNA

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUMBAI BEFORE S/SHRI JOGINDER SINGH (JM) AND B.R.BASKARAN (AM) , , . . , MISCELLANEOUS A PPLICATION NO.55/MUM/2015 ARISING OUT OF I.T.A. NO . 972 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SMT. CHANCHALBEN BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONE R OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AAMPB2975P MISCELLANEOUS APPLICATION NO.56/MUM/2015 ARISING OUT OF I.T.A. NO . 990 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI VASANTRAJ BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AACPB5785B MISCELLANEOUS APPLICATION NO.57/MUM/2015 ARISING OUT OF I.T.A. NO . 7399 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI UTTAMCHAND BIRAWAT HUF , 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MA 55 TO 69/M/2015 2 KALACHOWKI, MUMBAI - 400033 MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AAAFK4838L MISCELLANEOUS APPLICATION NO.58/MUM/2015 ARISING OUT OF I.T.A. NO . 7400 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI VASANTRAJ BIRAWAT, HUF 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPO NDENT ) ./ ./PAN/GIR NO. : AAAHB4200M MISCELLANEOUS APPLICATION NO.59/MUM/2015 ARISING OUT OF I.T.A. NO .984 /MUM/20 10 ( / ASSESSMENT YEAR 2 005 - 06 ) SHRI UTTAMCHAND BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : A AHPB9195Q MISCELLANEOUS APPLICATION NO.60/MUM/2015 ARISING OUT OF I.T.A. NO . 6946 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI KIRANRAJ BIRAWAT, HUF 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, MA 55 TO 69/M/2015 3 G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 4000 33 M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AAAHB4420M MISCELLANEOUS APPLICATION NO.61/M UM/2015 ARISING OUT OF I.T.A. NO . 970/MUM /20 10 ( / ASSESSMENT YEAR: 2 005 - 06 ) SMT.SHWETA ANISH BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AVBPS7750A MISCELLANEOUS APPLICATION NO.62/MUM/2015 ARISING OUT OF I.T.A. NO .974 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SMT.KALABEN BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUM BAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : ADSPB9905A MISCELLANEOUS APPLICATION NO.63/MUM/2015 ARISING OUT OF I.T.A. NO .987 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI KIRAN RAJ BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, MA 55 TO 69/M/2015 4 KALACHOWKI, MUMBAI - 400033 M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AACPB9890K MISCELLANEOUS APPLICATION NO.64/MUM/2015 ARISING OUT OF I.T.A. NO . 966/MUM /20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI ANISH BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AHXPB3008R MISCELLANEOUS APPLICATION NO.65/MUM/2015 ARISING OUT OF I.T.A. NO . 976 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SMT.SWETA KIRANRAJ BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AHHPB8970C MISCELLANEOUS APPLICATION N O.6 6 /MUM/2015 ARISING OUT OF I.T.A. NO . 978 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI ANKIT BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MA 55 TO 69/M/2015 5 MUMBAI - 400033 MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AHXPB3007A MISCELLANEOUS APPLICATION NO.67 / MUM/2015 ARISING OUT OF .T.A. NO . 980/MUM /20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SMT.VEENABEN BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, M UMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : ADSPB9905A MISCELLANEOUS APPLICATION NO.68/MUM/2015 ARISING OUT OF I.T.A. NO .977 /MUM/20 10 ( / ASSESSMENT YEAR : 2 006 - 07 ) SMT. AKSH ATA BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOWER, G D AMBEDKAR MARG, KALACHOWKI, MUMBAI - 400033 / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AIYPB3225E MISCELLANEOUS APPLICATION NO.69/MUM/2015 ARISING OUT OF I.T.A. NO .968 /MUM/20 10 ( / ASSESSMENT YEAR : 2 005 - 06 ) SHRI AVANI BIRAWAT, 105/106, 305/306 - B BLOCK DEEPAK JYOTI TOW ER, G D AMBEDKAR MARG, KALACHOWKI, / VS. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 14 , OLD CGO BUILDING, M K ROAD, MA 55 TO 69/M/2015 6 MUMBAI - 400033 MUMBAI - 400020 ( / APPELLANT ) .. ( / RESPONDENT ) ./ ./PAN/GIR NO. : AHJPB5561H / A PPELLANT BY SHRI NEELKANTH KHANDELWAL / RE SPONDENT BY S/ SHRI VIVEK PERAMPURNA AND V.K.BORA / DATE OF HEARING : 0 1.05 . 2015 / DATE OF PRONOUNCEMENT : 01. 05. 2015 / O R D E R B.R.BASKARAN, ACCOUNTANT MEMBER : ALL THESE MISCELLANEOUS APPLICATIONS HAVE BEEN FILED BY THE RESPECTIVE ASSESSEES AGAINST THE COMMON ORDER DATED 20.2.2015 PASSED AGAINST THE INCOME TAX APPEAL S REFERRED SUPRA . 2. THE LD. COUNSEL APPEARING FOR THE ASSESSEE SUBMITTED THAT IN ALL THE SE CASES, THE AO DID NOT ACCEPT LONG TERM CAPITAL GAINS A S WELL AS SHORT T ERM CAPITAL GAINS ARISING ON SALE OF SHARES DECLARED BY THE ASSESSEE AND ACCORDINGLY ASSESSE D THE SALE PROCEEDS OF SHARES AS INCOME FROM OTHER SOURCES . THE LD CIT(A) ALSO CONFIRMED THE SAME. HOWEVER, THE TRIBUNAL HAS SET ASIDE THE ORDER OF LD.CIT(A). HOWEVER, WHILE PASSING THE ORDER, THE TRIBUNAL HAS MADE A REFERENCE ONLY TO LONG TERM CAPITAL GAINS AND NOT TO SHORT TERM CAPITAL GAINS , THOUGH THE FACTS RELATING BOTH OF THEM ARE IDENTICAL . ACCORDINGLY, THE LD.AR PRAYED THAT THE ORDER MAY BE RECTIFIED IN A SUITABLE MANNER 3. THE LD. DR DID NOT OBJECT TO THE FACTUAL ASPECT PRESENTED BY THE LD. A R. MA 55 TO 69/M/2015 7 4. HAVING HEARD THE RIVAL PARTIES AND UPON PERUSAL OF THE RELEVANT RECORD, WE FIND MERIT IN THE MISCELLANEOUS PETITION FILED BY THE ASSESSEE. ACCORDINGLY, FOLLOWING MODIFICATIONS ARE BEING MADE IN THE COMMON ORDER 20 - 02 - 2015 , REFERRED ABOVE . (A) IN PARAGRAPH 2 OF THE ORDER, IN THE LAST LINE, THE EXPRESSION AND SHORT TERM CAPITAL GAINS SHALL BE ADDED AFTER THE EXPRESSION LONG TERM CAPITAL GAINS. (B) IN PARAGRAPH 27 OF THE ORDER, IN THE THIRD LINE , THE EXPRESSION AND SHORT TERM CAPITAL GAINS SHALL BE ADDED AFTER THE EXPRESSION LONG TERM CAPITAL GAINS . (C) IN PARAGRAPH 27 OF THE ORDER, IN THE EIGHTH LINE, THE EXPRESSION AND STCG SHALL BE ADDED AFTER THE EXPRESSION LTCG. (D) IN PARAGRAPH 28 OF THE ORDER, IN THE FIRST LINE, THE EXPRESS ION AND STCG SHALL BE ADDED AFTER THE EXPRESSION LTCG. 5 . IN THE RESULT, ALL THE MISCELLANEOUS APPLICATIONS FILED BY ALL THE RESPECTIVE ASSESSEES ARE ALLOWED . THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 01ST MAY, 2015 . 01ST MAY, 2015 ( / JOGINDER SINGH ) ( . . / B.R. BASKARAN) / JUDICIAL MEMBER / ACCOUN TANT MEMBER MUMBAI: 01ST MAY, 2015 . . . ./ SRL , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - CONCERNED 4. / CIT CONCERNED 5. , , / MA 55 TO 69/M/2015 8 DR, ITAT, MUMBAI CONCERNED 6. / GUARD FILE. / BY ORDER, TRUE COPY (ASSTT. REGISTRAR) , /ITAT, MUMBAI