PEACEFORT CHEM- IND ENGG. P.LTD, MUMBAI v. ACIT 10(3), MUMBAI

ITA 470/MUM/2010 | 2006-2007
Pronouncement Date: 30-09-2010 | Result: Allowed

Appeal Details

RSA Number 47019914 RSA 2010
Assessee PAN AABCP7161P
Bench Mumbai
Appeal Number ITA 470/MUM/2010
Duration Of Justice 8 month(s) 11 day(s)
Appellant PEACEFORT CHEM- IND ENGG. P.LTD, MUMBAI
Respondent ACIT 10(3), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 30-09-2010
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted C
Tribunal Order Date 30-09-2010
Assessment Year 2006-2007
Appeal Filed On 19-01-2010
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES C MUMBAI BEFORE SHRI R.S. SYAL A.M. AND SHRI V.D. RAO J.M . I.T.A. NO.470/M/2010 ASSESSMENT YEAR : 2006-07 PEACEFORT CHEM-IND ENGG. P.LTD. 104 SUMER KENDRA PANDURANG BUDHKAR MARG WORLI MUMBAI PAN : AABCP7161P ACIT 10(3) AAYAKAR BHAVAN 4 TH FLOOR M.K. ROAD MUMBAI (APPELLANT) VS. (RESPONDENT) APPELLANT BY: SHRI JITENDRA JAIN RESPONDENT BY: SHRI P .N. DEVDASAN ORDER PER V.D. RAO (J.M) : 1. THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED A GAINST THE ORDER DATED 19/11/2009 OF CIT(APPEALS)-22 MUMBAI. 2. AT THE TIME OF HEARING BOTH THE PARTIES AGREED THAT THE ISSUE INVOLVED IN THIS APPEAL STANDS COVERED BY THE HONB LE JURISDICTIONAL HIGH COURT IN CASE OF GODREJ BOYCE MANUFACTURING CO. LTD. (201 0) 234 CTR (BOM) 1 VS. ACIT VIDE JUDGEMENT DATED 12 TH AUGUST 2010. WE HEARD BOTH THE SIDES AND GONE THROUGH THE ORDERS OF THE AUTHORITIES BELOW. W E FIND THAT THE ISSUE 2 INVOLVED IN THIS APPEAL IS COVERED BY THE DECISION OF THE HONBLE BOMBAY HIGH COURT IN GODREJ BOYCE MANUFACTURING CO. LTD. (SUPRA ). IN VIEW OF THE ABOVE THE ISSUE IS REMITTED BACK TO THE FILE OF THE A.O. TO DECIDE THE ISSUE AFRESH IN THE LINE OF THE ABOVE JUDGEMENT OF THE HONBLE JURISDI CTIONAL HIGH COURT AFTER PROVIDING ADEQUATE OPPORTUNITY OF BEING HEARD TO TH E ASSESSEE. IN THE RESULT APPEAL FILED Y THE ASSESSEE IS ALLOW ED FOR STATISTICAL PURPOSE. ORDER PRONOUNCED ON THIS 30TH DAY OF SEPTEMBER 201 0. SD/- SD/- ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI DT: 30 TH SEPTEMBER 2010. COPY FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE C.I.T. 4. CIT (A) 5. THE DR C - BENCH ITAT MUMBAI //TRUE COPY// BY ORDER ASSISTANT REGISTRAR ITAT MUMBAI BENCHES MUMBAI ROSHANI