M/s. Diamonds 'R' US v. Dy. Commissioner of Income-tax, Central Circle-III, Mumbai
[Citation -2016-LL-0928-103]
| Citation | 2016-LL-0928-103 |
|---|---|
| Appellant Name | M/s. Diamonds 'R' US |
| Respondent Name | Dy. Commissioner of Income-tax, Central Circle-III, Mumbai |
| Court | ITAT-Mumbai |
| Relevant Act | Income-tax |
| Date of Order | 28/09/2016 |
| Assessment Year | 2008-09 |
| Judgment | View Judgment |
| Keyword Tags | revision order |
| Bot Summary: | AR has stated that pursuant to the passing of the order u/s 263 of the Act, the AO has passed order u/s 143(3) 2 ITA No.2945/ Mum/2013 r.w.s.263 of the Act and had made certain additions. In subsequent, appeal filed against the said order passed by the AO u/s 143(3) r.w.s.263, the ld. CIT(A) allowed the appeal of the assessee and deleted the additions so made by the AO. Being aggrieved against the said order of the ld. The Tribunal after considering the relevant submissions of the parties has dismissed the appeal of the Revenue vide order dated 25.7.2016 passed in ITA No.3241/Mum/2016. AR has stated that as on today, since the addition made by the AO in pursuance to the direction given by the CIT through impugned order stood deleted at this stage, the issue raised by the assessee in this appeal has been rendered academic in nature and will not have any bearing on the tax liability of the assessee. CIT passed u/s 263 of the Act goes academic and the Tribunal therefore dismissed the appeal of the assessee. The above order was pronounced in the open court on 28th Sept, 2016. |