TRIMODE PROPERTIES PVT. LTD.,MUMBAI vs. DCIT - 15(3)(1), MUMBAI
In the result the appeal of the assessee is allowed
ITA 4977/MUM/2016[2012-13]Status: DisposedITAT Mumbai26 Jun 2019AY 2012-13
Bench: Shri G.S. Pannu & Shri Pawan Singhtrimode Properties Pvt. Ltd. Acit - 10(3) Dgp House, 3Rd Floor, Aayakar Bhavan, M.K. Road, 88C, Old Prabhadevi Road, Mumbai-400020. Mumbai-400025. Vs. Pan: Aabct2569F Appellant Respondent Trimode Properties Pvt. Ltd. Dcit - 15(3)(1) Dgp House, 3Rd Floor, Aayakar Bhavan, M.K. Road, 88C, Old Prabhadevi Road, Mumbai-400020. Mumbai-400025. Vs. Pan: Aabct2569F Appellant Respondent Appellant By : Shri Percy J. Pardiwalla, Shri Nitesh Joshi & Shri Hitesh Trivedi (Ars) Respondent By : Shri Rajiv Gubgotra (Dr) Date Of Hearing : 10.05.2019 Date Of Pronouncement : 26.06.2019 Orderunder Section 254(1)Of Income Tax Act Per Pawan Singh; 1. These Two Appeals By Assessee Are Directed Against The Orders Of Ld. Commissioner Of Income-Tax [Cit(A)]-22, Mumbai Dated 27.02.2012 & Ld. Cit(A)-24, Mumbai Dated 24.06.2016 For Assessment Year (Ay) For Ita No. 3471/M/12 & 4977/M/16- Trimode Properties Pvt. Ltd.
For Appellant: Shri Percy J. PardiwallaFor Respondent: Shri Rajiv Gubgotra (DR)
Section 143(3)Section 254(1)Section 40A(2)Section 40A(2)(b)
section 40A(2) of the Act to the payments independent parties.
2. (a) The appellant submits that the learned Commissioner of Income-tax
(Appeals) erred in upholding the action of the Assessing Officer in disallowing depreciation