Mono Steel (India) Ltd., Bhavnagar V. The Dy.CIT(OSD)-I, Circle-4, Now Dy.CIT, Circle-2(1)(2), Ahmedabad

ITA 553/AHD/2016

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 5983 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-03-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 04-03-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: VIJAY MEHTA WITH HARSH BHUTA
• Keywords: Tax effect
• Section: 154

Judgement Text

ITA NO. 553/AHD/2016 MONO STEEL (INDIA) LTD VS. DCIT ASSESSMENT YEAR: 2010-11 PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD A BENCH, AHMEDABAD [CORAM: PRAMOD KUMAR AM AND RAJPAL YADAV JM] ITA NO. 553/AHD/2016 ASSESSMENT YEAR: 2010-11 MONO STEEL (INDIA) LTD ................. .APPELLANT C/O. VIJAYKUMAR & CO. NEAR SAKAR BAZAR, DANAPITH, BHAVNAGAR-364 001 [PAN : AADCM 3137 C] VS. DY. COMMISSIONER OF INCOME-TAX (OSD)-I ...........................RESPONDENT CIRCLE 4, AHMEDABAD APPEARANCES BY: VIJAY MEHTA WITH HARSH BHUTA FOR THE APPELLANT MUDIT NAGPAL FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING : 06.03.2018 DATE OF PRONOUNCING THE ORDER : 08.03.2018 O R D E R PER PRAMOD KUMAR, AM: 1. THIS APPEAL, FILED BY THE ASSESSEE, IS DIRECTED AGAINST LEARNED CIT(A)S ORDER DATED 31 ST DECEMBER 2015 PASSED UNDER SECTION 154 OF THE INCO ME-TAX ACT, 1961, FOR THE ASSESSMENT YEAR 2010-11. 2. WHEN THIS APPEAL WAS CALLED OUT FOR HEARING, LEA RNED COUNSEL SUBMITTED THAT IN THE EVENT OF ITA NO.2466/AHD/2014, I.E. REVENUE S APPEAL FOR THE ASSESSMENT YEAR 2010-11 ON MERITS, BEING DISMISSED, THE GRIEVA NCE RAISED IN THIS APPEAL WILL BE RENDERED ACADEMIC. 3. LEARNED DEPARTMENTAL REPRESENTATIVE DOES NOT DIS PUTE THE SUBMISSION SO MADE BY THE ASSESSEE. 4. VIDE OUR ORDER OF EVEN DATE, WE HAVE DISMISSED I TA NO.2466/AHD/2014 AS NOT MAINTAINABLE IN VIEW OF LOW TAX EFFECT. ACCORDINGL Y, THIS APPEAL IS ALSO DISMISSED AS INFRUCTUOUS. 5. IN THE RESULT, THE APPEAL IS DISMISSED. PRONOUN CED IN THE OPEN COURT TODAY ON THE 8 TH MARCH, 2018 SD/- SD/- SD/- SD/- RAJPAL YADAV PRAMOD KUMAR (JUDICIAL MEMBER) (ACCOUNTANT MEMBER) AHMEDABAD, THE 8 TH DAY OF MARCH, 2018 **BT ITA NO. 553/AHD/2016 MONO STEEL (INDIA) LTD VS. DCIT ASSESSMENT YEAR: 2010-11 PAGE 2 OF 2 COPIES TO: (1) THE APPELLANT (2) THE RESPONDENT (3) COMMISSIONER (4) CIT(A) (5) DEPARTMENTAL REPRESENTATIVE (6) GUARD FILE BY ORDER TRUE COPY ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL AHMEDABAD BENCHES, AHMEDABAD 1. DATE OF DICTATION: ..... ORDER PREPARED AS PER 1 PAGE MANUSCRIPT OF HONBLE AM, WHICH IS ATTACHED....-08.03.2018.. 2. DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE T HE DICTATING MEMBER: ... 08.03.2018........ 3. DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR . P.S./P.S.: ....... . 4. DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE TH E DICTATING MEMBER FOR PRONOUNCEMENT: ....... 5. DATE ON WHICH THE FILE GOES TO THE BENCH CLERK : ... 6. DATE ON WHICH THE FILE GOES TO THE HEAD CLERK : . 7. THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT RE GISTRAR FOR SIGNATURE ON THE ORDER :