Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: due date for vat payment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
From the Courts »
 The Principal Commissioner Of Income Tax-4 Vs. Inter Globe Technology Quotient Pvt. Ltd.
 Akum Drugs And Pharmaceuticals Limited Through: Director Shri. Sanjeev Jain Vs. Income Tax Officer, Ward-2(1) & Anr.
 Pr. Commissioner Of Income Tax Central-2 New Delhi Vs. Meeta Gutgutia Prop. M/s Ferns „n? Petals
 Prabhatam Investment Pvt. Ltd vs. ACIT (ITAT Delhi)
 CIT vs. Laxman Industrial Resources Pvt.Ltd (Delhi High Court)
  State Of Jharkhand vs. Lalu Prasad Yadav (Supreme Court)
 CIT vs. Krishan K. Aggarwal (Supreme Court)
 Ambuja Cements Ltd. Vs. Commissioner, Service Tax Commissionerate, Delhi
 Director Of Income Tax (Exemptions) Vs. Vishwa Hindu Parishad
 ITAT Proposes Important Changes To Tribunal Rules
 Meherjee Cassinath Holdings Pvt. Ltd vs. ACIT (ITAT Mumbai)

The ITO -7(2)(1), Aayakar Bhavan, Mumbaia-400 020 Vs. M/s. Rukhmini Software Pvt. Ltd., Corporate Centre, Opp. Hotel Sun-Sheel, M.V. Road, Andheri (E), Mumbai-400 059
October, 28th 2015
                   ,   ,  

       IN THE INCOME TAX APPELLATE TRIBUNAL "D" BENCH, MUMBAI

             BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER

                AND SHRI AMARJIT SINGH, JUDICIAL MEMBER

                / I.TA No.1195/Mum/2013
               (   / Assessment Year:2007-08
The ITO -7(2)(1),               / M/s. Rukhmini Software Pvt.
Aayakar Bhavan,                     Ltd.,
                                Vs.
Mumbaia-400 020                     Corporate Centre,
                                    Opp. Hotel Sun-Sheel,
                                    M.V. Road, Andheri (E),
                                    Mumbai-400 059

     . /   . / PAN/GIR No. :AADCR 0412M
   ( /Appellant)                 ..            (    / Respondent)
          / Appellant by:                   Shri Sanjeev Kashyap
             /Respondent by:                        None

                / Date of Hearing
                                                    :26.10.2015
               /Date of Pronouncement :26.10.2015


                               / O R D E R
  PER N.K. BILLAIYA, AM:

         This appeal by the Revenue is preferred against the order of
  the Ld. CIT(A)-9, Mumbai dated 27.11.2012 pertaining to assessment
  year 2007-08.


  2.     Inspite of the service of notice, none attended on behalf of the
  assessee, therefore we decided to proceed ex-parte on merit.
                                   2                   ITA. No. 1195/M/2013





3.    The Ld. Departmental Representative fairly conceded that the
facts in issues are no more res integra and the issue is decided in
favour of the assessee and against the Revenue.


4.    We have carefully gone through the orders of the authorities
below. The grievance of the Revenue relates to the deletion of the
notional interest added by the AO on interest free security deposit.
We find that the Ld. CIT(A) has deleted the addition by relying upon
the decision of the Hon'ble High Court of Delhi in the case of CIT Vs
Monikumar Subba 333 ITR 38 (Del) which view was also affirmed by
the Jurisdictional High Court in the case of CIT Vs J.K. Investors
(Bom) Ltd 248 ITR 723. Since the findings of the Ld. CIT(A) was
based upon the well laid down law by the Hon'ble High Court
(supra), we do not find any reason to interfere with the findings of
the Ld. CIT(A).





5.    In the result, the appeal filed by the Revenue is dismissed.


      Order pronounced in the open court at the time of hearing on
26th October, 2015

             Sd/-                                   Sd/-
      (AMARJIT SINGH )                       (N.K. BILLAIYA)
    /JUDICIAL MEMBER    / ACCOUNTANT MEMBER
 Mumbai;  Dated : 26th October, 2015
. ../ Rj , Sr. PS
                           3           ITA. No. 1195/M/2013



        /Copy of the Order forwarded to :
1.  / The Appellant
2.     / The Respondent.
3.     () / The CIT(A)-
4.      / CIT
5.       ,     , 
     / DR, ITAT, Mumbai
6.     / Guard file.
                                    / BY ORDER,
                   //True Copy//
                         / 
                     (Dy./Asstt. Registrar)
                     ,  / ITAT, Mumbai

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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