The Sardar Patel Co Opertaive Credit Society Limited, Vijapur V. The ACIT, Gandhinagar Circle, Gandhinagar

CO 1/AHD/2024

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 2122 (ITAT-AHMEDABAD)
• Duration Of Justice: 4 month(s) 15 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 28-05-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 27-05-2024
• Assessment Year: 2018-2019
• Appeal Filed On: 12-01-2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUDHAKAR VERMA
• Assessee Lawyers: HASMUKH V DOSHI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER C . O . N o. 0 1 /A hd /2 02 4 ( A s se ss m e nt Y e a r : 20 18- 19 ) The S ar d a r Pa t el C o O pe r a ti v e Cr e di t So ci e t y L td ., 1 s t F lo o r , Sh r ee j i A rc a d e , N r . H D FC B an k Lt d., T B R o ad , V ija p u r , Gu j ar at - 3 8 28 7 0 Vs .The A ss is ta nt C o mm i ss i on er of I n c o m e T a x, G a n d hin ag a r C ir c le , G a n d hin ag a r [P A N N o .A A A A T4 74 1N] (Appellant) .. (Respondent) Appellant by : Shri Hasmukh V Doshi, C.A. Respondent by: Shri Sudhakar Verma, Sr. DR D a t e of H ea r i ng 28.05.2024 D a t e of P r o no u n ce me nt 29.05.2024 O R D E R PER SIDDHARTHA NAUTIYAL - JUDICIAL MEMBER: At the time when the matter was called for hearing, the Counsel for the assessee submitted that he has filed application for withdrawal of present Cross Objection dated 23.05.2024 and the Counsel for the assessee submitted that he wishes to withdraw the present Cross Objection since the Assessing Officer has already considered the claim of the assessee and has allowed this issue in favour of the assessee. Accordingly, since the assessee has no further grievance, accordingly, the assessee wishes to withdraw the present Cross Objection filed before the Hon’ble ITAT. 2. It would be useful to reproduce the letter filed by the assessee requesting for withdrawal of the Cross Objection for ready reference:- C.O. No. 01/Ahd/2024 The Sardar Patel Co. Op. Credit Society Ltd. vs. ACIT Asst.Year –2018-19 - 2– “1. Above cross objection was filed for claim of deduction u/s 80P(2)(a)(i) in respect of profit from interest income from loan to members. 2. During last hearing, your honour has given us opportunity to submit tax audit report as evidence in support of facts for interest income from loan to members. 3. AS above claim has been considered by AO, your appellant has now no ground for cross objection and so appellant is not filing tax audit report. 4. In view of above, your appellant prey your honour to permit the withdrawal of cross objection filed.” 3. In view of the written application filed by the Counsel for the assessee requesting for withdrawal of the Cross Objection, the appeal / Cross Objection filed by the assessee is hereby dismissed as withdrawn. 4. In the result, the Cross Objection filed by the assessee is hereby dismissed as withdrawn. This Order pronounced in Open Court on 29/05/2024 Sd/- Sd/- (MAKARAND V. MAHADEOKAR) (SIDDHARTHA NAUTIYAL) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 29/05/2024 TANMAY, Sr. PS TRUE COPY आदेश क त ल प अ े षत/Copy of the Order forwarded to : 1. अपीलाथ / The Appellant 2. यथ / The Respondent. 3. संबं धत आयकर आय ु त / Concerned CIT 4. आयकर आय ु त(अपील) / The CIT(A)- 5. वभागीय त न ध, आयकर अपील!य अ धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड' फाईल / Guard file. आदेशान ु सार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt.Registrar) आयकर अपील य अ धकरण, अहमदाबाद / ITAT, Ahmedabad