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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

Dy. Director of Income Tax -4(2) Mumbai Vs. M/s. Quintiles Inc. C/o. Deloittee Haskins & Sells, CAs Tower 3, 28th Floor, India Bulls Finance Centre, Elphinstone Mill Compound, Mumbai 400013
July, 08th 2015
               IN THE INCOME TAX APPELLATE TRIBUNAL
                          "D" Bench, Mumbai

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

                           ITA No. 660/Mum/2014
                          (Assessment Year: 2010-11)

Dy. Director of Income Tax             M/s. Quintiles Inc.
(International Taxation)-4(2)          C/o. Deloittee Haskins & Sells, CAs
Mumbai                            Vs. Tower 3, 28th Floor, India Bulls
                                       Finance Centre, Elphinstone Mill
                                       Compound, Mumbai 400013
                                PAN - AAACQ2008D
          Appellant                                  Respondent

                    Appellant by:       Shri A.K. Srivastava
                    Respondent by:      Shri Ketan Ved

                    Date of Hearing:       07.07.2015
                    Date of Pronouncement: 07.07.2015

                                    ORDER

Per D. Manmohan, V.P.

     This appeal is filed at the instance of the Revenue. Interest charged
under section 234B of the Act, having been deleted by the DRP, Revenue is
in appeal before us.






2.    At the time of hearing learned counsel for the assessee submitted that
the quantum of interest is only `4,097/- on which the Department has
preferred appeal. In the light of the circular issued by the CBDT (No. 3 of
2011) the Department should not have preferred an appeal in this matter.
The learned D.R. fairly admitted the factual position. Under these
circumstances we dismiss the appeal.






Order pronounced in the open court on 7th July, 2015.

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

Mumbai, Dated: 7th July, 2015
                                     2                  ITA No. 660/Mum/2014
                                                             M/s. Quintiles Inc.

Copy to:

   1.   The Appellant
   2.   The Respondent
   3.   DRP-II , Mumbai
   4.   The CIT, concerned
   5.   The DR, "D" Bench, ITAT, Mumbai

                                                    By Order

//True Copy//
                                                 Assistant Registrar
                                         ITAT, Mumbai Benches, Mumbai
n.p.

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