The Rander Peoples Co.Op.Bank Ltd,., Surat V. The Director of Income tax(CIB), Ahmedabad

ITA 2532/AHD/2011

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 89446 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 year(s) 7 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-05-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 10-10-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SONIA KUMAR
• Assessee Lawyers: SAUARABH PATEL

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH, AHMEDABAD , , BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SHRI KUL BHARAT, JUDICIAL MEMBER ./ I.T.A. NO.2532/AHD/2011 ( / ASSESSMENT YEAR : 2010-11) THE RANDER PEOPLES CO-OP.BANK LTD. UMAD FALIA BOTAWALA MARG RANDER, SURAT-395 005 / VS. THE DIRECTOR OF INCOME TAX (CIB),AHMEDABAD 6 TH FLOOR, MANGALMURTI BLDG. ASHRAM ROAD, AHMEDABAD-9 ' ./ ./ PAN/GIR NO. : AAATR 2401 C ( '% / APPELLANT ) .. ( &''% / RESPONDENT ) '%( / APPELLANT BY : SHRI SAUARABH PATEL, AR &''%)( / RESPONDENT BY : MS. SONIA KUMAR, SR.DR *) / DATE OF HEARING 08/05/2015 +,-.) / DATE OF PRONOUNCEMENT 15/05/2015 / O R D E R PER SHRI KUL BHARAT, JUDICIAL MEMBER : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST T HE ORDER OF THE DIRECTOR OF INCOME TAX (CIB), AHMEDABAD DATED 15/07/2011 PASSED U/S.274 R.W.S. 271FA OF THE INCOME TAX ACT, 1961 (( HEREINAFTER REFERRED TO AS THE ACT) PERTAINING TO ASSESSMENT YEAR (AY) 2009-10. ITA NO2532 /AHD /2011 THE RANDER PEOPLES CO-OP.BANK LTD. VS. DIT (CIB) ASST.YEAR 2010-11 - 2 - 2. AT THE OUTSET, A QUERY WAS RAISED BY THE BENCH TO THE LD.COUNSEL FOR THE ASSESSEE REGARDING MAINTAINABILITY OF THE A PPEAL. THE LD.COUNSEL FOR THE ASSESSEE HAS PLACED RELIANCE ON THE DECISIO N OF THE COORDINATE BENCH (ITAT B BENCH LUCKNOW) RENDERED IN THE CASE OF RAIBAREILLY DISTRICT CO-OPERATIVE BANK LTD., RAIBAREILLY VS. DI RECTOR OF INCOME TAX (I & CI), LUCKNOW IN ITA NO.699/LKW/2013 FOR AY 201 2-13, DATED 16/01/2015 (COPY ENCLOSED IN THE PAPER-BOOK). HOWE VER, AFTER SOME HEARING OF THE APPEAL, THE LD.COUNSEL FOR THE ASSES SEE SOUGHT LIBERTY TO WITHDRAW THE APPEAL AND PURSUE THE REMEDY AS AVAILA BLE UNDER THE LAW. THE LD.DR HAS NO OBJECTION. ACCORDINGLY, LIBERTY I S GRANTED TO THE ASSESSEE TO WITHDRAW THE APPEAL AND TO EXERCISE RE MEDY AS AVAILABLE UNDER LAW. 3. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE COURT ON FRIDAY, THE 15 TH DAY OF MAY, 2015 AT AHMEDABAD. SD/- SD/- ( ) ( ) ( ANIL CHATURVEDI ) ( KUL BHARAT ) ACCOUNTANT MEMBER JUDICIAL MEMBER AHMEDABAD; DATED 15/ 05 /2015 2..,.../ T.C. NAIR, SR. PS ITA NO2532 /AHD /2011 THE RANDER PEOPLES CO-OP.BANK LTD. VS. DIT (CIB) ASST.YEAR 2010-11 - 3 - !'#$%&' &$ / COPY OF THE ORDER FORWARDED TO : 1. '% / THE APPELLANT 2. &''% / THE RESPONDENT. 3. 345 6 / CONCERNED CIT 4. 6 ( ) / THE DIT(CIB)-AHMEDABAD-9 5. 78& 45 , 45. , 3 / DR, ITAT, AHMEDABAD 6. 8:;<* / GUARD FILE. ! / BY ORDER, '7 & //TRUE COPY// / ( DY./ASSTT.REGISTRAR) , / ITAT, AHMEDABAD 1. DATE OF DICTATION ..11.5.15 (DICTATION-PAD 2+ PAG ES ATTACHED AT THE END OF THIS FILE) 2. DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 12.5.2015 3. OTHER MEMBER 4. DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.P. S./P.S.. 5. DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE D ICTATING MEMBER FOR PRONOUNCEMENT 6. DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. P.S./P.S.15.5.15 7. DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 15.5.15 8. DATE ON WHICH THE FILE GOES TO THE HEAD CLERK ... 9. THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT RE GISTRAR FOR SIGNATURE ON THE ORDER.. 10. DATE OF DESPATCH OF THE ORDER