Dhariya Construction Pvt Ltd, Pune V. Deputy Commissioner of Income-tax, Circle - 1(2), Pune

CO 31/PUN/2022

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 2847 (ITAT-PUNE)
• Duration Of Justice: 2 month(s) 24 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 12-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 22-06-2022
• Assessment Year: 2011-2012
• Appeal Filed On: 19-06-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Deemed dividend
• Section: 143(3)

Judgement Text

आयकर अपीलीय अधधकरण “ए” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI S.S.GODARA, JM AND SHRI DR. DIPAK P. RIPOTE, AM C.O. No.31/PUN/2022 (In ITA No.1938/PUN/2017) धनधाारण वषा / Assessment Year : 2011-12 DCIT, Circle -1(2), Pune .......अपीलाथी / Appellant बनाम / V/s. Dhariya Construction Pvt. Ltd., Plot No.43, Indu Niwas, Shivaji Housing Society, Shivaji Nagar Pune-411 016 PAN : AAECA9056B ......प्रत्यथी/Respondent/Cross-Objector Assessee by : Shri Abhay Avachat Revenue by : Shri Arvind Desai सुनवाई की तारीख / Date of Hearing : 23.06.2022 घोषणा की तारीख / Date of Pronouncement : 13.09.2022 आदेश / ORDER PER S. S. GODARA, JM : 1. This assessee’s Cross Objection for Assessment year 2011-12 has been filed in Revenue’s appeal ITA No. 1938/PN/2017 for A.Y. 2011-12 preferred against the CIT(A) - 1, Pune’s order dated 24/05/2017 passed in case No. PN/CIT(A) - 1/DCIT Cir.1(2)/PN/294/15-16, involving proceeding u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961 ; in short “the Act”. 2 C.O. No.31/PUN/2022 (Arising out of ITA No.1938/PUN/2017) A.Y. : 2011-12 Dhariya Construction Pvt. Ltd., 2. We note at the outset that the assessee has filed its letter dated 23.06.2022 as follows :- “The Revenue’s appeal in the above matter in ITA/1938/PUN/2017 was heard on 22/06/2022. The sole issue in the appeal was addition on account of deemed dividend u/s 2(22)(e). The amount of addition was Rs. 1,61,35,222/-. While passing Assessment Order there was a totaling error in calculation of deemed dividend of Rs. 61,35,222/-. Considering the arguments made at the time hearing of the appeal, we wish to withdraw the Cross appeal. So, we request your honour to permit us to withdraw the CO/31/PUN/2022 ” 3. The Revenue is fair enough in not disputing the assessee’s forgoing withdrawal averments. Ordered accordingly. 4. This assessee’s Cross Objection No. 31/PUN/2022 is dismissed as withdrawn in above terms. Order pronounced in the Open Court on this 13 th day of September, 2022. Sd/- Sd/- (DR.DIPAK P.RIPOTE) (S.S. GODARA) लेखा सदस्य/ ACCOUNTANT MEMBER न्याधयक सदस्य/JUDICIAL MEMBER पुणे / Pune; ददनाांक / Dated : 13 th September, 2022. Ashwini 3 C.O. No.31/PUN/2022 (Arising out of ITA No.1938/PUN/2017) A.Y. : 2011-12 Dhariya Construction Pvt. Ltd., आदेश की प्रधतधलधप अग्रेधषत / Copy of the Order forwarded to : 1. अपीलाथी / The Appellant. 2. प्रत्यथी / The Respondent. 3. The CIT(A)-1, Pune. 4. The Pr.CCIT -I, Pune. 5. धवभागीय प्रधतधनधध, आयकर अपीलीय अधधकरण, “ए” बेंच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गार्ा फ़ाइल / Guard File. आदेशानुसार / BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अधधकरण, पुणे / ITAT, Pune. 4 C.O. No.31/PUN/2022 (Arising out of ITA No.1938/PUN/2017) A.Y. : 2011-12 Dhariya Construction Pvt. Ltd., S.No. Details Date Initials 1 Draft dictated on 23.06.2022 2 Draft placed before author 06.09.2022 3 Draft proposed & placed before the Second Member 4 Draft discussed/approved by Second Member 5 Approved Draft comes to the Sr. PS/PS 6 Kept for pronouncement on 7 Date of uploading of Order 8 File sent to Bench Clerk 9 Date on which the file goes to the Head Clerk 10 Date on which file goes to the A.R. 11 Date of Dispatch of order