Lalchand Mehrumal Jagwani, Pune V. Assistant Commissioner of Income-tax, Central Circle -Aurangabad, Aurangabad

MA 70/PUN/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 6589 (ITAT-PUNE)
• Duration Of Justice: 7 month(s) 20 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 11-01-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 11-01-2019
• Assessment Year: 2002-2003
• Appeal Filed On: 22-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHRI
• Assessee Lawyers: HARI KISHAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, PUNE . , , BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI VIKAS AWASTHY, JM . / MA NO.70/PUN/2018 (ARISING OUT OF ITA NO.1342/PUN/2014) / ASSESSMENT YEAR : 2002-03 LALCHAND MEHRUMAL JAGWANI, C/O. KIRAN KANANI & ASSOCIATES, 71A, RASTA PETH, OPP. ISREAL CHURCH, LEKRYA MARUTI ROAD, PUNE- 411 011. PAN : ADSPJ8025F ....... / APPELLANT / V/S. ACIT, CENTRAL CIRCLE, AURANGABAD. / RESPONDENT ASSESSEE BY : SHRI HARI KISHAN REVENUE BY : SHRI PANKAJ GARG / DATE OF HEARING : 11.01.2019 / DATE OF PRONOUNCEMENT : 11.01.2019 / ORDER PER D. KARUNAKARA RAO, AM: THIS MISCELLANEOUS APPLICATION ARISES FROM THE ORDER OF THE TRIBUNAL VIDE ITA NO.1342/PUN/2014 FOR THE ASSESSMENT YEAR 2002-03. 2. BEFORE US, AT THE OUTSET, LD. COUNSEL BROUGHT OUR ATTENTION TO THE SAID ORDER IN GENERAL AND THE CONTENTS OF PARA 3 IN PARTICULAR. REFERRING TO THE EXPRESSION INVESTMENT ACTIVITY USED IN THE SAID PARA, LD. COUNSEL DEMONSTRATED THE SAID EXPRESSION NEEDS TO BE SUBSTITUTED BY THE MONEY LENDING ACTIVITY . 2 MA NO.70/PUN/2018 3. AFTER DISCUSSING THIS LIMITED ISSUE RELEVANT WITH BOTH THE PARTIES OF THE DISPUTE, WE FIND THE MISTAKE IS APPARENT. THE CONTEXT OF GROUND DEMANDS THE NEED FOR ALLOWING THE REQUEST OF THE ASSESSEE. CONSEQUENTLY, THE WORDS INVESTMENT ACTIVITY NOW STANDS SUBSTITUTED BY THE WORDS MONEY LENDING ACTIVITY AS MADE OUT BY THE ASSESSEE IN THIS MA VIDE PARA NOS. 5 TO 8. THE SAID SUBSTITUTION OF THE EXPRESSIONS IS TO BE DONE AT TWO PLACES IN PARA 3 OF THE TRIBUNALS ORDER (SUPRA). ACCORDINGLY, WE ORDER. 4. IN THE RESULT, THE MISCELLANEOUS APPLICATION OF THE ASSESSEE IS ALLOWED. ORDER PRONOUNCED IN OPEN COURT ON 11 TH DAY OF JANUARY, 2019. SD/ SD/- SD/- D/- ( /VIKAS AWASTHY) ( . /D. KARUNAKARA RAO) / JUDICIAL MEMBER / ACCOUNTANT MEMBER / PUNE; / DATED : 11 TH JANUARY, 2019. SUJEET / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CIT(A), AURANGABAD. 4. THE CIT, AURANGABAD. 5. , , , / DR, ITAT, A BENCH, PUNE. 6. / GUARD FILE. / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE.