ESSAR SHIPPING LIMITED ,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 5, MUMBAI
In the result, appeal of the assessee is allowed as indicated above
ITA 3156/MUM/2018[2011-12]Status: DisposedITAT Mumbai30 Sept 2019AY 2011-12
Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Blem/S. Essar Shipping Limited V. Pr. Cit-5 Essar House, 11, K.K. Marg Room No. 501 Mahalaxmi, Mumbai – 400 034 Aayakar Bhavan, M.K. Road Mumbai-400 020 Pan: Aacce3707D (Appellant) (Respondent) Assessee By : Shri Vijay Mehta Department By : Shri D.G. Pansari
For Appellant: Shri Vijay MehtaFor Respondent: Shri D.G. Pansari
Section 143(1)Section 144C(1)Section 263Section 92C
revising such assessment order which is barred by limitation is also not valid. Reliance was placed on the following decisions: -
(i).
M/s. Westlife Development Ltd., v. Pr.CIT in ITA.No. 688/Mum/2016 date 24.06.2016
(ii).
Classic Flour & Food Processing Pvt. Ltd., v. CIT in ITA.Nos. 764 to 766/Kol/2014
dated 05.04.2017. (iii).
Supersonic Technologies Pvt. Ltd., v. Pr.CIT [197 TTJ 889]
8. Coming