Nippon Tubes Ltd., Delhi V. ACIT, Circle- 18(2), New Delhi

CO 157/DEL/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 6778 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 15 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 11-09-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 26-07-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAKHI VIMAL SENIOR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI FRIDAY BENCH A : NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER CROSS OBJECTION NO.157/DEL/2018 (IN ITA NO.4306/DEL/2018) ASSESSMENT YEAR : 2014-15 NIPPON TUBES LTD., ROOM NO. AS-4, 2 FLOOR, 5006, JAISAV PLACE, HAUZ QAZI, DELHI 6 (PAN : AACCC3888K). VS. ACIT, CIRCLE 18(2), NEW DELHI (APPELLANT) (RESPONDENT) APPELLANT BY : NONE. RESPONDENT BY : MS. RAKHI VIMAL, SENIOR DR. DATE OF HEARING : 11.09.2020 DATE OF PRONOUNCEMENT : 11.09.2020 ORDER PER G.S. PANNU, VP : THIS CROSS-OBJECTION BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2014-15 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-6, DELHI. C.O. NO.157/DEL/2018 2 2. NOBODY APPEARED ON BEHALF OF THE ASSESSEE BEFORE US AT THE TIME OF VIRTUAL HEARING. IT WAS BROUGHT TO THE NOTICE OF THE BEN CH THAT THE APPEAL OF THE DEPARTMENT IN ITA NO. 4306/DEL/2018, AGAINST WHICH THE INSTANT CROSS- OBJECTION HAS BEEN FILED, HAS ALREADY BEEN DISMISSED BY THE TR IBUNAL VIDE ORDER DATED 23.08.2019 ON ACCOUNT OF LOW TAX EFFECT. 3. IN VIEW OF THE FACT THAT THE APPEAL OF THE REVENUE HAS ALREADY BEEN DISMISSED BY THE TRIBUNAL BEING NOT FOUND MAINTAINABLE ON ACCOUN T OF LOW TAX EFFECT, THE CROSS-OBJECTION FILED BY THE ASSESSEE HAS BE COME INFRUCTUOUS, AND, ACCORDINGLY, IS DISMISSED. 4. IN THE RESULT, THE CROSS-OBJECTION OF THE ASSESSEE IS DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 11 SEPTEMBER, 2020 SD/- SD/- (K. NARASIMHA CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SRB COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR