Picric Limited, New Delhi V. ITO, New Delhi

ITA 1157/DEL/2010

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 2316 (ITAT-DELHI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-11-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I1
• Next Hearing Date: 24-07-2017
• Assessment Year: 2003-2004
• Appeal Filed On: 15-03-2010
• Court: TRIBUNAL

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 I II I- -- -1 11 1 : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT AND AND AND AND SHRI KULDIP SINGH SHRI KULDIP SINGH SHRI KULDIP SINGH SHRI KULDIP SINGH, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA ITAITA ITA NO NONO NO S SS S . .. . 1132/DEL/2010 & 1157/DEL/2010 1132/DEL/2010 & 1157/DEL/2010 1132/DEL/2010 & 1157/DEL/2010 1132/DEL/2010 & 1157/DEL/2010 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR S SS S : : : : 2002 2002 2002 2002 - -- - 03 & 2003 03 & 2003 03 & 2003 03 & 2003 - -- - 04 0404 04 M/S PICRIC LIMITED, M/S PICRIC LIMITED, M/S PICRIC LIMITED, M/S PICRIC LIMITED, (NOW KN (NOW KN (NOW KN (NOW KNOWN AS VEETEE FINE OWN AS VEETEE FINE OWN AS VEETEE FINE OWN AS VEETEE FINE FOODS LTD.), FOODS LTD.), FOODS LTD.), FOODS LTD.), NETAJI SUBHASH PLACE, NETAJI SUBHASH PLACE, NETAJI SUBHASH PLACE, NETAJI SUBHASH PLACE, PITAMPURA, PITAMPURA, PITAMPURA, PITAMPURA, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 034. 110 034. 110 034. 110 034. PAN : AAACP0 PAN : AAACP0 PAN : AAACP0 PAN : AAACP0658C. 658C. 658C. 658C. VS. VS. VS. VS. INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, WARD WARD WARD WARD- -- -14(4), 14(4), 14(4), 14(4), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI NEERAJ JAIN, ADVOCATE AND SHRI SAHIL SHARMA, CA. RESPONDENT BY : SHRI SANDEEP KUMAR SHARMA, SENIOR DR. DATE OF HEARING : 15.11.2018 15.11.2018 15.11.2018 15.11.2018 DATE OF PRONOUNCEMENT : 15.11.2018 15.11.2018 15.11.2018 15.11.2018 ORDER ORDER ORDER ORDER PER BENCH PER BENCH PER BENCH PER BENCH : :: :- -- - THESE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT Y EARS 2002- 03 AND 2003-04 ARE DIRECTED AGAINST THE ORDERS OF L EARNED CIT(A)-XX, NEW DELHI DATED 29 TH JULY, 2008 AND 28 TH AUGUST, 2009. 2. AT THE TIME OF HEARING BEFORE US, THE LEARNED CO UNSEL FOR THE ASSESSEE REQUESTED FOR WITHDRAWAL OF THE APPEALS FI LED BY THE ASSESSEE TO AVOID LITIGATION AND TO BUY PEACE OF MIND. LEAR NED SENIOR DR HAD NO OBJECTION. ITA 1132 & 1157/D/2010 2 3. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEALS. ACCORDINGLY, BOTH THE A PPEALS FILED BY THE ASSESSEE ARE DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE D ISMISSED AS WITHDRAWN. DECISION PRONOUNCED IN THE OPEN COURT ON 15.11.2018 . SD/- SD/- (KULDIP SINGH (KULDIP SINGH (KULDIP SINGH (KULDIP SINGH ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : M/S PICRIC LIMITED, M/S PICRIC LIMITED, M/S PICRIC LIMITED, M/S PICRIC LIMITED, (NOW KNOWN AS VEETEE FINE FOODS LTD.), (NOW KNOWN AS VEETEE FINE FOODS LTD.), (NOW KNOWN AS VEETEE FINE FOODS LTD.), (NOW KNOWN AS VEETEE FINE FOODS LTD.), NETAJI SUBHASH PLACE, PITAMPURA, NETAJI SUBHASH PLACE, PITAMPURA, NETAJI SUBHASH PLACE, PITAMPURA, NETAJI SUBHASH PLACE, PITAMPURA, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 034. 110 034. 110 034. 110 034. 2. RESPONDENT : INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD- -- -14(4), NEW DELHI. 14(4), NEW DELHI. 14(4), NEW DELHI. 14(4), NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR