Saraswati Fincap (P) Ltd, New Delhi V. ITO, New Delhi

ITA 3638/DEL/2009

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 2198 (ITAT-DELHI)
• Duration Of Justice: 9 year(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-08-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 06-06-2017
• Assessment Year: 2000-2001
• Appeal Filed On: 26-08-2009
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH: G: NEW DELHI) BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER & SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA NO:- 3638/DEL/2009 ( ASSESSMENT YEAR: 2000-01) SARASWATI FINCAP P. LTD. C/O SEHGAL MEHTA & CO., CHARTERED ACCOUNTS 10173/2, 2 ND FL., BLOCK NO.15 ABDUL AZIZ ROAD, W.E.A., KAROL BAGH, NEW DELHI 110005. PAN NO.- AABCS0847B VS. INCOME TAX OFFICER, WARD 7 (3), NEW DELHI. APPELLANT RESPONDENT ASSESSEE BY : SH. K. SAMPATH, ADV. REVENUE BY : SH. PRADEEP SINGH GAUTAM, SR.DR DATE OF HEARING : 30.08.2018. DATE OF PRONOUNCEMENT : 30/08/2018. ORDER PER: BHAVNESH SAINI, JM THIS APPEAL BY THE ASSESSEE HAS BEEN DIRECTED AGAIN ST THE ORDER OF LD. CIT(A)-X, NEW DELHI, DATED 27.02.2009 FOR ASSESSMENT YEAR 200 0-01. 2 ITA NO.-3638/DEL/2009. SARASWATI FINCAP P. LTD. 2. THE ABOVE APPEAL WAS LISTED TODAY ALONG WITH C.O . NO. 288/2009 FILED BY THE ASSESSEE. IN THE PRESENT APPEAL OF ASSESSEE AND CR OSS OBJECTION, SIMILAR GROUNDS OF APPEALS HAVE BEEN RAISED BY THE ASSESSEE. IT IS ST ATED THAT CROSS OBJECTION WAS FILED ON FILING THE DEPARTMENTAL APPEAL WHICH WAS DISMISS ED BECAUSE OF THE LOW TAX EFFECT. THE LD. COUNSEL FOR THE ASSESSEE ACCORDINGLY SUBMIT TED THAT ASSESSEE WOULD BE PRESSING THE C.O. NO. 288/09 AND SEEKS PERMISSION T O WITHDRAW THE PRESENT APPEAL AND ENDORSEMENTS TO THE SAME EFFECT HAVE BEEN MADE IN T HE ORDER SHEET. 3. IN VIEW OF THE ABOVE, THE PRESENT APPEAL IS DISM ISSED AS WITHDRAWN WITH LIBERTY TO THE ASSESSEE TO PURSUE THE SAME REMEDY IN C.O. N O. 288/09. 4. IN THE RESULT, APPEAL FILED BY THE ASSESSEE IS D ISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 30/8/2018 SD/- SD/- (L.P. SAHU) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 30.08.2018 POOJA/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI 3 ITA NO.-3638/DEL/2009. SARASWATI FINCAP P. LTD. DATE OF DICTATION 30/8/2018 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 30/8/2018 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR. PS/PS 30/8/2018 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 30/8/2018 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/PS 30/8/2018 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT DATE ON WHICH THE FILE GOES TO THE BENCH CLERK DATE ON WHICH THE FILE GOES TO THE HEAD CLERK THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER