DCIT, Chandigarh V. M/s Dynamic Finvest Services (P) Ltd., New Delhi

ITA 527/CHANDI/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 6584 (ITAT-CHANDIGARH)
• Duration Of Justice: 2 year(s) 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-11-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 14-05-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: GULSHAN RAJ
• Keywords: Tax effect

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCHES A, CHANDIGARH BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER & DR. B.R.R. KUMAR, ACCOUNTANT MEMBER ITA NO. 527/CHD/2015 ASSESSMENT YEAR: 2010-11 THE DCIT, VS. M/S DYNAMIC FINVEST SERVICES (P) LTD, CENTRAL CIRCLE-1, NEW DELHI CHANDIGARH PAN NO. AAACD3347E (APPELLANT) (RESPONDENT) APPELLANT BY : SH. GULSHAN RAJ, CIT-DR RESPONDENT BY : SH. SUDHIR SEGHAL (FOR SHRI TEJ MOHAN SINGH) DATE OF HEARING : 22.11.2017 DATE OF PRONOUNCEMENT : 22.11.2017 ORDER PER SANJAY GARG, JUDICIAL MEMBER: THE PRESENT APPEAL HAS BEEN PREFERRED BY THE REVENU E AGAINST THE ORDER OF THE PRINCIPAL COMMISSIONER OF INCOME TAX ( OSD), [HEREINAFTER REFERRED TO AS PCIT] GURGAON DATED 13.03.2015. 2. AT THE OUTSET, THE LD. DR HAS STATED THAT THAT T AX EFFECT INVOLVED IN THE PRESENT CASE IS LESS THAN THE PRESCRIBED LIMIT OF RS. 10 LACS. HE, IN THIS REGARD HAS PRODUCED ON RECORD THE APPROVAL OF THE P RINCIPAL CIT (CENTRAL), GURGAON FOR WITHDRAWAL OF THE AFORESAID CASE FROM I TAT ON ACCOUNT OF LOW TAX EFFECT. A COPY OF THE LETTER DATED 15.11.2017 ISSUED BY SHRI BHOPAL SINGH, DCIT (HQ)(JULD.) O/O PR. CIT (CENTRAL), GURG ON ADDRESSED TO 2 JCIT, CENTRAL RANGE, CHANDIGARH CONVEYING THE APPRO VAL FOR SAID WITHDRAWAL IS PLACED ON RECORD. THE LD. COUNSEL FOR THE ASSESSEE HAS NO OBJECTION TO THE SAID WITHDRAWAL. 3. IN VIEW OF THE ABOVE, THE APPEAL OF THE REVENUE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 22.11.2017 SD/- SD/- (DR. B.R.R. KUMAR) (SANJAY GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 22.11.2017 RKK COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR