2014 (5) TMI 282

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....d Pinto For the Respondents : Mr. Abhishek Tilak i/b Sameer G. Dalal ORDER P. C. 1. The present Appeal challenges the order passed by the Income Tax Appellate Tribunal, Mumbai Bench in Income Tax Appeal No.4821/Mum/2009 dated 30th September 2010. The Assessment Year in question is 2006-07. 2. The Tribunal has categorically observed that in disposing of the Revenue's Appeal and e....

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.... appeal are covered against the revenue by the judgment of this Court in the case of Commissioner of Income Tax (Appeals) Vs. M/s.Kotak Securities Ltd. (Income Tax Appeal No.3111 of 2009) decided by us today i.e. 21st October 2011, the decision in the case of The Income Tax Commissioner Vs. Angel Capital & Debit Market Ltd (Income Tax Appeal (L) No.475 of 2011) decided on 28th July 2011 and the de....

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.... insists in arguing Appeals in this manner and for subsequent Assessment Years. The Revenue ought to have been fair and brought to the notice of this Court the fact that its Appeal challenging the very findings and conclusions for prior Assessment Years has been dismissed by this Court on merits. The reasons assigned ought to have been pointed out to us and thereafter, any explanation should have ....

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....rt that hereafter the judicial orders and directions would be abided by in all matters and if appropriate averments are not made, they would be incorporated and inserted to the effect that the orders of the Tribunal for prior Assessment Years and in the case of very Assessee have been either challenged or otherwise. If the challenge is pending even that statement would also be made. If it is decid....