SHRUTI ART PVT. LTD., MUMBAI v. DCIT- CC- 2(4), MUMBAI

CO 344/MUM/2018 | 2008-2009
Pronouncement Date: 10-11-2021 | Result: Dismissed

Appeal Details

RSA Number 34419923 RSA 2018
Assessee PAN AAFPS1984E
Bench Mumbai
Appeal Number CO 344/MUM/2018
Duration Of Justice 2 year(s) 11 month(s) 15 day(s)
Appellant SHRUTI ART PVT. LTD., MUMBAI
Respondent DCIT- CC- 2(4), MUMBAI
Appeal Type Cross Objection
Pronouncement Date 10-11-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted E
Assessment Year 2008-2009
Appeal Filed On 25-11-2018
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL (VIRTUAL COURT) “E” BENCH MUMBAI BEFORE SHRI C.N. PRASAD HON'BLE JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN HON'BLE ACCOUNTANT MEMBER C.O.NOs. 340 341 342 & 344/MUM/2018 [ARISING OUT OF ITA.NOs. 2644 2645 2646 & 2648/MUM/2016 (A.Ys. 2004-05 2005-06 2006-07 & 2008-09)] M/s. Shruti Art Pvt. Ltd. 26/A New Surya Kiran CHS Huges Road Mumbai – 400026 PAN: AAFPS1984E v. DCIT – Central Circle – 2(4) Old CGO Building 8 th Floor M.K. Road Mumbai - 400020 (Appellant) (Respondent) Assessee by : None Department by : Shri Prabhat Kumar Gupta Date of Hearing : 11.11.2021 Date of Pronouncement : 11.11.2021 O R D E R PER C.N. PRASAD (JM) 1. All these cross objections are filed by the assessee in the appeals filed by the Revenue in ITA.Nos. 2644 2645 2646 & 2648/MUM/2016 for the Assessment Years 2004-05 2005-06 2006-07 & 2008-09. 2 C.O.NOs. 340 341 342 & 344/MUM/2018 M/s. Shruti Art Pvt. Ltd. 2. Inspite of issue of several notices none appeared on behalf of the assessee. Thus we dispose off these cross objections on hearing the Ld.DR. 3. We observe from the record that the revenue’s appeals in ITA.Nos. 2644 2645 2646 & 2648/MUM/2016 were dismissed by order dated 07.11.2019 in view of the CBDT Circular dated 08.08.2019 wherein the revenue has been directed to withdraw the appeals preferred by it before the Tribunal if the tax effect on the disputed issue is less than ₹.50 Lakhs. Since the revenue appeals were dismissed for low tax effect the cross objections filed by the assessee would be of only academic and accordingly these cross objections are dismissed as infructuous. 4. In the result cross objections filed by the assessee are dismissed. Order pronounced in the virtual court on 11.11.2021. Sd/- Sd/- (S. RIFAUR RAHMAN) (C.N. PRASAD) ACCOUNTANT MEMBER JUDICIAL MEMBER Mumbai / Dated 11.11.2021 Giridhar Sr.PS 3 C.O.NOs. 340 341 342 & 344/MUM/2018 M/s. Shruti Art Pvt. Ltd. Copy of the Order forwarded to: 1. The Assessee 2. The Respondent. 3. The CIT(A) Mumbai. 4. CIT 5. DR ITAT Mumbai 6. Guard file. //True Copy// BY ORDER (Asstt. Registrar) ITAT Mum