Chiranjeevi Wind Energy Limited, Coimbatore V. DCIT Corporate Circle 1, Coimbatore

ITA 2385/CHNY/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 2293 (ITAT-CHENNAI)
• Duration Of Justice: 11 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-09-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 24-04-2018
• Assessment Year: 2012-2013
• Appeal Filed On: 28-09-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R CLEMENT RAMESH KUMAR
• Assessee Lawyers: R VIJAYARAGHAVAN

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, C BENCH : CHENNAI . , ! ' # ' $ . %& , ( * + [BEFORE SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBE R AND SHRI DUVVURU RL REDDY , JUDICIAL MEMBER ] ./I.T.A. NO.2385/CHNY/2017. / ASSESSMENT YEAR : 2012-2013. M/S. CHIRANJEEVI WIND ENERGY LTD, 45/3A, ARTS COLLEGE ROAD LANE, OPP. BALA LODGE, COIMBATORE 641 018. VS. THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1, COIMBATORE [PAN AAACC 8761H] ( ,- / APPELLANT) ( ./,- /RESPONDENT) / APPELLANT BY : SHRI. R.VIJAYARAGHAVAN, ADVOCATE /RESPONDENT BY : SHRI. R. CLEMENT RAMESH KUMAR, ADDL. CIT. /DATE OF HEARING : 05-09-2018 ! /DATE OF PRONOUNCEMENT : 06-09-2018 0 / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER IN THIS APPEAL FILED BY THE ASSESSEE, WHICH IS DIRECTED AGAINST AN ORDER DATED 30.06.2017 OF LD. COMMISSION ER OF INCOME TAX (APPEALS)-1, COIMBATORE, IT IS AGGRIEVED ON RELIEF NOT BEING GIVEN U/S.35D OF THE INCOME TAX ACT, 1961 (IN SHORT THE ACT) FOR ITA NO.2385/CHNY /2017 :- 2 -: COMMISSION PAYMENT AND LEGAL CHARGES INCURRED IN CO NNECTION WITH ARRANGEMENT OF FUNDS FOR WORKING CAPITAL. 2. LD. COUNSEL FOR THE ASSESSEE ADMITTED THAT THE ISSU E IN QUESTION STOOD COVERED AGAINST THE ASSESSEE BY AN EARLIER ORDER DATED 21.10.2013 BY THIS TRIBUNAL IN ASSESSEES OWN CASE IN ITA NO.342/MDS/2013, FOR ASSESSMENT YEAR 2009-2010. ACC ORDINGLY, CONSIDERING THE SUBMISSION MADE BY THE LD. AUTHORIS ED REPRESENTATIVE, THERE IS NOTHING LEFT TO ADJUDICATE. 3. IN THE RESULT, THE APPEAL OF THE ASSESSEE STANDS D ISMISSED. ORDER PRONOUNCED ON THURSDAY, THE 6TH DAY OF SEPTE MBER, 2018, AT CHENNAI. SD/- SD/- ( ' # ' $ . %& ) ( DUVVURU RL REDDY ) ( / JUDICIAL MEMBER ( . ) (ABRAHAM P. GEORGE) / ACCOUNTANT MEMBER '# / CHENNAI $% / DATED: 6TH SEPTEMBER, 2018. KV %& '()( / COPY TO: 1 . / APPELLANT 3. *+, / CIT(A) 5. (-. / / DR 2. / RESPONDENT 4. * / CIT 6. .01 / GF ITA NO.2385/CHNY /2017 :- 3 -: