ACIT (IT) 2(1)(1), MUMBAI vs. CLSA LTD , MUMBAI
In the result, cross objection filed by assessee is allowed and appeal filed by the revenue is dismissed
ITA 6390/MUM/2018[2011-12]Status: DisposedITAT Mumbai07 Sept 2021AY 2011-12
Bench: Shri Pramod Kumar & Shri Pavan Kumar Gadale & Co No. 222/Mum/2019 (A.Y. 2011-12) Acit (It)-2(1)(1) Vs. M/S. Clsa Ltd Room No. 1713, 17Th C/O Bmr & Associates Floor, Air India Bldg, Llp, Bmr House, 36B, Nariman Point, Dr. Rk Shirodkar Marg Mumbai – 400 021. Parel, Mumbai – 400012 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccc4522E Appellant/Respondent .. Respondent/Appellant Appellant/Respondent By : Shri.Vijay Kumar Subramanyam. Dr Respondent/Appellant By : Shri.Paras Savla, Ar Date Of Hearing 25.06.2021 Date Of Pronouncement 07.09.2021 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Revenue Has Filed The Appeal & The Assessee Has Filed The Cross Objection Against The Order Of The Commissioner Of Income Tax (Appeals)(Cit(A)) –56, Mumbai Passed U/S 271(1)(C) & 250 Of The Income Tax Act, 1961. Ita No. 6390/Mum/2018 & Co No. 222/Mum/2019 Clsa Ltd, Mumbai 2. The Assessee Has Filed The Cross Objection On The Legal Issue Of Challenging The Validity Of Penalty Notice. We Shall Take Up Cross Objection (C.O) No.222/Mum/2019 & The Facts Narrated. The Assessee Has Raised The Sole Ground Of Cross Objection.
For Appellant: Shri.Paras Savla, ARFor Respondent: Shri.Vijay Kumar
Section 115A(1)(b)Section 143(2)Section 271(1)(c)
115A(1)(b)(BB) of the Act. Against the Draft assessment order, the assessee has filed objections before the DRP. After considering the assessee submissions and findings of the A.O. the DRP has confirmed the action of the A.O. and issued directions on 22.12.2015. Further the final assessment order was passed on 29.01.2016 as per directions
