M/s. KGMS Broking & Research Pvt. Ltd., Ahmedabad V. The Income Tax Officer, Ward-1(3)(3), Ahmedabad

CO 3/AHD/2016

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 1131 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 8 month(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 06-09-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2008-2009
• Appeal Filed On: 05-01-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: D K PARIKH

Judgement Text

, B IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, AHMEDABAD BEFORE SHRI RAJPAL YADAV, JUDICIAL MEMBER & SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER CROSS OBJECTION NO. 3/AHD/2016 (IN ITA NO. 3300/AHD/2015) ( ASSESSMENT YEAR : 2008-09) M/S. KGMS BROKING & RESEARCH P. LTD., 606, WALLSTREET II, OPP. ORIENT CLUB, ELLIS BRIDGE, AHMEDABAD / VS. I.T.O. WARD - 1(3)(3), AHMEDABAD / / PAN/GIR NO. : AABCK4489K ( APPELLANT ) .. ( / RESPONDENT ) / APPELLANT BY : SHRI D. K. PARIKH, A.R. / RESPONDENT BY : SHRI MUDIT NAGPAL, SR. D.R. DATE OF HEARING 30/08/2018 !'# / DATE OF PRONOUNCEMENT 06/09/2018 / O R D E R PER PRADIP KUMAR KEDIA - AM: THE CAPTIONED CROSS OBJECTION BY THE ASSESSEE ARISE S OUT OF THE SUBSTANTIVE APPEAL OF THE REVENUE IN ITA NO.3300/AH D/2015 RELEVANT TO ASSESSMENT YEAR ASSESSMENT YEAR (AY) 2008-09. CO NO. 3/AHD/16 [KGMS BROKING & RESEARCH P. LTD. VS . ITO] AY 2008-09 - 2 - 2. THE LEARNED AR FOR THE ASSESSEE SEEKS PERMISSION VIDE A WRITTEN REQUEST AT THE TIME OF HEARING TO WITHDRAW THE CAPT IONED CROSS OBJECTION OF THE ASSESSEE FILED IN THE REVENUES AP PEAL(SUPRA) ON THE GROUND THAT REVENUES APPEAL STANDS DISMISSED HOLDI NG THAT CIT(A) WAS JUSTIFIED IN CANCELLING THE RE-ASSESSMENT U/S.1 15WG AS BARRED BY TIME. THE LEARNED DR FOR THE REVENUE DOES NOT RAIS E 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 THUS, WE DISMISS THE CROSS OBJECTION OF THE ASSESSEE AS HAVING BEEN WITHDRAWN. 3. IN THE RESULT, THE CROSS OBJECTION OF THE ASSESS EE IS DISMISSED AS WITHDRAWN. SD/- SD/- (RAJPAL YADAV) (PRADIP K UMAR KEDIA) JUDICIAL MEMBER ACCOUNTANT MEMBER AHMEDABAD: DATED 06/09/2018 S. K. SINHA !'#' / COPY OF ORDER FORWARDED TO:- & / REVENUE 2 / ASSESSEE ( ) *+ , / CONCERNED CIT 4 ,- / CIT (A) / 012 33*+4 *+#4 56) / DR, ITAT, AHMEDABAD 7 289 : / GUARD FILE. BY ORDER / 4 / 5 *+#4 56) THIS ORDER PRONOUNCED IN OPEN COURT ON 06/09/201 8