ACIT 11(1), Mumbai Vs. Livewire Programme TRDG. CO P. LTD, Mumbai

Last updated: 10 October 2020

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This document outlines an Income Tax Appellate Tribunal case heard in Mumbai concerning ACIT-11(1) against Livewire Programme Trading Co. P. Ltd. The appeals cover assessment years 2002-03, 2003-04, and 2004-05. The case involves cross-appeals filed by both the Assistant Commissioner of Income Tax and Livewire Programme Trading Co. P. Ltd.

Court :
ITAT Mumbai

Brief :
Aforesaid appeals by revenue for Assessment Years [in short referred to as ‘AY’] 2002-03 to 2004-05 contest separate order of learned first appellate authority on certain common grounds of appeal. The facts as well as issues are stated to be pari-materia the same in all the 3 years and therefore, the appeals were heard together and are now being disposed-off by way of this consolidated order for the sake of convenience and brevity. The assessee has filed cross-objections against the same which would be adjudicated along with revenue’s appeals.

Citation :
I.T.A. No.3264/Mum/2010 I.T.A. No.3265/Mum/2010 I.T.A. No.3266/Mum/2010

IN THE INCOME TAX APPELLATE TRIBUNAL
“G” BENCH, MUMBAI
BEFORE JUSTICE SHRI P. P. BHATT, PRESIDENT AND
SHRI MANOJ KUMAR AGGARWAL, AM
(Hearing through Video Conferencing Mode)
I.T.A. No.3264/Mum/2010
(Assessment Year: 2002-03)
&
I.T.A. No.3265/Mum/2010
(Assessment Year: 2003-04)
&
I.T.A. No.3266/Mum/2010
(Assessment Year: 2004-05)

ACIT-11(1) Room No.439 Aaykar Bhavan M.K. Marg Mumbai-400 020.
(Appellant)

Vs.

M/s. Livewire Programme Trading Co. P. Ltd. Star House, Dr. E. Moses Road Mahalaxmi, Mumbai-400 011.
PAN: AAACL-0864-E
(Respondent)

C.O. No.23/Mum/2011
(Arising out of ITA No. 3264/Mum/2010)
(Assessment Year: 2002-03)
&
C.O. No.24/Mum/2011
(Arising out of ITA No.3265/Mum/2010
(Assessment Year: 2003-04)
&
C.O. No.25/Mum/2011
(Arising out of ITA No.3266/Mum/2010
(Assessment Year: 2004-05)

M/s. Livewire Programme Trading Co. P. Ltd.Star House, Dr. E. Moses Road Mahalaxmi, Mumbai-400 011.
(Appellant)

Vs.

ACIT-11(1) Room No.439 Aaykar Bhavan M.K. Marg Mumbai-400 020.
PAN: AAACL-0864-E
(Respondent)

To know more in details find the attachment file

FAQ :

The case was heard by the Income Tax Appellate Tribunal, "G" Bench, Mumbai.

The parties are the Assistant Commissioner of Income Tax (ACIT-11(1), Mumbai) as the appellant and M/s. Livewire Programme Trading Co. P. Ltd. as the respondent.

The assessment years covered are 2002-03, 2003-04, and 2004-05.

The main appeal numbers are I.T.A. No.3264/Mum/2010, I.T.A. No.3265/Mum/2010, and I.T.A. No.3266/Mum/2010.

Yes, there are cross-objections (C.O.) filed by M/s. Livewire Programme Trading Co. P. Ltd. against the ACIT for the same assessment years.