ACIT 8(1), MUMBAI vs. CELETRONIX INDIA P. LTD, MUMBAI
In the result the appeal of the revenue is dismissed and the cross-objection filed by the assessee is allowed
ITA 5433/MUM/2009[2003-04]Status: DisposedITAT Mumbai29 Apr 2016AY 2003-04
Bench: Shri Amit Shukla, Jm & Shri Rajesh Kumar, Am आमकय अऩीर सं./I.T.A. No.5433/Mum/2009 (ननधधारण वषा / Assessment Year : 2003-04) बनधम/ Celetronix India Pvt Ltd, Asstt. Commissioner Of Income C/O Jabil Circuit (I) Pvt.Ltd., Tax -8(1), Vs. Arena House, 3Rd Floor, Plot No.103, Room No.210, 2Nd Floor, Road No.12, Opp Tunga Paradise, Aayaker Bhavan, Marol, Midc, Andheri (E), M K Road, Mumbai-400093 Mumbai-400020 स्थधयी ऱेखध सं./ Pan : Aaact7548K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Cross-Objection No.81/Mum/2010 Arising Out Of I.T.A. No.5433/Mum/2009 (ननधधारण वषा / Assessment Year : 2003-04) Celetronix India Pvt Ltd, बनधम/ Asstt.Commissioner Of Income Tax 8(1), Vs. Mumbai-400020 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..
For Appellant: Ms.Radha K NarangFor Respondent: S/Shri Sanjiv Shah, Shailesh
Section 10ASection 10A(9)Section 143(2)Section 143(3)
section 10A even when the change in share holding pattern of the assessee had taken place in the year 2002-03 of more than 51%.
Thus, we decide this issue in favour of the assessee on legal issue.
7.1. So far as the merit of the case is concerned, we find that the assessee has gone into substantial expansion
