Madhur Shares & Stock Pvt. Ltd., Ahmedabad V. ACIT., Circle-3, Ahmedabad

CO 21/AHD/2008

• Counselvise Citation: [2010] 122 COUNSELVISE.COM (IT) 4730 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 5 month(s) 27 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 20-07-2010
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 20-07-2010
• Assessment Year: 2001-2002
• Appeal Filed On: 23-01-2008
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH AHMEDABAD (BEFORE S/SHRI BHAVNESH SAINI, JM AND D. C. AGRAWAL , AM) C. O. NO.21/AHD/2008 (IN ITA NO.108/AHD/2008 FOR A.Y. 2000-01) MADHUR SHARE & STOCK PVT. LTD., MADHUR COMPLEX, STADIUM CIRCLE, NAVRANGPURA, AHMEDABAD VS THE A. C. I. T., CIRCLE-3, 5 TH FLOOR, INSURANCE BUILDING, ASHRAM ROAD, AHMEDABAD PA NO. -- (CROSS OBJECTOR) (RESPONDENT) CROSS OBJECTOR BY SHRI S. N. SOPARKAR, AR RESPONDENT BY SHRI R. K. DHANESTA, DR O R D E R PER BHAVNESH SAINI: THE ASSESSEE IN THE CROSS OBJECTION HAS CHALLENGED REOPENING OF THE ASSESSMENT U/S 147 OF T HE IT ACT AND LEVY OF INTEREST U/S 234A, 234B, 234C AND 234D OF THE IT AC T. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT HE WOULD NO T BE PRESSING THE CROSS OBJECTION. 2. IN THIS VIEW OF THE MATTER, THE CROSS OBJECTION OF THE ASSESSEE IS DISMISSED BEING NOT PRESSED. 3. AS A RESULT, THE CROSS OBJECTION OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 20-06-2010 SD/- SD/- (D. C. AGRAWAL) ACCOUNTANT MEMBER (BHAVNESH SAINI) JUDICIAL MEMBER DATE : 20-06-2010 C. O. NO.21/AHD/2008 (IN ITA NO.108/AHD/2008) MADHUR SHARE & STOCK PVT. LTD.VS ACIT, CIR-3, AHMED ABAD 2 LAKSHMIKANT/- COPY OF THE ORDER FORWARDED TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT CONCERNED 4. THE CIT(A) CONCERNED 5. THE DR, ITAT, AHMEDABAD 6. GUARD FILE BY ORDER D Y. REGISTRAR, ITAT, AHMEDABAD