ASST CIT 2(3), MUMBAI vs. TRENDS HOLDING & CONSULTANCY P.LTD, MUMBAI
In the result the appeal of the appellant is allowed
ITA 7379/MUM/2013[2009-10]Status: DisposedITAT Mumbai28 Feb 2017AY 2009-10
Bench: Shri D. Karunakara Rao, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.7379/Mum/2013 (िनधा"रणवष" / Assessment Year: 2009-10) बनाम/ Acit 2(3) M/S. Trends Holdings & R. No.552, 5Th Floor, Consultancy Pvt. Ltd. Vs. Aayakar Bhavan, M.K.Road, 11, Horizone View, 381, Mumbai – 400020 J. General Bhonsale Marg, Opp. Sachivalaya Gymkhana Mumbai - 400021 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaact3203D (अपीलाथ"/Appellant) (""थ" /Respondent) ..
For Appellant: Shri Vipul JoshiFor Respondent: Shri Sambit Mishra
Section 115JSection 143(3)Section 271(1)(c)
Housing
Society Ltd, 31 SOT 474 (Mumbai); Enpake Motors Pvt. Ltd,
ITA No. 914/Mum/2008]. It has also been held that where a legal issue under consideration is debatable and the assessee makes a claim which is not acceptable, penalty cannot be levied [Devsons
Pvt. Ltd, 329 ITR 483 (Del)]. Let us examine a few of these judgements. In the case
