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: list of goods taxed at 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: VAT RATES :: due date for vat payment :: cpt :: ACCOUNTING STANDARD :: articles on VAT and GST in India
From the Courts »
 Commissioner Of Income Tax, Delhi Vs. M/s. Maruti Udyog Ltd
 Pr. Commissioner Of Income Tax - 6 Vs. M/s. Mohan Export India Private Limited
 Principal Commissioner Of Income Tax-7 Vs. Oriental International Co. Pvt. Ltd.
 Pr. Commissioner Of Income Tax-2 Vs. British Motor Car Co.(1934) Ltd
  Vidyadayani Shiksha Samiti vs. CIT (ITAT Delhi)
 Halcrow Consulting India Pvt. Ltd vs. DCIT (ITAT Delhi)
 ACIT vs. TRN Energy Pvt. Ltd (ITAT Delhi)
 Aditya Chemicals Ltd vs. ITO (ITAT Delhi)
 Gayatri Aggarwal Vs. Income Tax Commissioner & Ors.
 Paradigm Geophysical Pvt. Ltd. Vs. Commissioner Of Income Tax (International Taxation)-3, New Delhi
 Download Companies (Amendment) Act, 2017

ACIT - 18 (1) Shri Manmohan Rathi 1st Floor, Piramal Chambers 8, Cama Indl. Estae Lalbaug, Mumbai 400012 Vs.
September, 13th 2012
                            "B" Bench, Mumbai

                  Before Shri D. Manmohan, Vice President
                   and Shri Rajendra, Accountant Member

                         ITA No. 6899/Mum/2011
                         (Assessment Year: 2006-07)

A C I T - 18 (1)                         Shri Manmohan Rathi
1st Floor, Piramal Chambers          Vs. 8, Cama Indl. Estae
Lalbaug, Mumbai 400012                   Sun Mill Compound
                                         Lower Parel, Mumbai 400013
                                         PAN - AABPR 0943 E
            Appellant                              Respondent

                    Appellant by:    Shri Mohit Jain
                    Respondent by:   Shri Sumeet Dalal

                    Date of Hearing:       11.09.2012
                    Date of Pronouncement: 11.09.2012


Per D. Manmohan, V.P.

     This appeal filed at the instance of the Revenue is directed against the

order dated 02.08.2009 passed by the CIT(A) 29, Mumbai and it pertains to

A.Y. 2006-07..

2.    Penalty under section 271(1)(c) of the I.T. Act levied by the AO but

cancelled by the CIT(A) is the subject matter of dispute before us.

3.    At the time of hearing both the parties admitted that the addition

made in the assessment order, which was the basis for levy of penalty, no

longer subsists in the light of the decision of the ITAT "I" Bench Mumbai in

the quantum proceeding, i.e. ITA No. 3105/Mum/2009 dated 29th July,

2010. In the light of the decision of the ITAT in the quantum proceedings the

learned CIT(A) cancelled the penalty levied by the AO.
                                         2                 ITA No. 6899/Mum/2011
                                                              Shri Manmohan Rathi

4.        Having regard to the circumstances, we do not find any infirmity in
the order passed by the learned CIT(A). As pronounced in the open court the
appeal filed by the Revenue is dismissed.

Order pronounced in the open court on 11th September 2012.

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

Mumbai, Dated: 11th September 2012

Copy to:

     1.   The   Appellant
     2.   The   Respondent
     3.   The   CIT(A) ­ 29, Mumbai
     4.   The   CIT­ 18, Mumbai City
     5.   The   DR, "B" Bench, ITAT, Mumbai

                                                        By Order

//True Copy//
                                                     Assistant Registrar
                                             ITAT, Mumbai Benches, 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