Allowing the application of the assessee, the Tribunal held that Judgments relied upon by the ITAT were not confronted to any of the parties and hence the order was recalled. Tribunal relied on Inventure growth & securities ltd. (2010) 324 ITR 319 (Bom) (HC), Deepak Dalela v. ITO (2014) 147 ITD 19 (Jaipur) (Trib.), CIT v. Quality steel tubes ltd. (2012) 253 CTR 298 (All.) (HC), Honda siel power products Ltd. v. CIT (2007) 295 ITR 466 (SC), CIT v. S. Kumar tyres Mfg. Co. (2008) 305 ITR 360 (MP) (HC) and Naresh K. Pahuja v. ITO (2009) 224 CTR 284 (Bom) (HC).
MA No. 223/M/2017, dt. 2/3/2018 (A.Y. 2009-10)