M/s. VSB Investments P. Ltd., Faridabad V. ACIT, Faridabad

ITA 4282/DEL/2014

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 3551 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 5 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-02-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2008-2009
• Appeal Filed On: 06-08-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: AMIT JAIN SENIOR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH D DD D : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, PRESIDENT PRESIDENT PRESIDENT PRESIDENT AND AND AND AND SMT. BEENA A. PILLAI SMT. BEENA A. PILLAI SMT. BEENA A. PILLAI SMT. BEENA A. PILLAI, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA ITAITA ITA NO NONO NO . .. . 4282/DEL/2014 4282/DEL/2014 4282/DEL/2014 4282/DEL/2014 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 2008 2008 2008 2008 - -- - 09 0909 09 M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., B BB B- -- -400, 3 400, 3 400, 3 400, 3 RD RDRD RD FLOOR, FLOOR, FLOOR, FLOOR, NEHRU GROUND, NEHRU GROUND, NEHRU GROUND, NEHRU GROUND, FARIDABAD FARIDABAD FARIDABAD FARIDABAD 121 001. 121 001. 121 001. 121 001. PAN : AABCV7492B. PAN : AABCV7492B. PAN : AABCV7492B. PAN : AABCV7492B. VS. VS. VS. VS. ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -II, II,II, II, FARIDABAD. FARIDABAD. FARIDABAD. FARIDABAD. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI SHANTANU JAIN, ADVOCATE. RESPONDENT BY : SHRI AMIT JAIN, SENIOR DR. DATE OF HEARING : 18.01.2018 18.01.2018 18.01.2018 18.01.2018 DATE OF PRONOUNCEMENT : 01.02.2018 01.02.2018 01.02.2018 01.02.2018 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, PRESIDENT PRESIDENT PRESIDENT PRESIDENT : :: :- -- - THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2008-0 9 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-2, FAR IDABAD DATED 11 TH JUNE, 2014. 2. AT THE TIME OF HEARING BEFORE US, THE LEARNED COU NSEL FOR THE ASSESSEE REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE TO AVOID LITIGATION AND TO BUY PEACE OF MIND. LEAR NED SENIOR DR HAD NO OBJECTION. ITA-4282/DEL/2014 2 3. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF TH E ASSESSEE FOR WITHDRAWAL OF THE APPEAL. ACCORDINGLY, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED A S WITHDRAWN. DECISION PRONOUNCED IN THE OPEN COURT ON 01.02.2018. SD/- SD/- (BEENA A. PILLAI (BEENA A. PILLAI (BEENA A. PILLAI (BEENA A. PILLAI ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER PRESIDENT PRESIDENT PRESIDENT PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., M/S VSB INVESTMENTS P.LTD., B BB B- -- -400, 3 400, 3 400, 3 400, 3 RD RDRD RD FLOOR, NEHRU GROUND, FLOOR, NEHRU GROUND, FLOOR, NEHRU GROUND, FLOOR, NEHRU GROUND, FARID FARID FARID FARIDABAD ABAD ABAD ABAD 121 001. 121 001. 121 001. 121 001. 2. RESPONDENT : ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -II, FARIDABAD. II, FARIDABAD. II, FARIDABAD. II, FARIDABAD. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR