Almodias Infratech P.Ltd (Previously known as Aditya Antibiotics Pvt. Ltd.), Delhi V. ITO, New Delhi

CO 76/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0788 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 8 month(s) 10 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 22-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2006-2007
• Appeal Filed On: 12-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCHES: C: NEW DELHI) BEFORE SHRI R.K.PANDA, AM & MS. SUCHITRA KAM BLE, JM C.O. NOS.-76 & 77/DEL/2019 [IN ITA NOS.-3264 & 3265/DEL/2016] (ASSESSMENT YEARS: 2006-07 & 2007-08) ALMODIAS INFRATECH P.LTD. (PREVIOUSLY KNOWN AS ADITYA ANTIBIOTICS PVT.LTD.), 314-D, 1 ST FLOOR, P-2, MAYUR VIHAR-I, NEW DELHI-110092. PAN-AADCA6593L VS ITO, WARD-1(3), NEW DELHI. APPELLANT RESPONDENT APPELLANT BY NONE RESPONDENT BY MS. SUNITA SINGH, CIT DR DATE OF HEARING 22.12.2020 DATE OF PRONOUNCEMENT 22 .12.2020 ORDER PER R.K.PANDA, AM BOTH CROSS-OBJECTIONS HAVE BEEN FILED BY THE ASSESS EE AGAINST APPEALS FILED BY THE REVENUE VIDE ITA NOS.3264 & 32 65/DEL/2016 RESPECTIVELY. 2. PERUSAL OF THE RECORD SHOWS THAT THE APPEALS FIL ED BY THE REVENUE HAVE ALREADY BEEN DISMISSED BY THE TRIBUNAL ON ACCO UNT OF LOW TAX EFFECT. THEREFORE, CROSS-OBJECTIONS FILED BY THE ASSESSEE B ECOME INFRUCTUOUS AND THE SAME ARE THEREFORE DISMISSED. 3. IN THE RESULT, BOTH CROSS-OBJECTIONS FILED BY TH E ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT AT THE TI ME OF HEARING ITSELF I.E. ON 22 ND DECEMBER, 2020. SD/- SD/- (SUCHITRA KAMBLE) (R.K.PANDA) JUDICIAL MEMBER ACCOUNTA NT MEMBER DATED: 22.12.2020 * AMIT KUMAR * C.O. NOS.-76 & 77/DEL/2019 [IN ITA NOS.-3264 & 3265/DEL/2016] (ASSESSMENT YEARS: 2006-07 & 2007-08) PAGE | 2 COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI