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: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: form 3cd :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: empanelment
From the Courts »
 Virag Tiwari Vs. Principal Commissioner Of Income Tax-21 & Others
  Anand Agarwal vs. Vilas Chandrakant Gaokar (Bombay High Court)
 Maxopp Investment Ltd vs. CIT (Supreme Court)
 Order of a Four-Member Appellate Authority constituted under Chartered Accountants Act is Valid: Delhi HC
 Emami Infrastructure Ltd vs. ITO (ITAT Kolkata)
  Anand Agarwal vs. Vilas Chandrakant Gaokar (Bombay High Court)
 Bar Council of India vs. A. K. Balaji & Ors (Supreme Court)
 ITO vs. Venkatesh Premises Co-op Society Ltd (Supreme Court)
 Pr CIT vs. Amphenol Interconnect India P. Ltd (Bombay High Court)
 Pr CIT vs. Amphenol Interconnect India P. Ltd (Bombay High Court)
 Anand Agarwal vs. Vilas Chandrakant Gaokar (Bombay High Court)

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
                   ,   ,  




                / I.TA No.1195/Mum/2013
               (   / Assessment Year:2007-08
The ITO -7(2)(1),               / M/s. Rukhmini Software Pvt.
Aayakar Bhavan,                     Ltd.,
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
               /Date of Pronouncement :26.10.2015

                               / O R D E R

         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)
 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 2018 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