M/s Becon Construction Pvt. Ltd., New Delhi V. ACIT, New Delhi

CO 354/DEL/2016

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0815 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 15 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 17-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 02-12-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SATPAL GULATI
• Assessee Lawyers: SASHWAT BAJPAYEE
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: A, NEW DELHI BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCE) ITA NO. 5173/DEL/2016 ASSESSMENT YEAR: 2012-13 ACIT, CENTRAL CIRCLE-8, NEW DELHI VS. M/S BECON CONSTRUCTION PVT. LTD. B-25, PLOT NO. 2, ASHOK NAGAR, DB GUPTA ROAD, NEAR FAIZ CHOWK, KAROL BAGH, NEW DELHI 5 (PAN: AACCB9387Q) (APPELLANT) (RESPONDENT) C.O. NO. 354/DEL/2016 IN ITA NO. 5173/DEL/2016 ASSESSMENT YEAR: 2012-13 M/S BECON CONSTRUCTIONS PVT. LTD. B- 25, PLOT NO. 2, ASHOK NAGAR, DB GUPTA ROAD, NEAR FAIZ CHOWK, KAROL BAGH, NEW DELHI 5 (PAN: AACCB9387Q) VS. ACIT, CENTRAL CIRCLE - 8, NEW DELHI (APPELLANT) (RESPONDENT) DEPARTMENT BY SH. SATPAL GULATI, CIT(DR) ASSESSEE BY SH. SASHWAT BAJPAYEE, ADV. 2 ORDER PER H.S. SIDHU, JM THE REVENUE HAS FILED THE APPEAL AND THE ASSES SEE HAS FILED THE CROSS OBJECTION AGAINST THE IMPUGNED ORDE R DATED 25.7.2016 PASSED BY THE LD. CIT(A)-24, NEW DELHI RELEVANT TO ASSESSMENT YEAR 2012-13. 2. AT THE TIME OF HEARING BOTH THE PARTIES AGREED T HAT IN THE AFORESAID REVENUE APPEAL THE TAX EFFECT INVOLVE D IS LESS THAN RS. 50 LACS AND THEREFORE, THE SAME SHOULD BE DISMISSED. AT THE SAME TIME, LD. AR FOR THE ASSES SEE SUBMITTED THAT HE IS NOT PRESSING THE CROSS OBJECTI ON FILED BY THE ASSESSEE IN THE AFORESAID REVENUE APPEAL, HE NCE, THE SAME MAY ALSO BE DISMISSED AS NOT PRESSED. 3. KEEPING IN VIEW OF THE STATEMENTS MADE BY BOTH T HE PARTIERS AND IN VIEW OF THE INSTRUCTIONS OF CBDT CI RCULATED VIDE CIRCULAR NO.17/2019 DATED 08.08.2019, THE REVE NUES APPEAL AS WELL AS ASSESSEES CROSS OBJECTION STAND DISMISSED. 3 4. IN THE RESULT, THE REVENUES APPEAL AS WELL AS ASSESSEES CROSS OBJECTION STAND DISMISSED. THE DECISION WAS PRONOUNCED IN THE OPEN COURT O N 17.12.2020. SD/- SD/- (ANIL CHATURVEDI) (H.S. SIDHU) ACCOUNTANT MEMBER JUDICIAL MEMBER SRB COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASSTT. REGISTRAR, ITAT, NEW DELHI