King Exports, Ludhiana V. ACIT, Ludhiana

ITA 1006/CHANDI/2011

• Counselvise Citation: 100621514 RSA 2011
• Duration Of Justice: 7 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-06-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 05-06-2012
• Assessment Year: 2004-2005
• Appeal Filed On: 18-10-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAI SHREE SHARMA
• Assessee Lawyers: ASHOK KUMAR JUNEJA
• Section: 80HHC

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCHES B CHANDIGARH BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER ITA NO. 1006/CHD/2011 ASSESSMENT YEAR: 2004-05 M/S KING EXPORTS, VS THE ACIT, CIRCLE-1, LUDHIANA LUDHIANA PAN NO. AADFK3575F (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI ASHOK KUMAR JUNEJA RESPONDENT BY : SMT. JAISHREE SHARMA DATE OF HEARING : 05.06.2012 DATE OF PRONOUNCEMENT : 05.06.2012 ORDER PER H.L.KARWA, VP THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAIN ST THE ORDER OF CIT(A)-I, LUDHIANA DATED 8.9.2011 RELATING TO ASSES SMENT YEAR 2004-05. 2. SHRI ASHOK KUMAR JUNEJA, ADVOCATE, LD. COUNSEL F OR THE ASSESSEE VIDE HIS APPLICATION DATED 5.6.2012 STATED AS UNDER:- 05.06.2012 TO THE HON'BLE, ITAT CHANDIGARH SUB:- IN THE MATTER OF KINGS EXPORT LUDHIANA / AY 2004- 05/ACIT (CIRCLE-I) LUDHIANA /1006-CHANDIGARH- 20 11 2 SIR, IT IS SUBMITTED THAT HON'BLE HC OF PB & HARYANA IN ITA NO.306/2011 FOR AY 2004-05 HAS ALLOWED SUBSTANTIAL RELIEF TO ASSESSEE U/S 80HHC STATING THAT THE ISSUE REGARDING DEDUCTION U/S 80 HHC MAY BE REMANDED TO AO WITH DIRECTION TO DECI DE THE CASE AS PER TOPMAN EXPORTS V CIT (MUMBAI) (2012) 67 DTR (SC) 185. IN VIEW OF ABOVE I MAY BE PERMITTED TO WITHDRAW THE APPEAL NO. 1006/CHD/2011. THE OTHER ISSUE RAISED IN THE APPEA L MAY BE TREATED AS NOT PRESSED. THANKING YOU, YOURS FAITHFULLY, SD/- (ASHOK KUMAR JUNEJA), ADVOCATE COUNSEL KINGS EXPORT 3. IN VIEW OF THE ABOVE APPLICATION, WE GRANT PERMI SSION TO THE ASSESSEE TO WITHDRAW THE ABOVE APPEAL. 4. IN THE RESULT, APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 5 TH DAY OF JUNE, 2012 SD/- SD/- (MEHAR SINGH) (H.L.KARWA) ACCOUNTANT MEMBER VICE PRESIDENT DATED : 5 TH JUNE, 2012 RKK COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR TRUE COPY BY ORDER ASSISTANT REGISTRAR 3