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ADDL CIT RG 4(1), MUMBAI vs. DEUTSCHE EQUITIES INDIA P.LTD, MUMBAI

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ITA 3873/MUM/2012[2007-08]Status: DisposedITAT Mumbai30 January 20253 pages

Income Tax Appellate Tribunal, MUMBAI BENCH “I” MUMBAI

Before: SHRI OM PRAKASH KANT () & SHRI SUNIL KUMAR SINGH () Assessment Year: 2007-08

For Appellant: Mr. Digvijay Awari
For Respondent: Mr. Krishna Kumar, Sr. DR
Hearing: 30/01/2025Pronounced: 30/01/2025

PER OM PRAKASH KANT, AM This appeal by the Revenue is directed against order dated 28.03.2012 passed by the Ld. Commissioner of Income-tax (Appeals) – 15, Mumbai [in short ‘the Ld. CIT(A)’] for assessment year 2007-08, raising following grounds:

1.

"On the facts CIT(A) has erre not applicable f 2. "On the facts CIT(A) has err Membership ca 3. "On the facts CIT(A) erred in Office Support 4. "On the facts of the Ld. CIT Assessing Offic 2. At the outset, submitted that tax ef threshold limit of Rs of Direct Taxes (CBD 17.09.2024 for filing and therefore, this Authorized Represent 2.1 In view of the dismissed as infructu 3. In the result, infructuous. Order pronoun (SUNIL KUMA JUDICIAL M Mumbai; M/s De ITA s and in the circumstances of the case and i ed in holding that the provisions of section 14 for AY 2007-08." s and in the circumstances of the case and i red in deleting the disallowance of depreci ard". s and in the circumstances of the case and i deleting the Transfer Pricing adjustment in re Services." s and in the circumstances of the case, the im T(A) is contrary to law to be set aside an cer be restored. the Ld. Departmental Repr ffect involved in the present app s.60,00,000/- prescribed by the DT) vide Circular No. 09/2024 N g appeal to the Income-tax App appeal is deemed to be withd tative (AR) did not object. appeal withdrawn by the Rev uous. the appeal of the Revenue i ced in the open Court on 30/0 - S AR SINGH) (OM PRAK MEMBER ACCOUNTA eutsche Equities P. Ltd. 2 A No. 3873/MUM/2012 n law, the Ld. 4A r.w.r 8D is n law, the Ld. iation on BSE n law, the Ld. espect of Back mpugned order nd that of the resentative (DR) peal is below the e Central Board New Delhi dated pellate Tribunal drawn. The Ld. venue, same is s dismissed as 01/2025. KASH KANT) ANT MEMBER

Dated: 30/01/2025
Rahul Sharma, Sr. P.S.

Copy of the Order forward
1. The Appellant
2. The Respondent.
3. CIT
4. DR, ITAT, Mumbai
5. Guard file.

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M/s De
ITA ded to :

BY ORDER

(Assistant Re

ITAT, Mu eutsche Equities P. Ltd.
3
A No. 3873/MUM/2012
R, gistrar) umbai

ADDL CIT RG 4(1), MUMBAI vs DEUTSCHE EQUITIES INDIA P.LTD, MUMBAI | BharatTax