M/S. RENISHAW METROLOGY SYSTEMS LTD.,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, PUNE

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ITA 623/PUN/2015Status: DisposedITAT Pune17 February 2020AY 2010-112 pages
AI SummaryPartly Allowed

What did the Tribunal hold?

The tribunal clarified that a specific sentence in the original judgment should be read as directing the AO to accept the value of managerial services as claimed by the assessee, rather than specifying 'at Nil'.

What were the facts?

This is a corrigendum to a previous ITAT judgment. It rectifies a typographical error in paragraph 13 of the original order.

What were the issues?

The issue was a typographical error in the previous judgment regarding the valuation of managerial services.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “C” BENCH, PUNE

Before: SHRI R.S. SYAL & SHRI S.S. VISWANETHRA RAVI

PER S.S. VISWANETHRA RAVI, JM :

1.

The present corrigendum is being issued to correct the inadvertent typographical error in mentioning the sentence “direct the AO to accept the value of managerial services as claimed by the assessee at Nil” in Para 13 at page 7 of 29-01-2020. We find the same requires rectification by way of this corrigendum.

2.

The sentence in Para 13 at page 7, mentioned as “direct the AO to accept the value of managerial services as claimed by the assessee at Nil” is to be read as “direct the AO to accept the value of managerial services as claimed by the assessee”. Therefore, the sentence mentioned in Para 13 at page 7, hereafter shall be read as “direct the AO to accept the value of managerial services as claimed by the assessee”.

Sd/- Sd/- (R.S. Syal) (S.S. Viswanethra Ravi) VICE PRESIDENT JUDICIAL MEMBER पुणे / Pune; दिनाांक / Dated : 17th February, 2020. RK आदेश की प्रनिलऱपप अग्रेपषि / Copy of the Order forwarded to : अपीऱार्थी / The Appellant. 1. प्रत्यर्थी / The Respondent. 2. 3. The Dispute Resolution Panel, Pune 4. The DIT (IT&TP), Pune विभागीय प्रतितनधि, आयकर अपीऱीय अधिकरण, “सी” बेंच, 5. पुणे / DR, ITAT, “C” Bench, Pune. गार्ड फ़ाइऱ / Guard File. 6. //सत्यावपि प्रति// True Copy// आिेशानुसार / BY ORDER,

तनजी सधचि / Private Secretary, आयकर अपीऱीय अधिकरण, पुणे / ITAT, Pune

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