ACIT, CHENNAI v. M/s. United India Insurance Co. Ltd., CHENNAI

MA 191/CHNY/2011 | 2004-2005
Pronouncement Date: 18-11-2011 | Result: Allowed

Appeal Details

RSA Number 19121724 RSA 2011
Assessee PAN AAACU5552C
Bench Chennai
Appeal Number MA 191/CHNY/2011
Duration Of Justice 2 month(s) 25 day(s)
Appellant ACIT, CHENNAI
Respondent M/s. United India Insurance Co. Ltd., CHENNAI
Appeal Type Miscellaneous Application
Pronouncement Date 18-11-2011
Appeal Filed By Department
Order Result Allowed
Bench Allotted D
Tribunal Order Date 18-11-2011
Date Of Final Hearing 18-11-2011
Next Hearing Date 18-11-2011
Assessment Year 2004-2005
Appeal Filed On 24-08-2011
Judgment Text
IN THE INCOME-TAX APPELLATE TRIBUNAL CHENNAI D BENCH CHENNAI. BEFORE DR. O.K. NARAYANAN VICE PRESIDENT AND SHRI HARI OM MARATHA JUDICIAL MEMBER M.P. NO. 191/MDS/2011 [IN I.T.A. NO. 217/MDS/2009] ASSESSMENT YEAR: 2004-05 THE DEPUTY COMMISSIONER OF INCOME TAX LARGE TAXPAYER UNIT CHENNAI 600 101. VS. M/S. UNITED INDIA INSURANCE CO. LIMITED 24 WHITES ROAD CHENNAI 600 014. [PAN:AAACU5552C] (APPELLANT) (RESPONDENT) REVENUE BY : SHRI A.C. JOSEPH I.R.S. (JCIT) ASSESSEE BY : SHRI G. SITARAMAN C.A. DATE OF HEARING : 18.11.2011 DATE OF PRONOUNCEMENT 18.11.2011 ORDER PER HARI OM MARATHA J.M. THIS MISCELLANEOUS PETITION HAS BEEN FILED BY THE REVENUE IN RELATION TO TRIBUNALS ORDER DATED 26.11.2010 IN THE ABOVE C APTIONED CASE VIDE WHICH THE APPEAL OF THE REVENUE WAS DISMISSED FOR W ANT OF APPROVAL FROM THE COMMITTEE ON DISPUTES [COD]. 2. SINCE THE HONBLE APEX COURT HAS OVERTURNED ITS EARLIER VIEW AND HAS TAKEN A FRESH VIEW THAT SUCH APPROVAL IS NO LONGER REQUIRED TO BE OBTAINED. ACCORDINGLY BY FOLLOWING THE DECISION OF HONBLE S UPREME COURT RENDERED IN THE CASE OF M/S. ELECTRONICS CORPORATION OF INDIA V S. UOI (CIVIL APPEAL NO. 1883 OF 2011 ARISING OUT OF SLP(C) NO. 2538 OF 2009 DT. 17.02.11) WE RECALL M.P. M.P. M.P. M.P. NO. NO. NO. NO.199 199199 199/ // /MDS/ MDS/ MDS/ MDS/11 1111 11 2 THE ORDER IN QUESTION AND DIRECT THE REGISTRY TO FI X THIS APPEAL ON 06.02.2012. BOTH THE PARTIES WERE INFORMED IN THE OPEN COURT. A CCORDINGLY THIS MISCELLANEOUS PETITION STANDS ALLOWED. 3. IN THE RESULT THE MISCELLANEOUS PETITION OF T HE REVENUE STANDS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 18.11.2011. SD/- SD/- (DR. O.K. NARAYANAN) VICE PRESIDENT (HARI OM MARATHA) JUDICIAL MEMBER CHENNAI DATED THE 18.11.2011 VM/- TO: THE ASSESSEE//A.O./CIT(A)/CIT/D.R.