M/s. Vaish Co-operative Adarsh Bank Ltd, New Delhi V. ACIT, New Delhi

CO 96/DEL/2015

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 4056 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 6 month(s) 11 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 28-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2010-2011
• Appeal Filed On: 17-04-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWA L SENIOR

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 BENCH BENCH BENCH 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 SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER CROSS OBJECTION CROSS OBJECTION CROSS OBJECTION CROSS OBJECTION NO. NO. NO. NO. 96 9696 96 /DEL/201 /DEL/201 /DEL/201 /DEL/201 5 55 5 (IN ITA NO.3428/DEL/2014 (IN ITA NO.3428/DEL/2014 (IN ITA NO.3428/DEL/2014 (IN ITA NO.3428/DEL/2014) )) ) ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 20 2020 20 10 1010 10 - -- - 11 1111 11 THE VAISH COOPERATIVE THE VAISH COOPERATIVE THE VAISH COOPERATIVE THE VAISH COOPERATIVE ADARSH BANK LIMITED, ADARSH BANK LIMITED, ADARSH BANK LIMITED, ADARSH BANK LIMITED, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, DARYA GANJ, DARYA GANJ, DARYA GANJ, DARYA GANJ, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 002. 110 002. 110 002. 110 002. PAN : AABAT7703R. PAN : AABAT7703R. PAN : AABAT7703R. PAN : AABAT7703R. VS. VS. VS. VS. ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -30(1), 30(1), 30(1), 30(1), ROOM NO.106, ROOM NO.106, ROOM NO.106, ROOM NO.106, DRUM SHAPE BUILDING, DRUM SHAPE BUILDING, DRUM SHAPE BUILDING, DRUM SHAPE BUILDING, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 002. 110 002. 110 002. 110 002. ( APPELLANT) (RESPONDENT) APPELLANT BY : NONE. RESPONDENT BY : SHRI M. BARANWAL, SENIOR DR. DATE OF HEARING : 28.10 28.10 28.10 28.10.2020 .2020 .2020 .2020 DATE OF PRONOUNCEMENT : 28.10 28.10 28.10 28.10.2020 .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)-XXV, NEW DELHI DATED 28 TH MARCH, 2014. 2. NOBODY APPEARED ON BEHALF OF THE ASSESSEE BEFORE US AT THE TIME OF THE VIRTUAL HEARING. AT THE TIME OF HEARING, IT WAS BROUGHT TO THE NOTICE OF THE BENCH THAT THE APPEAL OF THE DEPARTME NT IN ITA NO.3428/DEL/2014, AGAINST WHICH THE INSTANT CROSS-O BJECTION HAS BEEN FILED, HAS ALREADY BEEN DISMISSED BY THE TRIBUNAL V IDE ORDER DATED 9 TH OCTOBER, 2017. C.O. NO.96/DEL/2015 2 3. IN VIEW OF THE FACT THAT THE APPEAL OF THE REVEN UE HAS ALREADY BEEN DISMISSED BY THE TRIBUNAL, THE CROSS-OBJECTION FILED 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 28 TH OCTOBER, 2020. SD/- SD/- ( (( ( SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA ) )) ) (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 : THE VAISH COOPERATIVE ADARSH BANK LIMITED, THE VAISH COOPERATIVE ADARSH BANK LIMITED, THE VAISH COOPERATIVE ADARSH BANK LIMITED, THE VAISH COOPERATIVE ADARSH BANK LIMITED, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, 3, NETAJI SUBHASH MARG, DARYA GANJ, DARYA GANJ, DARYA GANJ, DARYA GANJ, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 002. 110 002. 110 002. 110 002. 2. RESPONDENT : ASSISTANT COMMISSIONER OF INCOME TA X, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -30(1), ROOM NO.106, DRUM SHAPE BUILDING, 30(1), ROOM NO.106, DRUM SHAPE BUILDING, 30(1), ROOM NO.106, DRUM SHAPE BUILDING, 30(1), ROOM NO.106, DRUM SHAPE BUILDING, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 002. 110 002. 110 002. 110 002. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR