ITO, New Delhi V. M/s Fab Fininvest (india) Ltd, New Delhi

ITA 2047/DEL/2010

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 8152 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-04-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 20-09-2016
• Assessment Year: 2007-2008
• Appeal Filed On: 04-05-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: RAKESH SEGHAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: B NEW DELHI BEFORE SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEM BER AND SMT SUCHITRA KAMBLE , JUDICIAL MEMBER I.T.A .NO. 2047/DEL/2010 (ASSESSM ENT YEAR-2007-08) ITO WARD-11(3), ROOM NO. 374A, C R BUILDING, NEW DELHI-110 002 (APPELLANT) VS FAB FININVEST (INDIA) LTD. 29A MAIN BAZAR, VILLAGE PATPARGANJ NEW DELHI-110 091 AAACF0387L (RESPONDENT) APPELLANT BY NONE RESPONDENT BY SH. RAKESH SEGHAL, CA ORDER PER SUCHITRA KAMBLE, JM THIS IS AN APPEAL FILED BY THE REVENUE. THE REVENUE SOUGHT AN ADJOURNMENT BY WAY OF AN APPLICATION. BUT THE LD. A R POINTED THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS. 10 LAKHS. TH EREFORE, THE APPLICATION FOR ADJOURNMENT IS REJECTED. 2. IN TERMS OF CBDT CIRCULAR NO.21/2015 DATED 10 TH DECEMBER,2015, F.NO. 279/MISC./142/2007-ITJ(PT.) READ WITH S.268 A OF TH E INCOME TAX ACT 1961, THIS APPEAL BY THE REVENUE SHOULD HAVE BEEN WITHDRA WN OR SHOULD NOT BE DATE OF HEARING 25.04.2016 DATE OF PRONOUNCEMENT 25.04.2016 PRESSED BY THE REVENUE. IN VIEW OF THE ABOVE THIS A PPEAL BY THE REVENUE IS DISMISSED IN LIMINI. 3. IN THE RESULT REVENUES APPEAL IS DISMISSED IN LIM INI. ORDER PRONOUNCED IN THE OPEN COURT ON 25 TH APRIL, 2016. SD/- SD/- (J. SUDHAKAR REDDY) (SUCHITRA KAMBLE) ACCOUNTANT MEMBER JUDICIAL MEMB ER DATED: 25/04/2016 R. NAHEED * 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 25/04/2016 PS 2. DRAFT PLACED BEFORE AUTHOR 25/04/2016 PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER .2016 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS 27.04.2016 PS/PS 6. KEPT FOR PRONOUNCEMENT ON PS 7. FILE SENT TO THE BENCH CLERK 27.04.2016 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.