IND GLOBAL COPORATE FINANCE LTD ( NOW KNOWN AS ERNEST AND YOUNG MARCHANT BANKING & BUSINESS SERVICES P. LTD), V. ITO CIR 3(2)(1),

MA 651/MUM/2012

• Counselvise Citation: [2013] 124 COUNSELVISE.COM (IT) 0654 (ITAT-MUMBAI)
• Duration Of Justice: 7 month(s) 23 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 14-06-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2001-2002
• Appeal Filed On: 22-10-2012
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Depreciation
• Section: 32

Judgement Text

MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL 'G' BENCH, MUMBAI BEFORE SHRI I.P. BANSAL, JUDICIAL MEMBER AND SHRI RAJENDRA SINGH, ACCOUNTANT MEMBER MA NO. 651/MUM/2012 (ASSESSMENT YEAR 2001-02 ) ARISING OUT OF ITA 1258/MUM/2008 DATE OF HEARING: 14/6/2013 DATE OF PRONOUNCEMENT: 14/6/2013 O R D E R PER RAJENDRA SINGH THIS MISCELLANEOUS APPLICATION HAS BEEN FILED BY TH E ASSESSE POINTING OUT SOME APPARENT MISTAKE IN THE ORDER OF TRIBUNAL DATED 31.8.2012 IN ITA NO. 1258/MUM/2008 FOR ASSESSMENT Y EAR 2001-02. THE MISTAKE POINTED OUT IS ON THE ISSUE RELATING TO ALL OWABILITY OF DEPRECIATION U/S 32 OF THE IT ACT. 2. THE AT THE TIME OF HERAING THE LEARNED AR FOR TH E ASSESSEE FILED A LETTER DATED 30.6.2013, IN WHICH IT HAS BEEN SUBMIT TED THAT THE ASSESSEE WISH TO WITHDRAW THE MA BUT THE SAME HAS BECOME INF RUCTUOUS IN VIEW OF THE ORDER DATED 31.3.2013 OF THE HONBLE BOMBAY HIG H COURT ADMITTING THE APPEAL OF THE ASSESSEE ON THE SAID ISSUE. THE L EARNED DR HAD NO M/S IND GLOBAL CORPOR ATE FINANCE PVT. LTD. NOW KNOWN AS ERNST & YOUNG MERCHANT BANKING SERVICES (P) LTD. 14 TH FLOOR, THE RUBY, 29 SENAPATI BAGPAT MARG, DADAR (WEST) MUMBA 400 028. INCOME TAX OFFICER CIR -3(2)(1) MUMBAI. APPELLANT RESPONDENT DEPARTMENT BY. SHRI MANOJ KUMAR ASSESSEE BY: SHRI RAJAN R. VORA MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 MA NO. 651/MUM/2012 M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. M/S IND GLOBAL CORPORATE FINANCE PVT. LTD. PAGE 2 OF 2 OBJECTION IN THE MATTER. WE, THEREFORE DISMISS THE MISCELLANEOUS APPLICATION AS WITHDRAWN 3. IN THE RESULT MISCEALLAENOUS APPLICATION OF THE ASSESSEE STANDS WITHDRAWN. ORDER PRONOUNCED IN THE OPERN COURT TODAY I.E 14- 6-2013 SD/- SD/- ( I.P. BANSAL ) (RAJENDRA SINGH) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED 14TH JUNE, 2013. SK SR. P.S. COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CONCERNED CIT(A) 4. THE CONCERNED CIT 5. THE DR, G BENCH, ITAT, MUMBAI BY ORDER ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCHES, MUMBAI