ITO 5(2)(3) MUMBAI vs MALABAR HILL CLUB LTD MUMBAI
Party Details
- ITO 5(2)(3) MUMBAI
- MALABAR HILL CLUB LTD MUMBAI
Case Summary
ITO 5(2)(3) MUMBAI vs MALABAR HILL CLUB LTD MUMBAI (Case No. ITA 4937/MUM/2011) is listed in the Income Tax, filed on 22 Jun 2011. The case has undergone 6 hearings over 2 months. The case is currently pending. 5 orders have been issued in this matter.
Hearing History (6)
- 26SEP 2024Hearing
Judge: N/A
- Hearing
Judge: N/A
- 23SEP 2024Hearing
Judge: N/A
Orders (5)
- 7NOV 2024order
Order No: N/A
- 7NOV 2024judgementView Order ↗
Order No: N/A
- 26SEP 2024order
Order No: N/A
Judgement DetailsView full order PDF ↗
IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “B”, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.4937/M/2011 Assessment Year: 2005-06 Income Tax Officer-5(2)(3) Now jurisdiction with Dy.
Commissioner of Income Tax 5(2), Room No.571, 5th Floor, Aayakar Bhavan, M.K.
Road, Mumbai – 400 020 Vs.
M/s.
Malabar Hill Club Limited, II Palazzo, B.G.
Kher Marg, Malabar Hill, Mumbai – 400 006 PAN: AAACW3868M (Appellant) (Respondent) Present for: Assessee by : Shri N.A.
Patade, Ld.
A.R.
Revenue by : Shri Nayanjyoti Nath, Ld.
Sr.
Commissioner of Income Tax (Appeals) (in short Ld.
Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y.
2005-06.
ITA No.4937/M/2011 M/s.
Malabar Hill Club Limited 2 2.
The Assessee has filed computation of tax effect including on the disallowance of Rs.1,17,69,615 u/s 14-A of the Act made by the Assessing Officer (AO), which is reduced to 5% by the Ld.
Commissioner.
3.
Admittedly, the tax effect involved in the case, is less than Rs.60,00,000/- which is the prescribed limit as set out in latest CBDT circular No.9/2024 dated 17.09.2024 for filling appeal before the Tribunal.
Thus, the appeal of the Revenue Department is liable to be dismissed, however, with liberty to the Revenue Department to seek recalling of this order, on finding the circumstance or judgment contrary, if any.
4.
Resultantly, the Revenue's appeal is dismissed with liberty as mentioned above.
Order pronounced in the open court on 07.11.2024.
Sd/- Sd/- (GIRISH AGRAWAL) (NARENDER KUMAR CHOUDHRY) ACCOUNTANT MEMBER JUDICIAL MEMBER * Kishore, Sr.
P.S. , Sr.
P.S.
Copy to: The Appellant The Respondent The CIT, Concerned, Mumbai The DR Concerned Bench //True Copy// By Order Dy/Asstt.
Registrar, ITAT, Mumbai.