M/s. Advantec Coils (P) Ltd., New Delhi V. ITO, New Delhi

ITA 4109/DEL/2016

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 1466 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 4 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-12-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2010-2011
• Appeal Filed On: 22-07-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUBHAKANT SAHU

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES I-1 : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI B.R.R. KUMAR, ACCOUNTANT MEMBER ITA.NO.4109/DEL./2016 ASSESSMENT YEAR 2012-2013 M/S. ADVANTEC COILS (P.) LTD., [ NOW KNOWN AS ZAMIL AIR CONDITIONERS INDIA PRIVATE LIMITED ] , 1 ST FLOOR, H-9, BLOCK B- 1, MOHAN COOPERATIVE INDUSTRIA ESTATE, MATHURA ROAD, NEW DELHI 110 044. PAN AAACA0907F VS THE INCOME TAX OFFICER, WARD 1 (2), NEW DELHI. (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI YISHU GOEL, A.R. FOR REVENUE : SHRI SUBHA KANT SAHU, SR. D.R. DATE OF HEARING : 16 . 12 .2019 DATE OF PRONOUNCEMENT : 16 .1 2 .2019 ORDER PER BHAVNESH SAINI, J.M. THIS APPEAL BY ASSESSEE HAS BEEN DIRECTED AGAINST THE ORDER OF THE LD. CIT(A)-44, NEW DELHI, DATED 29.01.2016, FOR THE A.Y. 2010-2011. 2 ITA.NO.4109/DEL./2016 M/S. ADVANTEC COILS (P.) LTD., [NOW KNOWN AS ZAMIL AIR CONDITIONERS INDIA PRIVATE LIMITED], NEW DELHI. 2. LEARNED COUNSEL FOR THE ASSESSEE FILED AN APPLICATION STATING THEREIN THAT SINCE ASSESSEE IS RUNNING INTO LOSSES AND WOULD NOT BE ABLE TO BEAR THE LITIGATION EXPENSES, THEREFORE, IN ORDER TO BUY PEACE OF MIND, ASSESSEE PRAYED FOR WITHDRAWAL OF THE APPEAL. 3. IN VIEW OF THE ABOVE, ASSESSEE IS ALLOWED TO WITHDRAW THE APPEAL. APPEAL OF ASSESSEE IS ACCORDINGLY DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF ASSESSEE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (B.R.R. KUMAR) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DELHI, DATED 16 TH DECEMBER, 2019 VBP/- COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT(A) CONCERNED 4. CIT CONCERNED 5. D.R. ITAT I - 1 BENCH 6. GUARD FILE 3 ITA.NO.4109/DEL./2016 M/S. ADVANTEC COILS (P.) LTD., [NOW KNOWN AS ZAMIL AIR CONDITIONERS INDIA PRIVATE LIMITED], NEW DELHI. // BY ORDER // ASST. REGISTRAR : ITAT DELHI BENCHES : DELHI.