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
Latest Expert Exchange
From the Courts »
 GE Energy Parts Inc vs. CIT (Delhi High Court)
 PCIT vs. Perfect Circle India Pvt. Ltd (Bombay High Court)
 Maruti Suzuki India Ltd. Plot No. 1, Nelson Mandela Road, Vasant Kunj, vs. DCIT, Circle- 16(1), Room No. 312, C.R. Building New Delhi.
 Smt. Ritu Malik T-236, DB Gupta Road, Phara Ganj, New Delhi – 110055 vs. ITO, Ward – 62 (5) New Delhi
 Fluor Daniel India Pvt. Ltd. B 9, LGF Green Park (Main) New Delhi 110 016 vs. ACIT Circle 9(1), Room No.194 C.R.building I.P.Estate New Delhi
 DCIT, Circle-2, Meerut. vs. Reeta Singhal, A-312, Prahlad Vatika, Khair Nagar, Meerut.
 Contata Solutions Pvt.Ltd. A-16/9, Vasant Vihar New Delhi 110 057 vs. ITO, Ward 6(3), Room No.376A Central Revenue Building I.P.Estate New Delhi 110 002
 Late Sh. D. K. Jain Through Legal Hier Mrs. Usha Jain D-19, Nizamuddin East New Delhi vs. DCIT Circle-32(1) New Delhi.
 Shri Neeraj Puri 74-C, Rajpur Road Dehradun Vs. The Pr. C.I.T Dehradun
 Ashok Kumar S/o Sh. Hari Kishan Hingo Kheri, Kandela D- Shamli vs. ITO, Ward – 1 (4) Shamli
 Satish Kumar, Rra Taxindia, D-28, South Extension, Part-I, New Delhi – 49 Vs. Ito, Ward 2(3), Faridabad

M/s. Silveroak Commercials Ltd. 11, Radhamandir Bldg, 213, Sir Balchandra Road Matunga (E) Mumbai 400 019 Vs. ITO WD 9(3)(2) Mumbai
December, 29th 2014
                  IN THE INCOME TAX APPELLATE TRIBUNAL,
                        MUMBAI BENCH "E", MUMBAI
           BEFORE SHRI RAJENDRA, ACCOUNTANT MEMBER AND
                SHRI SANJAY GARG, JUDICIAL MEMBER
                            S.A. No. 354 Mum/2014
                   (Arising Out of ITA No. 5965/Mum/2014)
                           Assessment Year: 2001-02
             M/s. Silveroak Commercials Ltd. 11,      ITO WD
             Radhamandir Bldg, 213, Sir               9(3)(2)
                                                 Vs.
             Balchandra Road Matunga (E)              Mumbai
             Mumbai 400 019
             PAN:AAACS 5536 J
                   (Appellant)                      (Respondent)

                            S.A. No. 355 Mum/2014
                   (Arising Out of ITA No. 5966/Mum/2014)
                           Assessment Year: 2001-02

             M/s. Silveroak Commercials Ltd. 11,      ITO WD
             Radhamandir Bldg, 213, Sir               9(3)(2)
                                                 Vs.
             Balchandra Road Matunga (E)              Mumbai
             Mumbai 400 019
             PAN:AAACS 5536 J
                   (Appellant)                      (Respondent)

                           Assessee by        Dr. P. Daniel & Shri M.P.
                                          :
                                              Makhija
                             Revenue by   :   Shri Asghar Jain
                      Date of hearing  : 26.12.2014
                 Date of Pronouncement : 26.12.2014


                                    ORDER
PER SANJAY GARG, JM:


       The aforesaid two separate applications have been moved by the assessee
seeking stay of outstanding amount of Rs.1,60,79,446/-/- and penalty of
Rs.1,17,93,810/- in respect of A.Y. 2001-02. The Ld. AR of the assessee has
submitted that the recovery of the above amount be stayed whereas the Ld. DR has
submitted that the assessee may be asked to deposit at least 50% of the demand.
At this stage the Ld. AR of the assessee has stressed on his alternative plea of
earlier hearing of the matter.
 




                                                                                             S.A. No. 354 Mum/2014
                                                 2                                            S.A. No. 355 Mum/2014
                                                                                          M/s. Silveroak Commercials Ltd.
                                                                            (Arising Out of ITA No. 5965/Mum/2014)
                                                                            (Arising Out of ITA No. 5966/Mum/2014)
                                                                                           Assessment Year: 2001-02




2.      In view of the submissions of the Ld. AR the plea regarding stay of the
recovery of the demand in question is rejected however, the alternative plea of
earlier hearing is allowed. The matter/corresponding appeal is ordered to be fixed
for hearing on 5th February, 2015. The date of hearing informed in the open court,
no separate notice will be sent to the parties. Copy of this order be placed on appeal
also.
                                                  0









 Order pronounced in the open court on this 26th day of December, 2014.
                 Sd/-                                                      Sd/-
          (RAJENDRA)                                                (SANJAY GARG)
        ACCOUNTANT MEMBER                                          JUDICIAL MEMBER
Mumbai, Dated:    26.12.2014
*Srivastava
Copy to: The   Appellant
         The   Respondent
         The   CIT, Concerned, Mumbai
         The   CIT(A) Concerned, Mumbai
         The   DR "E" Bench
                                          //True Copy//
                                                              By Order

                                                Dy/Asstt. Registrar, ITAT, Mumbai.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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