IN THE ITAT MUMBAI BENCH 'D'

B.R. BASKARAN, A.M. AND AMIT SHUKLA, J.M.

Raptakos Brett & Co. Ltd. v. Dy. CIT

IT Appeal Nos. 3317 (Mum.) of 2009 & 1692 (Mum.) of 2010

Assessment Year: 2007-08

10 June, 2015 

Appellant by: Soli Dastur and Madhur Agarwal

Respondent by: Ravi Sawana

Amit Shukla, J.M.

The aforesaid appeals have been filed by the assessee against order dated 8-3-2009 passed by the Commissioner (Appeals) Central'II, Mumbai, for the quantum of assessment under section 143(3) for assessment year 2007-08 and against order dated 12-1-2010 in relation to the penalty proceedings under section 271(1)(c) for the assessment year 2007-08.

2. We will first take up the quantum appeal in ITA No. 3317/Mum/2009, vide which, following grounds have been raised.