Jaypee Cement Corporation Limited, Noida V. Pr, CIT, Noida

ITA 606/DEL/2021

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 8144 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 3 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2016-2017
• Appeal Filed On: 26-05-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER AND SHRI ANUBHAV SHARMA, JUDICIAL MEMBER आयकर अपील सं./I.T. A. No.606/Del/2021 ( नधा रण वष / Assess ment Yea r : 2016-17) Ja yp e e C e m e n t C o r p o r a ti o n L td . Se c to r 1 2 8 , G a u ta m B u d h N a g a r , N o id a बनाम/ V s . Pr . C o m m i s si o n e r o f I n c o m e T a x , N o i d a थायी लेखा सं. /जीआइआर सं. / P A N / G I R N o . A A A C Z 2 1 6 8 D (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से /Appellant by : Sh. Praveen Kumar, CA यथ क ओर से / Respondent by : Sh. Anuj Garg, Sr. DR स ु नवाई क तार ख / D a t e o f H e a r i n g 12.09.2022 घोषणा क तार ख /D a t e o f P r o n o u n c e m e n t 12.09.2022 आदेश/O R D E R PER PRADIP KUMAR KEDIA, AM: The captioned appeal has been filed at the instance of the assessee against the order of the Pr. Co mmissioner of Inco me Tax, Noida dated 28.03.2021 passed under section 263 of the Act concerning AY 2016-17. 2. As per the grounds of appeal, the assessee has challenged the revisional order dated 28.03.2021 passed u/s. 263 of the Act concerning A.Y. 2 016-17. 3. When the matter was called for hea ring, the Ld. Cou nsel for the assessee interalia sub mitted that the assessment order passed u/s. 143(3) r.w.s 263 of the Act date d 30.03.2022 in pursuance of the directions u/s.263 of the Act has once again assessed the total loss at Rs.3,98,40,56,630/- which is identical to the loss assessed in the original assessme nt passed u/s. 143 (3) of the Act dated 10.12.2018 which order, has b een subject matter to revision. 4. In the light of facts pointed out on behalf of the assessee, apparently no prejudice subsists against the assessee by the i mpugned revisional order passed u/s. 263 of the Act which is sought to be challenged in the present appeal. 5. We thus do not consider it expedient spend judicial time on such acade mic and infructuous litigation. 6. In the result, t he appeal of the assessee is dismissed as infructuous. Sd/- Sd/- (ANUBHAV SH ARMA) (PRADI P K UM AR K EDIA) JUDI CIAL ME MBER ACCO UNTANT M EMBE R Dated: /09/2022 *Neha, Sr. Private Secretary* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI This Order was pronounced in the open court on 12/09/2022 Date of dictation 13.09.2022 Date on which the typed draft is placed before the dictating Member 14.09.2022 Date on which the typed draft is placed before the Other Member 19.09.2022 Date on which the approved draft comes to the Sr. PS/PS 19.09.2022 Date on which the fair order is placed before the Dictating Member for pronouncement 19.09.2022 Date on which the fair order comes back to the Sr. PS/PS 19.09.2022 Date on which the final order is uploaded on the website of ITAT 19.09.2022 Date on which the file goes to the Bench Clerk 19.09.2022 Date on which the file goes to the Head Clerk