ITO, New Delhi V. M/s. Esteem Finventures Ltd., New Delhi

ITA 1465/DEL/2012

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 7129 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 5 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-09-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 15-09-2016
• Assessment Year: 2001-2002
• Appeal Filed On: 28-03-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ANIL KR SHARMA
• Keywords: Tax effect

Judgement Text

1 ITA NO. 1483/DEL/12 & 1465/DEL/12 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: B NEW DELHI BEFORE SHRI S.V. MEHROTRA, ACCOUNTANT MEMBER AND SMT SUCHITRA KAMBLE , JUDICIAL MEMBER I.T.A .NO. 1465/DEL/2012 (ASSESSMENT YEA R-2001-02) AND I.T.A. NO. 1483/DEL/2012 (ASSESSMENT YEAR 2001-02) IT O WARD-11(2) NEW DELHI (APPELLANT) V S ESTEEM FINVENTURES LTD. (FORMERLY ESTEEM SECURITY & LEASING LTD.) 104, NEW MODERN CO-OP. G/H SOCIETY, PLOT NO. 26/2, SECTOR-9, ROHINI NEW DELHI-110085 AAACE9112E (RESPONDENT) APPELLANT BY ANIL KR. SHARMA , SR. DR RESPONDENT BY SH. ROHIT GARG , ADV ORDER PER SUCHITRA KAMBLE, JM THESE APPEALS ARE FILED BY THE REVENUE. ADMITTEDLY THE TAX EFFECTS IN REVENUES APPEALS ARE LESS THAN RS.10 LAKHS. 2. IN TERMS OF CBDT CIRCULAR NO.21/2015 DATED 10 TH DECEMBER,2015, F.NO. 279/MISC./142/2007-ITJ(PT.) READ WITH SECTION 268A OF THE INCOME TAX ACT DATE OF HEARING 15.09.2016 DATE OF PRONOUNCEMENT 15.09.2016 2 ITA NO. 1483/DEL/12 & 1465/DEL/12 1961, THESE APPEALS BY THE REVENUE SHOULD HAVE BEE N WITHDRAWN OR SHOULD NOT HAVE BEEN PRESSED BY THE REVENUE. 3. THE LD. AR SUBMITTED THAT SINCE THE APPEALS OF THE REVENUE ARE LESS THAN RS. 10 LAKHS, THE APPEALS HAVE TO BE DISMISSED . 4. IN RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 15 TH OF SEPTEMBER, 2016. SD/- SD/- (S.V. MEHROTRA) (SUCHITRA KAMBLE) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 15/09/2016 COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI DATE 1. DRAFT DICTATED ON 15.09 2016 PS 3 ITA NO. 1483/DEL/12 & 1465/DEL/12 2. DRAFT PLACED BEFORE AUTHOR 15.09.2016 PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER 09.2016 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS .09.2016 PS/PS 6. KEPT FOR PRONOUNCEMENT ON PS 7. FILE SENT TO THE BENCH CLERK 15.09.2016 PS 8. DATE ON WHICH FILE GOES TO THE AR 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 10. DATE OF DISPATCH OF ORDER.