Noida Toll Bridge Company Ltd., Noida V. ACIT, Circle-18(2), Noida

ITA 218/DEL/2019

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 2301 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 4 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-05-2024
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: E
• Next Hearing Date: 15-05-2024
• Assessment Year: 2011-2012
• Appeal Filed On: 10-01-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUBRA JYOTI CHAKRABORTY
• Assessee Lawyers: JEETAN NAGPAL
• Keywords: Application of stay

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘E’, NEW DELHI Before Dr. B. R. R. Kumar, Accountant Member, Sh. Sudhir Kumar, Judicial Member ITA Nos.213 to 218/ Del 2019 (A.Y. 2006-07 to 2011-12) & S.A. Nos. 312 to 317/Del/2019 Noida Toll Bridge Company Ltd. Toll Plaza, Mayur Vihar, Link Road, New Delhi-110091 Vs ACIT Circle – 18 (2) Noida (APPELLANT) (RESPONDENT) PAN No. AAACN3498A Assessee by : Sh.Jeetan Nagpal, CA Ms. Pallavi, CA Revenue by : Sh. Subra Jyoti Chakraborty, CIT DR Date of Hearing: 16.05.2024 Date of Pronouncement: 17.05.2024 ORDER PER BENCH: The present appeals and stay applications have been filed by the assessee against the order of CIT(A)-1, Noida dated 27.09.2018. 2. At the outset, both the parties fairly brought to our notice that the quantum additions made in the Assessment order stands deleted by the order of the Tribunal dated 08.08.2023. Hence, the penalty orders are liable to be quashed. Since, the penalty orders have been quashed, the stay applications become in-fructuous and hence dismissed. 2 3. In the result, the appeals of the assessee are allowed and stay applications are dismissed as in-fructuous. Order Pronounced in the Open Court on 17/05/2024. Sd/- Sd/- (Sudhir Kumar) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 17/05/2024 *NEHA, Sr. PS* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR