ASST RG 14(1), v. BABULAL H. BAFNA,

MA 684/MUM/2010 | 2003-2004
Pronouncement Date: 16-03-2011 | Result: Allowed

Appeal Details

RSA Number 68419924 RSA 2010
Assessee PAN AAEPB7979D
Bench Mumbai
Appeal Number MA 684/MUM/2010
Duration Of Justice 3 month(s) 27 day(s)
Appellant ASST RG 14(1),
Respondent BABULAL H. BAFNA,
Appeal Type Miscellaneous Application
Pronouncement Date 16-03-2011
Appeal Filed By Department
Order Result Allowed
Bench Allotted I
Tribunal Order Date 16-03-2011
Assessment Year 2003-2004
Appeal Filed On 19-11-2010
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH I MUMBAI BEFORE SHRI T.R. SOOD (AM) AND SMT. ASHA VIJAYARAGH AVAN (JM) M.A. NO. 684/MUM/2010 (ARISING OUT OF ITA NO. 418/MUM/2008) ASSESSMENT YEAR- 2003-04 THE ACIT 14(1) MUMBAI VS. SHRI BABULAL H. BAFNA 25/27 MATKA GALLI PODAR BLDG. 1 ST FLOOR VITHALWADI KALBADEVI MUMBAI-400 002 PAN-AAEPB 7979D (APP LICANT ) (RESPONDENT) APPLICANT BY: SHRI JITENDRA YADAV RESPONDENT BY: SHRI RAKESH JOSHI O R D E R PER ASHA VIJAYARAGHAVAN (JM) BY THIS MISCELLANEOUS APPLICATION THE APPLICANT BRO UGHT TO OUR NOTICE THAT THE HONBLE BOMBAY HIGH COURT THE J UDGEMENT DELIVERED ON 29.6.2010 IN THE CASE OF CIT VS KALPAT ARU COLOURS & CHEMICALS ITA (L) 2887 OF 2009 WHEREIN THE VIEWS OF THE TRIBUNAL IN THE CASE OF TOPMAN HAS BEEN REVERSED. IN EXERCI SE OF THE POWERS VESTED IN US U/S. 254(2) OF THE ACT PARA 6 AT PAGE 3 IN ITA NO. 418/M/08 NOW BE READ AS FOLLOWS: WE HAVE HEARD THE LEARNED REPRESENTATIVES OF THE PAR TIES AND PERUSED THE RECORD. THE ASSESSEE CLAIMED DEDUCTION U/S. 80HHC OF THE ACT IN RESPECT OF DEPB ON ACCRUAL BASIS. THE REVENUE WAS OF THE VIEW THAT THE ASSESS EE IS M.A. NO. 684/M/2010. 2 ENTITLED TO DEDUCTION U/S. 80HHC OF THE ACT IN RESPEC T OF DEPB ONLY IN RESPECT OF THE AMOUNT WHICH ACTUALLY TRANSFERRED DURING THE YEAR AS REQUIRED U/S. 28(IIID) O F THE ACT. FOLLOWING THE RATIO OF THE BOMBAY HIGH COURT IN THE CASE OF CIT VS KALPATARU COLOURS & CHEMICALS IN ITA (L) 2887 OF 2009 WE DIRECT THE AO TO REWORK THE RELIEF U/S. 80HHC IN THE LIGHT OF THE DECISION OF THE BOMBAY HIG H COURT. 2. IN THE RESULT M.A FILED BY THE REVENUE IS ALLOW ED. ORDER PRONOUNCED ON THIS 16 TH DAY OF MARCH 2011 SD/- SD/- (T.R. SOOD) (ASHA VIJAYARAGHAVAN) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI DATED 16 TH MARCH 2011 RJ COPY TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT-CONCERNED 4. THE CIT(A)-CONCERNED 5. THE DR I BENCH TRUE COPY BY ORDER ASSTT. REGISTRAR I.T.A.T MUMBAI M.A. NO. 684/M/2010. 3 DATE INITIALS 1 DRAFT DICTATED ON: 7 . 0 3 .201 1 SR. PS/PS 2. DRAFT PLACED BEFORE AUTHOR: 8 .0 3 .2011 ______ SR. PS/PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER: _________ ______ JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER: _________ ______ JM/AM 5. APPROVED DRAFT COMES TO THE SR. PS/PS: _________ ______ SR. PS/PS 6. KEPT FOR PRONOUNCEMENT ON: _________ ______ SR. PS/PS 7. FILE SENT TO THE BENCH CLERK: _________ ______ SR. PS/PS 8. 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK: DATE ON WHICH FILE GOES TO AR _________ ______ 10 . DATE OF DISPATCH OF ORDER: _________ ______