ITO, Ward-4(1), Delhi V. Best City Realtors(India) Pvt. Ltd. , Delhi

ITA 1244/DEL/2022

AI Insights

The case involves two appeals by the Income Tax Officer, Ward-4(1), New Delhi, against Best City Projects (India) Pvt. Ltd. and Best City Realtors (India) Pvt. Ltd. for the Assessment Year 2007-08. These appeals were related to an order of assessment under section 153C of the Income-tax Act, 1961, passed by the Deputy Commissioner of Income Tax, Central Circle-11, New Delhi. The appeals were heard by the Income Tax Appellate Tribunal Delhi Bench, which decided to dismiss the appeals following the Revenue's request to withdraw them due to an inadvertent double filing.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 115682 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 2 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-07-2023
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 31-07-2023
• Assessment Year: 2007-2008
• Appeal Filed On: 26-05-2022
• Laws Referred To: Income-tax Act, 1961
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 153C

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : DELHI BEFORE SHRI M. BALAGANESH, ACCOUNTANT MEMBER AND SHRI ANUBHAV SHARMA, JUDICIAL MEMBER ITA No.1279/Del/2022 Assessment Year: 2007-08 ITO, Ward-4(1), New Delhi. Vs Best City Projects (India) Pvt. Ltd., Plot No.H-8, 1 st Floor, Netaji Subhash Place, Pitampura, New Delhi – 110 034. PAN: AACCB7635D ITA No.1244/Del/2022 Assessment Year: 2007-08 ITO, Ward-4(1), New Delhi. Vs. Best City Realtors (India) Pvt. Ltd., Plot No.H-8, 1 st Floor, Netaji Subhash Place, Pitampura, New Delhi – 110 034. PAN: AACCB7637B (Appellants) (Respondent) Assessee by : Shri Sidhant Arora, CA Revenue by : Shri P. Praveen Sidharth, CIT, DR Date of Hearing : 01.08.2023 Date of Pronouncement : 01.08.2023 ITA Nos.1279 & 1244/Del/2022 2 ORDER PER M. BALAGANESH, AM: These appeals in ITA Nos.1279 & 1244/Del/2022 for Assessment Year 2007- 08, arise out of the order of the Commissioner of Income Tax (Appeals)-2, New Delhi [hereinafter referred to as ‘ld. CIT(A)’, in short] in appeal Nos.10702/19-20 and 10703/19-20 dated 26.06.2020 against order of assessment u/s 153C of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) dated 28.03.2013 passed by the DCIT, Central Circle-11, New Delhi (hereinafter referred to as ‘ld. AO’). 2. At the outset, the ld. DR submitted that these two appeals are to be withdrawn as the appeals were filed by the Revenue twice by inadvertence. Accordingly, the matter was taken as heard subject to an undertaking given by the ld. DR that a letter to this effect would be filed. Subsequently, a letter has been filed by ld. CIT- DR which is reproduced hereinbelow:- ITA Nos.1279 & 1244/Del/2022 3 3. In view of the above, the appeals of the Revenue are hereby dismissed as withdrawn. 4. In the result, the appeals of the Revenue are dismissed. Order pronounced in the open court on 01.08.2023. Sd/- Sd/- (ANUBHAV SHARMA) (M. BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 01 st August, 2023. dk Copy forwarded to : 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asstt. Registrar, ITAT, New Delhi