Precision Camshafts Ltd., Solapur V. Commissioner of Income-tax - IV,

ITA 558/PUN/2014

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 1033 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-10-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 12-10-2015
• Assessment Year: 2006-2007
• Appeal Filed On: 21-03-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B C MALAKAR
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH B , PUNE , , BEFORE MS. SUSHMA CHOWLA, JM AND SHRI PRADIP KUMAR KEDIA , A M . / ITA NO. 558 /PN/201 4 / ASSESSMENT YEAR : 200 6 - 0 7 PRECISION CAMSHAFTS LIMITED (FORMERLY KNOWN AS CLANCY PRECISION COMPONENTS PVT. LTD.) D - 5, MIDC, CHINCHOLI, SOLAPUR 413255 . / APPELLANT PAN: AABCC1368H VS. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE 2 , SOLAPUR . / RESPONDENT / APPELLANT BY : SHRI NIKHIL PATHAK / RESPOND ENT BY : SHRI B.C. MALAKAR / DATE OF HEARING : 1 2 . 1 0.20 15 / DATE OF PRONOUNCEMENT: 1 2 . 1 0.2015 / ORDER PER SUSHMA CHOWLA, J M : TH IS APPEAL FILED BY THE ASSESSEE IS AGAINST THE ORDER OF CIT - IV , PUNE DATED 2 4 . 0 1 .20 1 4 RELATING TO ASSESSMENT YEAR 20 0 6 - 0 7 AGAINST ORDER PASSED UNDER SECTIO N 263 OF THE INCOME - TAX ACT , 1961 (IN SHORT THE ACT) . 2. A WRITTEN REQUEST BY ASSESSEE VIDE APPLICATION DATED 12 . 1 0.2015 SEEKING PERMISSION TO WITHDRAW THE CAPTIONED APPEAL HAS BEEN PUT UP BEFORE THE BENCH, F OR WHICH LEARNED DEPARTMENTAL REPRESENTATIVE FOR THE REVENUE ITA NO. 558 /PN/20 1 4 PRECISION CAMSHAFTS LTD. 2 HAS NO T OBJECT ED . ACCORDINGLY, WE ARE GRANTING THE PRAYER OF THE ASSESSEE . THUS, WE DISMISS THE APPEAL AS HAVING BEEN WITHDRAWN. 3. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER P RONOUNCED IN OPEN COURT ON THIS 1 2 TH DAY OF OCTOBER , 201 5 . SD/ - SD/ - (PRADIP KUMAR KEDIA) (SUSHMA CHOWLA) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / PUNE ; DATED : 13 TH OCTOBER , 2015 . GCVSR / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT ; 2. / THE RESPONDENT; 3. / THE CIT - I V , PUNE ; 3. / THE CIT - I V , PUNE ; 4 . , , / DR B , ITAT, PUNE; 5 . / GUARD FILE . / BY ORDER , // TRUE COPY // / SR. PRIVATE SECRETARY , / ITAT, PUNE RUE COPY//