M/s.E.K. Nayanar Memorial Trust Rep by its Trustee-in Charge, Kannur V. The ACIT, Kannur

ITA 355/COCH/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 7510 (ITAT-COCHIN)
• Duration Of Justice: 7 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-02-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 09-02-2016
• Assessment Year: 2011-2012
• Appeal Filed On: 22-06-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 12AA; 2

Judgement Text

ITA NO . 355 & SP 52/C/2015 1 IN THE INCOME TAX APPEL L A TE T R IBUNAL COCHIN BENCH , COCHIN BEFORE S/SH RI B P JAIN , A M & G EORGE GEORGE.K , J M ITA NO . 355/COCH/2015 (ASST YEAR 2011 - 12 ) & STAY PETITION NO. 52/COCH/2015 M/S E K NAYANAR MEMORIAL RUST REP.BY TRUSTEE - IN - CHARGE AZGUJIDAB SNARA JA NABDURAN TALAP, KANNUR 670 002 VS THE ASST COMMR OF INCOME TAX CIRCLE 1 KANNUR RANGE KANNUR ( APPELLANT /APPLICANT ) (RESPONDENT) PAN NO. AAATE3722B ASSESSEE BY SH K K RAVINDRANATH REVENUE BY SH K P GOPAKUMAR, SR DR DATE OF HEARING 9 TH FEB 2015 DATE OF PRONOUNCEMENT 9 TH FEB 2016 OR D ER PER GEORGE GEORGE. K. J M: THIS APPEAL, AT THE INSTANCE OF THE ASSESSEE, IS DIRECTED AGAINST THE CIT(A)S ORDER DATED 20.3.2015. THE RELEVANT ASSESSMENT YEAR IS 2011 - 12. THE ASSESSEE HAS ALSO FIELD STAY PE TITION SEEKING STAY OF OUTSTANDING DEMAND OF RS.1,13,75,710/ - . 2 DURING THE COURSE OF HEARING OF THIS APPEAL, THE LD COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE MATTER HAS BECOME INFRUCTUOUS IN VIEW OF THE ORDER DATED 7 TH JAN 2016 OF THE CIT(EXEMPTIONS), KOCHI AND ACCORDINGLY, SOUGHT THE PERMISSION ITA NO . 355 & SP 52/C/2015 2 TO WITHDRAW THE APPEAL AND THE STAY PETITIONS FILED BY THE ASSESSEE. THE LD DR PRESENT WAS DULY HEARD. 3 IN VIEW OF THE SUBMISSIONS OF THE LD AUTHORIZED REPRESENTATIVE AND IN VIEW OF THE ORDER OF THE CIT(EXE MPTION) DATED 7 TH JAN 20 , 16 GRANTING REGISTRATION U/S 12AA IN RESPECT OF THE ASSESSMENT YEAR 2 011 - 12, THE APPEAL AND THE STAY PETITION FILED BY THE ASSESSEE ARE DISMISSED, AS THE SAME HAS BECOME INFRUCTUOUS. IT IS ORDERED ACCORDINGLY. 4 IN THE RESULT , THE APPEAL AND THE STAY PETITION FILED BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 9 TH DAY OF FEB 2016 . SD/ - SD/ - ( B P JAIN ) ( GEORGE GEORGE K ) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN: DATED 9 TH FEB 2016 RAJ* ITA NO . 355 & SP 52/C/2015 3 COPY TO: 1 . APPELLANT 2 . RESPONDENT 3 . CIT(A) 4 . CIT , 5 . DR 6 . GUARD FILE BY ORDER ASSISTANT REGISTRAR ITAT, COCHIN