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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Apoorva Sanghvi, 106, 22D, Wadia Bldg., SA Brelvi Road, Fort, Mumbai - 400001 Vs. DCIT 4(1), Room No.640, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400020
February, 24th 2015
                IN THE INCOME TAX APPELLATE TRIBUNAL,
                       MUMBAI BENCH "A", MUMBAI

     BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND
              SHRI SANJAY GARG, JUDICIAL MEMBER

                                 SA No.45/M/2015
                        (Arising out of ITA No.883/M/2015)
                             Assessment Year: 2010-11

         Apoorva Sanghvi,                   DCIT 4(1),
         106, 22D,                          Room No.640,
         Wadia Bldg.,                   Vs. 6th Floor,
         SA Brelvi Road,                    Aayakar Bhavan,
         Fort, Mumbai - 400001              M.K. Road,
         PAN: AACPS0302D                    Mumbai - 400020
               (Appellant)                      (Respondent)


      Assessee by                : Shri Pratik Jain, (Partner)
      Revenue by                 : Shri Asghar Zain VP, D.R.

      Date of Hearing            : 20.02.2015
      Date of Pronouncement      : 20.02.2015

                                      ORDER


Per Sanjay Garg, Judicial Member:

      The above titled application has been moved by the assessee seeking
stay of the recovery of the outstanding tax amount of Rs.1,49,490/- and as well
as for early hearing of the matter.






2.    At the outset, the Ld. A.R. of the assessee has stated at bar that he does
not press for the relief of grant of stay of recovery of the tax amount, however,
his request for early hearing of the matter be considered.

3.    After considering the submissions made in the application, the request
for early hearing of the matter is allowed. Therefore, the registry is directed to
fix the main appeal in relation to which the present application has been moved
                                                                                    SA No.45/M/2015
                                              2                   (Arising out of ITA No.883/M/2015)









by the assessee for hearing on 19.03.2015. The date of hearing is informed in
the open court. No separate notice will be issued.

4.       In the result, the stay application of the assessee is hereby allowed.




                  Order pronounced in the open court on 20.02.2015.



          Sd/-                                                   Sd/-
   (Chandra Poojari)                                        (Sanjay Garg)
ACCOUNTANT MEMBER                                       JUDICIAL MEMBER

Mumbai, Dated: 20.02.2015.
* Kishore, Sr. P.S.



Copy to: The Appellant
        The Respondent
        The CIT, Concerned, Mumbai
        The CIT (A) Concerned, Mumbai
        The DR Concerned Bench
//True Copy//                             [




                                                  By Order



                                 Dy/Asstt. Registrar, ITAT, Mumbai.

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