M/s. National Housing Bank, New Delhi V. ACIT, New Delhi

CO 69/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5911 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 10 month(s) 17 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 02-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2012-2013
• Appeal Filed On: 15-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: E NEW DELHI BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMBER AND SHRI O.P. KANT, ACCOUNTANT MEMBER [THROUGH VIDEO CONFERENCING] C.O. NO.69/DEL./2017 (ARISING OUT OF ITA NO.6568/DEL./2016) ASSESSMENT YEAR: 2012-13 NATIONAL HOUSING BANK CORE-5A, INDIAN HABITAT CENTRE, LODHI ROAD, NEW DELHI VS. ACIT, CIRCLE-17(2), NEW DELHI PAN :AABCN2600H (APPELLANT) (RESPONDENT) ORDER PER O.P. KANT, AM: THE PRESENT CROSS OBJECTION BY THE ASSESSEE IS DIRE CTED AGAINST THE ORDER OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-33, NEW DELHI, FOR ASSESSMENT YEAR 2012-1 3. 2. AT THE OUTSET, THE LEARNED DR BROUGHT TO OUR NOTIC E THAT THE REVENUES APPEAL, BEARING ITA NO. 6568/DEL./2016, F ROM WHICH THE PRESENT CROSS OBJECTION AROSE, HAS BEEN DISMISS ED BY THE APPELLANT BY NONE RESPONDENT BY MS. SHIVANI BANSAL, SR.DR DATE OF HEARING 02.02.2021 DATE OF PRONOUNCEMENT 02.02.2021 2 C.O. NO. 69/DEL./2017 ITAT, DELHI E BENCH, ON 06.11.2019 BECAUSE OF LOW TAX EFFECT NOTIFIED VIDE CIRCULAR NO. 17/2019, DATED 8 TH AUGUST, 2019. 3. WE HAVE HEARD LEARNED DR THROUGH VIDEO CONFERENCING AND PERUSED THE RECORD AS WELL. 4. SINCE THE APPEAL OF THE REVENUE HAS BEEN DISMISSED ON ACCOUNT OF LOW TAX EFFECT, THEN THE PURPOSE OF CROS S OBJECTION HAS BECOME INFRUCTUOUS. ACCORDINGLY, THE CROSS OBJECTIO N OF THE ASSESSEE IS DISMISSED AS INFRUCTUOUS. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (MAHAVIR PRASAD) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 2 ND FEBRUARY, 2021. RK/- (D.T.D.S.) COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI