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

ITA 5145/DEL/2014

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 4228 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 3 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-01-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2007-2008
• Appeal Filed On: 18-09-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO.5145/DEL/2014 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: D NEW DELHI BEFORE SHRI G.D. AGRAWAL, HONBLE PRESIDEN T & SHRI K.N. CHARY, JUDICIAL MEMBER ITA NO.-5145/DEL/2014 ( ASSESSMENT YEAR: 2007-08) 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 SHRI RAJKUMAR, CA REVENUE BY SMT. RITU SHARMA, SR. DR ORDER PER K. NARSIMHA CHARRY, J.M. THIS IS AN APPEAL BY THE ASSESSEE CHALLENGING THE O RDER DATED 31.07.2014 IN APPEAL NO. 886/13-14 PASSED BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS)-XXI, NEW DELHI (FOR SHORT CALLED LD. CIT(A)). 2. WHEN THIS MATTER IS CALLED TODAY, LD. AR REPORTE D THAT PURSUANT TO THE ORDERS DATED 06.05.2016 PASSED BY T HE HONBLE HIGH COURT VIDE W.P.(C) 929/2015 & CM 1626/2015, LD . AO DATE OF HEARING 03.01.2018 DATE OF PRONOUNCEMENT 03.01.2018 ITA NO.5145/DEL/2014 2 REVISED THE PENALTY AS NIL, AS SUCH THIS APPEAL HAS BECOME INFRUCTUOUS AND PRAYED PERMISSION TO WITHDRAW THE SAME. HE PRODUCED THE COPY OF THE ORDER DATED 03.08.2016 PAS SED BY THE LD. AO GIVING APPEAL AFFECT. WE HAVE PERUSED THE SA ME. LD. DR DOES NOT OBJECT FOR THE SAME. 3. IN THIS CIRCUMSTANCES, THE PERMISSION SOUGHT IS ACCORDED AND THE APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 3 RD JANUARY, 2018. SD/- SD/- (G.D. AGRAWAL) (K. NARSIMHA CHAR RY) PRESIDENT JUDICIAL MEMBER DATED: 03.01.2018 *BINITA* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT TRUE COPY ASSISTANT REGISTRAR ITAT NEW DELHI ITA NO.5145/DEL/2014 3 DRAFT DICTATED ON 03.01.2018 DRAFT PLACED BEFORE AUTHOR 03.01.2018 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. APPROVED DRAFT COMES TO THE SR.PS/PS 03.01.2018 KEPT FOR PRONOUNCEMENT ON 03.01.2018 FILE SENT TO THE BENCH CLERK DATE ON WHICH FILE GOES TO THE AR DATE ON WHICH FILE GOES TO THE HEAD CLERK. DATE OF DISPATCH OF ORDER.