Appeal Details
Counselvise Citation
[2010] 136 COUNSELVISE.COM (IT) 0220 (ITAT-AHMEDABAD)
Assessee PAN
Bench
Appeal Number
CRN Number
Duration Of Justice
3 month(s) 2 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
06-08-2010
Appeal Filed By
Assessee
Order Result
Dismissed
Bench Allotted
A
Next Hearing Date
06-08-2010
Assessment Year
2005-2006
Appeal Filed On
04-05-2010
Judgement Text
- 1 - IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD BENCH A AHMEDABAD BEFORE S/SHRI BHAVNESH SAINI, JM AND D.C.AGRAWAL, A M NIRMA CREDIT & CAPITAL (P) LTD., NIRMA HOUSE, ASHRAM ROAD, AHMEDABAD. PAN :AAACN 5351J VS. DY C.I.T., CIRCLE-5, AHMEDABAD. (APPELLANT) .. (RESPONDENT) ASSESSEE BY :- SHRI S. N. SOPARKAR, AR REVENUEBY:- SHRI R. K. DHANESTA, DR O R D E R PER D. C. AGRAWAL, ACCOUNTANT MEMBER . THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST TH E ORDER OF LD. CIT(A) DATED 19/12/2008 FOR ASST. YEAR 2005-06. 2. THE FOLLOWING GROUNDS HAVE BEEN RAISED IN THIS A PPEAL:- (1) IN LAW AND IN FACTS AND CIRCUMSTANCES OF THE APPELL ANTS CASE, THE LD. CIT(A) HAS GROSSLY ERRED IN POINTS OF LAW A ND FACTS. (2) IN LAW AND IN THE FACTS AND CIRCUMSTANCES OF THE AP PELLANTS CASE, THE LD. AO HAS GROSSLY ERRED IN CONFIRMING AD DITION OF RS.34,69,677 BEING NOTIONAL INTEREST ON INVESTMENT IN OFCPNS ISSUED BY NIRMA INDUSTRIES LTD. 3. AT THE OUTSET IT MAY BE STATED THAT THE ASSESSEE WANTED TO WITHDRAW THE APPEAL AND HAS NOT PRESSED THE SAME. ACCORDINGL Y THE APPEAL IS DISMISSED AS WITHDRAWN. ITA NO.1420/AHD/2010 ASST. YEAR :2005-06 2 4. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDR AWN. ORDER WAS PRONOUNCED IN OPEN COURT ON 6/8/2010. SD/- SD/- (BHAVNESH SAINI) (D.C.AGRAWAL) JUDICIAL MEMBER ACCOUNTANT MEMBE R AHMEDABAD, DATED : 6/8/2010 MAHATA/- COPY OF THE ORDER FORWARDED TO :- 1. THE ASSESSEE. 2. THE REVENUE. 3. THE CIT(APPEALS)- 4. THE CIT CONCERNS. 5. THE DR, ITAT, AHMEDABAD 6. GUARD FILE. BY ORDER, DEPUTY / ASSTT.REGISTRAR ITAT, AHMEDABAD
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