M/s. Ratilal Bhagwandas Construction Co., Pune V. CIT, V, Pune, Pune

ITA 533/PUN/2011

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 59981 (ITAT-PUNE)
• Duration Of Justice: 9 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-02-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 25-04-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S K SINGH
• Assessee Lawyers: NILESH KHANDELWAL
• Keywords: Revision of order
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH B, PUNE BEFORE SHRI I.C. SUDHIR, JUDICIAL MEMBER AND SHRI D. KARUNAKARA RAO, ACCOUNTANT MEMBER ITA NO.533/PN/2011 ASSESSMENT YEAR : 2006 - 07 RATILAL BHAGAVANDAS CONSTRUCTION CO. C/O SHAH KANDELWAL JAIN & ASSOCIATES, C.A., LEVEL 3, BUSINESS BAY, PLOT NO. 84, WELLESLEY ROAD, NEAR R.T.O, PUNE 411 001. PAN: AADFR0346R VS. COMMISSIONER OF I NCOME - TAX-V, PUNE (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI NILESH KHANDELWAL, AR RESPONDENT BY: SHRI S.K. SINGH , DR DATE OF HEARING: 06.02.2012 DATE OF PRONOUNCEMENT: 06 .02.2012 ORDER PER D. KARUNAKARA RAO, AM THIS APPEAL IS PREFERRED BY THE ASSESSEE AGAINST T HE REVENUE ORDER DATED 11.3.2011 U/S 263 OF THE ACT FOR THE ASSESSMENT YEA R 2006-07. 2. AT THE OUT-SET THE LEARNED COUNSEL FOR THE ASSES SEE BROUGHT OUR ATTENTION TO A LETTER DATED 3.2.2012 AND MENTIONED THAT THE ASSES SEE HAS DECIDED TO WITHDRAW THE APPEAL FOR THE REASON THAT THE ORDER OF THE AO GIVI NG EFFECT TO THE ABOVE SAID REVIEW ORDER OF THE LEARNED CIT WAS FINALIZED WITHOUT MAKI NG ANY ADDITION. IN CONSEQUENTI, THE IMPUGNED ORDER OF THE CIT HAS NO ADVERSE TAX IM PLICATIONS ON THE ASSESSEE. CONSIDERING THE SAME ASSESSEE PLEADED FOR PERMISSIO N TO WITHDRAW THE APPEAL. 2 ITA NO.533/PN/2011 3. ON ENQUIRING WITH THE REVENUE SIDE WE HAVE DECI DED TO GRANT REQUISITE PERMISSION FOR WITHDRAWING THE APPEAL UNDER CONSIDE RATION. ACCORDINGLY THE GROUNDS RAISED IN THE APPEAL ARE DISMISSED AS WITHDRAWN . 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 6 TH DAY OF FEBRUARY, 2012. SD/- SD/- (I.C. SUDHIR) (D. KARUNAKAR RAO) JUDICIAL MEMBER ACCOUNTANT MEMBER PUNE, DATED:6-2-2012 OKK COPY OF THE ORDER IS FORWARDED TO : 1. ASSESSEE AS MENTIONED IN THE CAUSE TITLE 2. ACIT, CIRCLE-8, PUNE. 3. CIT-V,PUNE 4. D.R. ITAT B BENCH, PUNE. 5. GUARD FILE BY ORDER ASSISTANT REGISTRAR I.T.A.T, PUNE