M/s Sheetal International Pvt. Ltd, New Delhi V. ACIT, New Delhi

CO 85/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 6768 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 4 month(s) 10 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 11-09-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2010-2011
• Appeal Filed On: 01-05-2019
• 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. 85 8585 85 /DEL/201 /DEL/201 /DEL/201 /DEL/201 9 99 9 (IN ITA NO.127/DEL/2016 (IN ITA NO.127/DEL/2016 (IN ITA NO.127/DEL/2016 (IN ITA NO.127/DEL/2016) )) ) ASSESSMENT ASSESSMENT ASSESSMENT ASSESSMENT YEAR YEAR YEAR YEAR : : : : 20 2020 20 10 1010 10 - -- - 11 1111 11 M/S SHEETAL INTERNATIONAL M/S SHEETAL INTERNATIONAL M/S SHEETAL INTERNATIONAL M/S SHEETAL INTERNATIONAL PVT.LTD., PVT.LTD., PVT.LTD., PVT.LTD., G GG G- -- -81/A, 2 81/A, 2 81/A, 2 81/A, 2 ND NDND ND FLOOR, FLOOR, FLOOR, FLOOR, VIJAY CHOWK, VIJAY CHOWK, VIJAY CHOWK, VIJAY CHOWK, LAXMI NAGAR, LAXMI NAGAR, LAXMI NAGAR, LAXMI NAGAR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 092. 110 092. 110 092. 110 092. PAN : AAACS3368N. PAN : AAACS3368N. PAN : AAACS3368N. PAN : AAACS3368N. 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- -- -26, 26, 26, 26, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. (APPELLANT) (RESPONDENT) AP PELLANT 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. IT WAS BROUGHT TO THE NOTI CE OF THE BENCH THAT THE APPEAL OF THE DEPARTMENT IN ITA NO.127/DEL/2016 , AGAINST WHICH THE INSTANT CROSS-OBJECTION HAS BEEN FILED, HAS ALR EADY BEEN DISMISSED BY THE TRIBUNAL VIDE ORDER DATED 2 ND JULY, 2019 ON ACCOUNT OF LOW TAX EFFECT. C.O. NO.85/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 SHEETAL INTERNATIONAL PVT.LTD. , M/S SHEETAL INTERNATIONAL PVT.LTD., M/S SHEETAL INTERNATIONAL PVT.LTD., M/S SHEETAL INTERNATIONAL PVT.LTD., G GG G- -- -81/A, 2 81/A, 2 81/A, 2 81/A, 2 ND NDND ND FLOOR, VIJAY FLOOR, VIJAY FLOOR, VIJAY FLOOR, VIJAY CHOWK, LAXMI NAGAR, CHOWK, LAXMI NAGAR, CHOWK, LAXMI NAGAR, CHOWK, LAXMI NAGAR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 092. 110 092. 110 092. 110 092. 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- -- -26, NEW DELHI. 26, NEW DELHI. 26, NEW DELHI. 26, NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR