ACIT, New Delhi V. M/s. Karat 87 Inn Pvt. Ltd., Delhi

ITA 2881/DEL/2015

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 3208 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-12-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2010-2011
• Appeal Filed On: 11-05-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: NIDHI SHARMA
• Assessee Lawyers: AKSHAY UPPAL CAS PASS
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: E, NEW DELHI BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER ITA NO. 2881/DEL/2015 ASSESSMENT YEAR: 2010-11 ACIT, CENTRAL CIRCLE 07, ROOM NO. 330, ARA CENTRE, JHANDEWALAN EXTENSION, NEW DELHI VS. M/S KARAT 87 INN PVT. LTD., 18/19, WEA, KAROL BAGH, NEW DELHI 110 005 (PAN: AADCK5511G) (APPELLANT) (RESPONDENT) C.O. NO. 99/DEL/2016 IN ITA NO. 2881/DEL/2015 ASSESSMENT YEAR: 2010-11 M/S KARAT 87 INN PVT. LTD., 18/19, WEA, KAROL BAGH, NEW DELHI 110 005 (PAN: AADCK5511G) VS. ACIT, CENTRAL CIRCLE 07, ROOM NO. 330, ARA CENTRE, JHANDEWALAN EXTENSION, NEW DELHI (APPELLANT) (RESPONDENT) ORDER PER H.S. SIDHU, JM THE REVENUE HAS FILED THE APPEAL AND THE ASSES SEE HAS FILED THE CROSS OBJECTION AGAINST THE IMPUGNED ORDE R DATED DEPARTMENT BY SMT. NIDHI SHARMA, SR. DR. ASSESSEE BY MS. SHAILY GUPTA, & SH. AKSHAY UPPAL, CAS 2 27.02.2015 PASSED BY THE LD. CIT(A)-24, NEW DELHI RELE VANT TO ASSESSMENT YEAR 2010-11. 2. AT THE TIME OF HEARING BOTH THE PARTIES AGREED THAT IN THE AFORESAID REVENUE APPEAL THE TAX EFFECT INVOLVED I S LESS THAN RS. 50 LACS AND THEREFORE, THE SAME SHOULD BE DISMIS SED. AT THE SAME TIME, LD. AR FOR THE ASSESSEE ALSO STATED T HAT HE IS WITHDRAWING THE CROSS OBJECTION BY ENDORSING THE RE MARKS ON THE FORM NO. 36A I.E. CO IS WITHDRAWN. 3. KEEPING IN VIEW OF THE STATEMENTS MADE BY BOTH TH E PARTIES; IN VIEW OF THE INSTRUCTIONS OF CBDT CIRCUL ATED VIDE CIRCULAR NO.17/2019 DATED 08.08.2019 AND AFTER PERUS ING THE REMARKS MADE BY THE AR OF THE ASSESSEE ON THE FORM NO. 36A OF THE CROSS OBJECTION, THE REVENUES APPEAL AS WELL AS ASSESSEES CROSS OBJECTION STAND DISMISSED. 4. IN THE RESULT, THE REVENUES APPEAL AS WELL AS ASS ESSEE CROSS OBJECTION STAND DISMISSED. THE DECISION IS PRONOUNCED ON 04.12.2019. SD/- SD/- (ANADEE NATH MISSHRA) (H.S. SIDHU) ACCOUNTANT MEMBER JUDICIAL MEMB ER DATED: 04.12.2019 SRB COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASSTT. REGISTRAR, ITAT, NEW DELHI