MATURE TRADING AND INVESTMENT P.LTD, MUMBAI v. ITO (TDS) 2(3), MUMBAI

ITA 2740/MUM/2014 | 2009-2010
Pronouncement Date: 08-11-2017 | Result: Dismissed

Appeal Details

RSA Number 274019914 RSA 2014
Bench Mumbai
Appeal Number ITA 2740/MUM/2014
Duration Of Justice 3 year(s) 6 month(s) 17 day(s)
Appellant MATURE TRADING AND INVESTMENT P.LTD, MUMBAI
Respondent ITO (TDS) 2(3), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 08-11-2017
Appeal Filed By Assessee
Tags No record found
Order Result Dismissed
Bench Allotted B
Tribunal Order Date 08-11-2017
Assessment Year 2009-2010
Appeal Filed On 21-04-2014
Judgment Text
ITA.NO.2740/MUM/2014 MATURE TRADING & INVESTMENTS PRIVATE LIMITED ASSESSMENT YEAR-2009-10 IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH MUMBAI . . BEFORE SHRI D.T. GARASIA JM AND SHRI MANOJ KUMAR AGGARWAL AM ./I.T.A. NO.2740/MUM/2014 ( / ASSESSMENT YEAR: 2009-10) MATURE TRADING & INVESTMENTS PRIVATE LIMITED (CIN : U65990MH1989PTC054474) FORTUNE-2000 PLOT NO.C-3 G BLOCK BANDRA KURLA COMPLEX BANDRA(E) MUMBAI-400 051 / VS. INCOME TAX OF FICER (TDS) 2(3) 708 7 TH FLOOR K.G.MITTAL AYURVEDIC HOSPITAL CHARNI ROAD MUMBAI-400 002 !' ./ ./PAN/GIR NO. A AACM-9730-G ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) A SSESSEE BY : VIJAY MEHTA LD.AR RE VENUE BY : SUMAN KUMAR LD. SR. DR / DATE OF HEARING : 02/11/2017 / DATE OF PRONOUNCEMENT : 08/11/2017 / O R D E R PER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. THE CAPTIONED APPEAL BY ASSESSEE FOR ASSESSMENT YEAR [AY] 2009-10 ASSAILS THE ORDER OF THE LD. COMMISSIONER O F INCOME-TAX (APPEALS)-13 [CIT(A)] MUMBAI APPEAL NO. CIT(A)-13/IT- 834/RATIONALISATION ORDER 602/11-12 DATED 27/02/2014. THE RELEVANT ITA.NO.2740/MUM/2014 MATURE TRADING & INVESTMENTS PRIVATE LIMITED ASSESSMENT YEAR-2009-10 2 ORDER WAS FRAMED BY LD. INCOME TAX OFFICER (TDS)-2(3) MUMBAI [AO] U/S 201(1)/201(1A) OF THE INCOME TAX ACT 1961 ON 30/03/2011. THE ASSESSEE IS AGGRIEVED BY DEMAND RAISED U/S 201(1) A ND CONSEQUENTIAL INTEREST U/S 201(1A). 2. THE LD. COUNSEL FOR ASSESSEE [AR] AT THE OUTSET DREW ATTENTION TO THE FACT THAT THE ASSESSEE FILED RECTIFICATION APPL ICATION U/S 154 BEFORE LD. AO WHICH HAS BEEN ACCEPTED BY THE REVENUE. RESULTA NTLY DEMAND RAISED U/S 201(1) HAS BEEN DELETED AND ONLY CONSEQU ENTIAL INTEREST U/S 201(1A) HAS BEEN RETAINED WHICH HAS BEEN PAID BY TH E ASSESSEE DURING RECOVERY PROCEEDINGS. THEREFORE THE ASSESSEE WAS N O MORE INTEREST IN PURSUING THE APPEAL AS SUFFICIENT RELIEF HAS ALREAD Y BEEN GRANTED AND FURTHER INTEREST DEMAND U/S 201(1A) IS NOT BEING C ONTESTED BY THE ASSESSEE DUE TO SMALLNESS OF THE DEMAND. THE LD. D R CONCURRED WITH THE SAME AND RAISED NO OBJECTION AGAINST WITHDRAWAL OF THE APPEAL. 3. IN VIEW OF THE ABOVE THE APPEAL STANDS DISMISSE D IN LIMINE AS PER ASSESSEES REQUEST. ORDER PRONOUNCED IN THE OPEN COURT ON 08 TH NOVEMBER 2017. SD/- SD/- (D.T. GARASIA) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 08.11.2017 SR.PS:- THIRUMALESH ITA.NO.2740/MUM/2014 MATURE TRADING & INVESTMENTS PRIVATE LIMITED ASSESSMENT YEAR-2009-10 3 ! / COPY OF THE ORDER FORWARDED TO : 1. '$ / THE APPELLANT 2. %&'$ / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. %(. . / DR ITAT MUMBAI 6. / / GUARD FILE / BY ORDER / (DY./ASSTT. REGISTRAR) / ITAT MUMBAI