ASST RG 14(1), V. VHM INTERNATIONAL,

MA 683/MUM/2010

• Counselvise Citation: [2011] 123 COUNSELVISE.COM (IT) 5388 (ITAT-MUMBAI)
• Duration Of Justice: 2 month(s) 15 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 04-02-2011
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: F
• Assessment Year: 2003-2004
• Appeal Filed On: 19-11-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JI TENDRA YADAV
• Assessee Lawyers: M B SANGHAVI
• Section: 80HHC

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH F MUMBAI BEFORE SHRI R.S. SYAL (AM) AND SMT ASHA VIJAYARAGHA VAN (JM) M.A. NO. 683/MUM/2010 (ARISING OUT OF ITA NO.1399/MUM/2008) (ASSESSMENT YEAR-2003-04) THE ACIT-RANGE 14(1), EARNEST HOUSE, NARIMAN POINT, MUMBAI-400 021 VS. M/S. VHM INTERNATIONAL, 220, KEWAL INDUSTRIAL ESTATE, 2 ND FLOOR, NEXT TO PHOENIX MILLS, LOWER PAREL (W), MUMBAI-400 013 PAN-AACFV 2645Q (APPLICANT) (RESPONDENT) APPLICANT BY: SHRI JITENDRA YADAV RESPONDENT BY: SHRI M.B. SANGHAVI O R D E R PER ASHA VIJAYARAGHAVAN (JM) BY THIS MISCELLANEOUS APPLICATION THE APPLICANT BR OUGHT TO OUR NOTICE THAT THE HONBLE BOMBAY HIGH COURT BY THE JU DGEMENT DELIVERED ON 29.6.2010 IN THE CASE OF CIT VS KALPATARU COLOUR S & CHEMICALS ITA (L) 2887 OF 2009 THE VIEW OF THE TRIBUNAL IN THE CA SE OF TOPMAN HAS BEEN REVERSED. IN EXERCISE OF THE POWERS VESTED IN US U/S. 254(2) OF THE ACT, PARA 5 AT PAGE 3 IN ITA NO. 1399/M/08 MAY NOW BE READ AS FOLLOWS: 5. RESPECTFULLY FOLLOWING THE RATIO OF THE BOMBAY H IGH COURT IN THE CASE OF CIT VS KALPATARU COLOURS & CHE MICALS, WE DIRECT THE AO TO REWORK THE RELIEF U/S. 80HHC IN THE LIGHT OF THE DECISION OF THE BOMBAY HIGH COURT. ORDER PRONOUNCED ON THIS 4 TH DAY OF FEBRUARY, 2011 SD/- SD/- (R.S. SYAL) ( ASHA VIJAYARAGHAVAN) ACCOUNTANT MEMBER JUDICIAL M EMBER M.A. NO. 683/M/2010 2 MUMBAI, DATED 4 TH FEBRUARY, 2011. RJ COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT-CONCERNED 4. THE CIT(A)- CONCERNED 5. THE DR F BENCH TRUE COPY BY ORDER ASST. REGISTRAR, I.T.A.T, MUMBAI M.A. NO. 683/M/2010 3 DATE INITIALS 1 DRAFT DICTATED ON: 1. 0 2 . 201 1 SR. PS/PS 2. DRAFT PLACED BEFORE AUTHOR: 1. 0 2 .201 1 ______ 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. DATE ON WHICH FILE GOES TO THE HEAD CLERK: ______ 9 DATE ON WHICH FILE GOES TO THE AR 10 . DATE OF DISPATCH OF ORDER: ______