M/s Arora Knit Fab Pvt. Ltd., Ludhiana V. Addl. CIT, Ludhiana

ITA 453/CHANDI/2014

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 90157 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 1 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-06-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 01-06-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 28-04-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: DR AMA RVEER SINGH
• Keywords: Deemed to accrue or arise in india
• Section: 143(3); 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCH B CHANDIGARH BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI T.R.SOOD, ACCOUNTANT MEMBER ITA NO. 453/CHD/2014 ASSESSMENT YEAR: 2009-10 M/S ARORA KNIT FAB PVT. LTD., VS THE ADDL.CIT, HA-5, PHASE-VI, CIRCLE I, FOCAL POINT, LUDHIANA. LUDHIANA. PAN: AACCA9779K (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI SURINDER MAHA JAN RESPONDENT BY : DR. AMARVEER SINGH DATE OF HEARING : 01.06.2015 DATE OF PRONOUNCEMENT : 01.06.2015 O R D E R PER BHAVNESH SAINI,JM THIS APPEAL BY ASSESSEE IS DIRECTED AGAINST THE ORD ER OF LD. COMMISSIONER OF INCOME TAX-I LUDHIANA DATED 22/27.0 3.2014 FOR ASSESSMENT YEAR 2009-10 UNDER SECTION 263 OF TH E INCOME TAX ACT. 2. THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT AS PER DIRECTION OF THE LD. COMMISSIONER OF INCOME TAX-I L UDHIANA IN THE ORDER UNDER SECTION 263 OF THE ACT, ASSESSING O FFICER HAS PASSED CONSEQUENTIAL ASSESSMENT ORDER UNDER SECTION 143(3) READ WITH SECTION 263 OF THE ACT DATED 22.01.2015, COPY OF THE SAME IS PLACED ON RECORD IN WHICH THE ASSESSING OFF ICER 2 MAINTAINED ADDITION ON ACCOUNT OF DEEMED INCOME OF RS. 75,00,000/- AGAINST WHICH ASSESSEE IS IN APPEAL BEF ORE LD. CIT(APPEALS) AND SEEKS PERMISSION TO WITHDRAW THE P RESENT APPEAL. ENDORSEMENT TO THAT EFFECT IS MADE IN THE APPEAL PAPERS. 3. THE LD. COUNSEL FOR THE ASSESSEE, IN VIEW OF THE ABOVE FACTS, SEEKS PERMISSION TO WITHDRAW THE PRESENT APPEAL. 4. IN VIEW OF THE STATEMENT OF THE LD. COUNSEL FOR THE ASSESSEE, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAW N. ORDER PRONOUNCED IN THE OPEN COURT ON 1 ST JUNE, 2015. SD/- SD/- (T.R.SOOD) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 1 ST JUNE, 2015. POONAM COPY TO: THE APPELLANT, THE RESPONDENT, THE CIT(A), THE CIT, DR ASSISTANT REGISTRAR, ITAT CHANDIGARH