ASST CIT 14(1), V. OCEANIC EXPORTS, MUMBAI

MA 648/MUM/2010

• Counselvise Citation: [2011] 123 COUNSELVISE.COM (IT) 6463 (ITAT-MUMBAI)
• Duration Of Justice: 5 month(s) 15 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 13-04-2011
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 1999-2000
• Appeal Filed On: 28-10-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S K SINGH
• Section: 80HHC

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH C MUMBAI BEFORE SHRI S.V. MEHROTRA (AM) AND SMT. ASHA VIJAYARAG HAVAN (JM) M.A. NO. 648/MUM/2010 (ARISING OUT OF ITA NO. 2890/MUM/2008) ASSESSMENT YEAR-1999-2000 THE ACIT 14(1), MUMBAI VS. M/S. OCEANIC EXPORTS, 576, CHIRA BAZAR, 3 RD FLOOR, MUMBAI-400 002 PAN-AAAFO 0225F (APP LICANT ) (RESPONDENT) APPELLANT BY: SHRI S.K. SINGH RESPONDENT BY: NONE O R D E R PER ASHA VIJAYARAGHAVAN (JM) BY THIS MISCELLANEOUS APPLICATION THE APPLICANT BRO UGHT TO OUR NOTICE THAT THE HONBLE BOMBAY HIGH COURT BY TH E JUDGEMENT DELIVERED ON 29.6.2010 IN THE CASE OF CIT VS KALPAT ARU COLOURS & CHEMICALS ITA (L) 2887 OF 2009 THE VIEW OF THE TRIB UNAL IN THE CASE OF TOPMAN HAS BEEN REVERSED. IN EXERCISE OF THE POW ERS VESTED IN US U/S. 254(2) OF THE ACT, PARA 4 AT PAGE 2 IN ITA NO. 2890/M/08 MAY NOW BE READ AS FOLLOWS: 4. RESPECTFULLY FOLLOWING THE RATIO OF THE BOMBAY HI GH COURT IN THE CASE OF CIT VS KALPATARU COLOURS & CHEMICALS, WE DIRECT THE AO TO REWORK THE RELIEF U/S . 80HHC IN THE LIGHT OF THE DECISION OF THE BOMBAY HIG H COURT. M.A. NO. 648/M/2010. 2 2. IN THE RESULT, THE M.A. FILED BY THE REVENUE IS ALLOWED. ORDER PRONOUNCED ON THIS 13 TH DAY OF APRIL, 2011 SD/- SD/- (S.V. MEHROTRA) (ASHA VIJAYARAGHAVAN) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI, DATED 13 TH APRIL, 2011 RJ COPY TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT-CONCERNED 4. THE CIT(A)-CONCERNED 5. THE DR C BENCH TRUE COPY BY ORDER ASSTT. REGISTRAR, I.T.A.T, MUMBAI M.A. NO. 648/M/2010. 3 DATE INITIALS 1 DRAFT DICTATED ON: 31 . 03 .201 1 SR. PS/PS 2. DRAFT PLACED BEFORE AUTHOR: 31 .03.2011 ______ SR. PS/PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER: _________ ______ JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER: _________ ______ JM/AM 5. APPROVED DRAFT COMES TO THE SR. PS/PS: _________ ______ SR. PS/PS 6. KEPT FOR PRONOUNCEMENT ON: _________ ______ SR. PS/PS 7. FILE SENT TO THE BENCH CLERK: _________ ______ SR. PS/PS 8. 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK: DATE ON WHICH FILE GOES TO AR _________ ______ 10 . DATE OF DISPATCH OF ORDER: _________ ______