Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: VAT RATES :: articles on VAT and GST in India :: form 3cd :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: empanelment :: ACCOUNTING STANDARDS
From the Courts »
 Commissioner Of Income Tax (Ltu), New Delhi Vs. Oriental Insurance Company Ltd.
 Principal Commissioner Of Income Tax (Central)-2 Vs. Index Securities Private Limited
 Income Tax Appellate Tribunal, Ahmedabad Benches, Ahmedabad Constitution For The Period From 18/09/2017 To 22/09/2017
  M/s Brothers & Sisters Enterprise vs. JCIT (ITAT Kolkata)
  Commissioner Of Income Tax, Delhi-Iv Vs. DLF Universal Ltd.
 Commissioner Of Income Tax, Delhi-Iv Vs. DLF Universal Ltd.
 Jcb India Ltd. Vs. Deputy Commissioner Of Income Tax &
 Saheb Ram Om Prakash Marketing Pvt Ltd Vs. Commissioner Of Income Tax & ORS
 Tulsi Tracom Private Limited Vs. Commissioner Of Income Tax – 9
 M/s Brothers & Sisters Enterprise vs. JCIT (ITAT Kolkata)

D C I T - 1(1) M/s. Bharat Containers P. Ltd. Room No. 597, Aayakar Bhavan 1st Floor, Cecil Court M.K. Road, Mumbai 400020 Vs. Mahakavi Bhushan Marg Mumbai 400039
October, 16th 2013
                          "B" Bench, Mumbai

                Before Shri D. Manmohan, Vice President
               and Shri Sanjay Arora, Accountant Member

                         ITA No. 8213/Mum/2010
                         (Assessment Year: 2006-07)

D C I T - 1(1)                           M/s. Bharat Containers P. Ltd.
Room No. 597, Aayakar Bhavan         Vs. 1st Floor, Cecil Court
M.K. Road, Mumbai 400020                 Mahakavi Bhushan Marg
                                         Mumbai 400039
PAN - AAACB0484G                         PAN - AAACB0484G
          Appellant                                  Respondent

                   Appellant by:     Dr. Durgesh Sumrott
                   Respondent by:    S/Shri K. Gopal & Satendra Pandey

                   Date of Hearing:       07.10.2013
                   Date of Pronouncement: 07.10.2013


Per D. Manmohan, V.P.

      This appeal is filed by the Revenue against the order dated 19.07.2010
passed by the CIT(A)-1, Mumbai and it pertains to A.Y. 2006-07.

2.    Revenue has raised the following grounds of appeal: -

     "1. On the facts and circumstances of the case, the CIT(A) erred in
         law, in directing to allow claim of expenses against income from
         other sources disallowed by the AO."

     2.   The CIT(A) has further overlooked the fact that the assessee has
          not established the nexus of expenses with reference to the
          income earned from other sources."

3.    The learned counsel for the assessee submitted that the tax effect in
the instant case works out to `2,10,289/-. As per CBDT circular No. 3 dated
09.02.2011 an appeal should not be preferred by Revenue unless the tax
effect is above `3,00,000/- or the issue arising out of the order of the first
Appellate Authority is exceptional in nature and it is specifically mentioned
in the authorisation. In the absence of showing that the case falls under
                                         2                   ITA No. 8213/Mum/2010
                                                        M/s. Bharat Containers P. Ltd.

exceptional circumstance the appeal filed by Revenue deserves to be
dismissed as unadmitted.

4.        On the other hand, the learned D.R. submitted that the appeal is duly
authorised by the Commissioner of Income Tax and hence the AO was
justified in filing the appeal.

5.        We have carefully considered the rival submissions and perused the
record. In the light of the circular issued by the CBDT (supra), which is
binding upon the Revenue authorities, this appeal deserves to be dismissed
as unadmitted for want of tax effect and we order accordingly.

Order pronounced in the open court on 7th October, 2013.

                    Sd/-                                   Sd/-
               (Sanjay Arora)                         (D. Manmohan)
            Accountant Member                         Vice President

Mumbai, Dated: 7th October, 2013

Copy to:

     1.   The   Appellant
     2.   The   Respondent
     3.   The   CIT(A) ­ 1, Mumbai
     4.   The   CIT­ 1, Mumbai City
     5.   The   DR, "B" Bench, ITAT, Mumbai

                                                        By Order

//True Copy//
                                                     Assistant Registrar
                                             ITAT, Mumbai Benches, Mumbai
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions