Inductotherm (India) Private Ltd., Ahmedabad V. The Dy.CIT.,Circle-2(1)(1), Ahmedabad

CO 128/AHD/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5750 (ITAT-AHMEDABAD)
• Duration Of Justice: 1 year(s) 6 month(s) 24 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 04-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2013-2014
• Appeal Filed On: 10-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: LALIT P JAIN
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD D BENCH (BEFORE SHRI RAJPAL YADAV, VICE PRESIDENT & SHRI WASEEM AHMED, ACCOUNTANT MEMBER) [THROUGH VIRTUAL COURT] C.O. NO. 128/AHD/2019 (IN ITA. NO: 976/AHD/2018) (ASSESSMENT YEARS: 2013-14) INDUCTOTHERM (INDIA) PVT. LTD. PLOT NO. SM-6, ROAD NO. 11, SANAND-II INDUSTRIAL ESTATE, BOL VILLAGE, TALUKA-SANAND, AHMEDABAD-382170, GUJARAT PAN NO. AAACI3672B THE DY. CIT, CIRCLE-2(1)(2), AHMEDABAD (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI PRATIK SHAH, A.R. RESPONDENT BY : SHRI LALIT P. JAIN, SR. D.R. ( )/ ORDER DATE OF HEARING : 02-02-2021 DATE OF PRONOUNCEMENT : 04 -02-2021 PER RAJPAL YADAV, V.P. 1. THE CAPTIONED CROSS OBJECTION BY THE ASSESSEE ARISES OUT OF THE SUBSTANTIVE APPEAL OF THE REVENUE IN ITA NO.976/AHD/2018 RELEVANT TO ASSESSMENT YEAR ASSESSMENT YEAR (AY) 2013-14. C.O. NO. 128/AHD/2019 . A.Y. 2013-14 2 2. THE LD.AR FOR THE ASSESSEE SHRI PRATIK SHAH SEEKS PERMISSION VIDE HIS ORAL REPRESENTATION AT THE TIME OF HEARING TO WITHDRAW THE CAPTIONED CROSS OBJECTION OF THE ASSESSEE FILED IN THE REVENUES APPEAL(SUPRA) ON THE GROUND THAT REVENUES APPEAL STANDS DISMISSED OWING TO LOW TAX EFFECT. THE LD.DR FOR THE REVENUE DOES NOT RAISE ANY OBJECTION. ACCORDINGLY, THE PRAYER FOR WITHDRAWAL OF THE CROSS OBJECTION FILED BY THE ASSESSEE STANDS ACCEPTED. THUS, WE DISMISS THE CROSS OBJECTION OF THE ASSESSEE AS HAVING BEEN WITHDRAWN. 3. IN THE RESULT, THE CROSS OBJECTION OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 04- 02- 2021 SD/- SD/- (WASEEM AHMED) (RAJPAL YADAV) ACCOUNTANT MEMBER TRUE COPY VICE PRESIDENT AHMEDABAD: DATED 04/02/2021 RAJESH COPY OF THE ORDER FORWARDED TO:- 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHMEDABAD