Sindhu Trade Links Ltd., New Delhi V. ACIT, Central Circle-19 , New Delhi

CO 30/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 6771 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 7 month(s) 12 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 11-09-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 29-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAKHI VIMAL SENIOR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI FRIDAY BENCH FRIDAY BENCH FRIDAY BENCH FRIDAY BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER CROSS OBJECTION CROSS OBJECTION CROSS OBJECTION CROSS OBJECTION NO. NO. NO. NO. 30 3030 30 /DEL/201 /DEL/201 /DEL/201 /DEL/201 9 99 9 (IN ITA NO.7504/DEL/2018) (IN ITA NO.7504/DEL/2018) (IN ITA NO.7504/DEL/2018) (IN ITA NO.7504/DEL/2018) ASSESSMENT ASSESSMENT ASSESSMENT ASSESSMENT YEAR YEAR YEAR YEAR : : : : 20 2020 20 10 1010 10 - -- - 11 1111 11 M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., (ERSTWHILE SINDHU HOLDING (ERSTWHILE SINDHU HOLDING (ERSTWHILE SINDHU HOLDING (ERSTWHILE SINDHU HOLDING LTD.), LTD.), LTD.), LTD.), 17, VASANT ENCLAVE, 17, VASANT ENCLAVE, 17, VASANT ENCLAVE, 17, VASANT ENCLAVE, RAO TULA MARG, RAO TULA MARG, RAO TULA MARG, RAO TULA MARG, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 057. 110 057. 110 057. 110 057. PAN : AACCB4137E. PAN : AACCB4137E. PAN : AACCB4137E. PAN : AACCB4137E. VS. VS. VS. VS. ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -19, 19, 19, 19, E EE E- -- -2, ARA CENTRE, 2, ARA CENTRE, 2, ARA CENTRE, 2, ARA CENTRE, JHANDEWALAN EXTN., JHANDEWALAN EXTN., JHANDEWALAN EXTN., JHANDEWALAN EXTN., NE NENE NEW DELHI W DELHI W DELHI W DELHI 110 055. 110 055. 110 055. 110 055. (APPELLANT) (RESPONDENT) APPELLANT BY : NONE. RESPONDENT BY : MS. RAKHI VIMAL, SENIOR DR. DATE OF HEARING : 1 11 11.09 1.09 1.09 1.09.2020 .2020 .2020 .2020 DATE OF PRONOUNCEMENT : 1 11 11.09 1.09 1.09 1.09.2020 .2020 .2020 .2020 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THIS CROSS-OBJECTION BY THE ASSESSEE FOR THE ASSES SMENT YEAR 2010-11 IS DIRECTED AGAINST THE ORDER OF LEARNED CI T(A), NEW DELHI. 2. NOBODY APPEARED ON BEHALF OF THE ASSESSEE BEFORE US AT THE TIME OF THE VIRTUAL HEARING. AT THE TIME OF HEARING, IT WAS BROUGHT TO THE NOTICE OF THE BENCH THAT THE APPEAL OF THE DEPARTME NT IN ITA NO.7504/DEL/2018, AGAINST WHICH THE INSTANT CROSS-O BJECTION HAS BEEN FILED, HAS ALREADY BEEN DISMISSED BY THE TRIBUNAL V IDE ORDER DATED 23 RD AUGUST, 2019 ON ACCOUNT OF LOW TAX EFFECT. C.O. NO.30/DEL/2019 2 3. IN VIEW OF THE FACT THAT THE APPEAL OF THE REVEN UE HAS ALREADY BEEN DISMISSED BY THE TRIBUNAL BEING NOT FOUND MAIN TAINABLE ON ACCOUNT OF LOW TAX EFFECT, THE CROSS-OBJECTION FILE D BY THE ASSESSEE HAS BECOME INFRUCTUOUS, AND, ACCORDINGLY, IS DISMISSED. 4. IN THE RESULT, THE CROSS-OBJECTION OF THE ASSESS EE IS DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING ON 11 TH SEPTEMBER, 2020. SD/- SD/- ( (( ( K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., M/S SINDHU TRADE LINKS LTD., (ERSTWHILE SINDHU HOLDING LTD.), (ERSTWHILE SINDHU HOLDING LTD.), (ERSTWHILE SINDHU HOLDING LTD.), (ERSTWHILE SINDHU HOLDING LTD.), 17, VASANT ENCLAVE, RAO TULA MARG, 17, VASANT ENCLAVE, RAO TULA MARG, 17, VASANT ENCLAVE, RAO TULA MARG, 17, VASANT ENCLAVE, RAO TULA MARG, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 057. 110 057. 110 057. 110 057. 2. RESPONDENT : ASSISTANT COMMISSIONER OF INCOME TA X, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -19,E 19,E 19,E 19,E- -- -2, ARA CENTRE, 2, ARA CENTRE, 2, ARA CENTRE, 2, ARA CENTRE, JHANDE JHANDE JHANDE JHANDEWALAN EXTN., WALAN EXTN., WALAN EXTN., WALAN EXTN., NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 055. 110 055. 110 055. 110 055. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR