M/s. Valley Iron & Steel Co. Ltd., New Delhi V. ACIT, New Delhi

ITA 5144/DEL/2014

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 5216 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 10 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-08-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2006-2007
• Appeal Filed On: 18-09-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: B NEW DELHI BEFORE SHRI R.S. SYAL, HONBLE VICE PRESID ENT & SHRI K. NARSIMHA CHARY, JUDICIAL MEMBER ITA NO.-5144/DEL/2014 ( ASSESSMENT YEAR: 2006-07) VALLEY IRON & STEEL CO. LTD. C/O RAJ KUMAR & ASSOCIATES, CHARTERED ACCOUNTANTS, 4435/7, ANSARI ROAD, DARYA GANJ, NEW DELHI. AAACB4632N VS ACIT CENTRAL CIRCLE 5, NEW DELHI. ASSESSEE BY SH. RAJ KUMAR GUPTA, CA REVENUE BY SMT. RACHNA SINGH, CIT DR ORDER PER SHRI K.N. CHARY, J.M. THIS IS AN APPEAL CHALLENGING THE ORDER DATED 31.0 7.2014 IN APPEAL NO. 883/13-14 TO 889/13-14 PASSED BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS)-XXXI, NEW DELH I, WHERE UNDER HE CONFIRMED THE ORDER DATED 27.01.2014 U/S 2 71(1)(C) OF THE INCOME TAX ACT,1961. DATE OF HEARING 16.08.2017 DATE OF PRONOUNCEMENT 16.08.2017 2 ITA NO. 5144/DEL/2014 2. HOWEVER, TODAY AT THE TIME OF HEARING, LD. AR SO UGHT PERMISSION OF THE BENCH TO PERMIT THE ASSESSEE TO W ITHDRAW THE APPEAL. LD. DR REPORTS NO OBJECTION. HENCE, RECOR DING THE SAME, PERMISSION IS GRANTED. 3. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 16.08.2017 SD/- SD/- (R.S. SYAL) (K. NARSIMHA CH ARY) VICE PRESIDENT JUDICIAL MEMB ER DATED: 16.08.2017 *KAVITA ARORA COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT TRUE COPY ASSISTANT REGISTRAR ITAT NEW DELHI 3 ITA NO. 5144/DEL/2014 DRAFT DICTATED ON 16.08.2017 DRAFT PLACED BEFORE AUTHOR 16.08.2017 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. 16.8.17 APPROVED DRAFT COMES TO THE SR.PS/PS 16.8.17 KEPT FOR PRONOUNCEMENT ON 16.8.17 FILE SENT TO THE BENCH CLERK 18.8.17 DATE ON WHICH FILE GOES TO THE AR DATE ON WHICH FILE GOES TO THE HEAD CLERK. DATE OF DISPATCH OF ORDER.