PNB Housing Finance Ltd., New Delhi V. DCIT, New Delhi

ITA 6048/DEL/2016

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 4702 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-08-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 28-11-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: NEW DELHI

Judgement Text

INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA NOS.:- 6047 & 6048/DEL/2016 ASSESSMENT YEARS: 2009-10 & 2010-11 O R D E R PER BENCH THESE APPEALS HAVE BEEN FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) -7, NEW DELHI DATED 22.9.2016 FOR 2009-10 ASSTT. YEAR. P NB HOUSING FINANCE LTD. 9 TH FLOOR, ANTRIKSH BHAWAN 22, K.G. MARG, NEW DELHI 110 001 VS. D CIT, CIRCLE 19(1) & 19(2), NEW DELHI. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI VIJAY NISCHAL, CA DEPARTMENT BY : SHRI SURENDER PAL , SR. DR DATE OF HEARING 01 /08 /201 9 DATE OF PRONOUNCEMENT 01 /08 /201 9 2 2. AT THE OUTSET THE LD. AR SUBMITTED THAT LD. AO WAS NOT JUSTIFIED IN HOLDING VIEW THAT ASSESSEE COMPANY HAS CONSCIOUSLY MADE CONCEALMENT AND FURNISH INACCURATE PARTICULARS OF INCOME WITH A VIEW TO AVOID IMPOSITION TAX CLAIMING INADMISSIBLE DEDUCTION UNDER THE PROVISION OF INCOME TAX ACT, 1961. IT IS PRAYED THAT CONTENTION OF AO BEING UNWARRANTED BE REJECTED. 3. THE LD. SR. DR DOES NOT HAVE ANY OBJECTION FOR THE SAID REQUEST OF THE AR. 4. AFTER CONSIDERING THE REQUEST SUBMITTED BY THE APPELLANT AND ALSO LD. SR. DR DO NOT HAVE ANY OBJECTION, THE APPEALS ARE ALLOWED TO BE WITHDRAWN. 5. IN THE RESULT THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON 1 ST AUGUST, 2019. SD/- SD/- (PRASHANT MAHARISHI) (AMIT SHUKLA) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 01/08/2019 VEENA COPY FORWARDED TO 1. APPLICANT 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI