LOTUS ENERGY (I) LTD,MUMBAI vs. CIT RG 8, MUMBAI
In the result, the appeal filed by the assessee in ITA No
ITA 4355/MUM/2011[2006-07]Status: DisposedITAT Mumbai14 Dec 2016AY 2006-07
Bench: Shri Mahavir Singh & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 4355/Mum/2011 ("नधा"रण वष" / Assessment Year : 2006-07) M/S Lotus Energy (India) Commissioner Of Income बनाम/ Ltd., Tax- Range 8, V. 409, Laxmi Plaza, 2 Nd Floor, Aaykar Bhavan, Laxmi Industrial Estate, M.K. Road, Andheri (W), Mumbai. Mumbai -400053. "थायी लेखा सं./Pan : Aabcl6119K (अपीलाथ" /Appellant) .. (""यथ" / Respondent)
For Respondent: Shri R.P. Meena
Section 143(3)Section 263Section 32Section 40
…ery as the same are used in multiple shifts at the plant. The A.O. has dismissed the audit objection relying on the decision in ITA 4355/Mum/2011 21 the case of Geetha Hotels Pvt. Ltd.(2002) 254 ITR 649 and in the case of Mewar Oil & General Mill Ltd. (2008)216 CTR 65(Raj.). The ld. Counsel relied on the decision in the case of CIT v. Triveni Tissues Ltd. (1994) 206 ITR 92(Cal.) and in the case of CIT v. Bharat Radiators P. Ltd., (1999) 239 ITR 608(Bom.). The ld. Counsel submitted that the order of the A.O. cannot be considered as erroneous and prejudicial to the interest of Revenue. The learned counsel for the…