DCIT, New Delhi V. M/s. Sona Okegawa Precision Forgings Ltd., New Delhi

ITA 6682/DEL/2013

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 7831 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 4 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-05-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 03-05-2016
• Assessment Year: 2002-2003
• Appeal Filed On: 19-12-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: VIDUR PURI
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D , NEW DELHI BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER ITA NO. 6682 /DEL/201 3 AY: 200 2 - 03 DY.CIT, CIRCLE 9(1) VS. SONA OKEGAWA PRECISION FORGINGS LTD. NEW DELHI UGF - 6, INDRA PRAKASH BLDG. 21, BARAKHAMBA ROAD NEW DELHI PAN: AABCS 4786 P CROSS OBJECTION NO.244/DEL/14 (IN ITA NO. 6682 /DEL/201 3) AY: 2002 - 03 SONA OKEGAWA PRECISION FORGINGS LTD. VS. DY.CIT, CIRCLE 9(1) NEW DELHI NEW DELHI (APPELLANT) (RESPONDENT) DEPARTMENT BY : MS. RASHMITA JHA, SR. D.R. ASSESSEE BY : SH. VIDUR PURI, C.A. ORDER PER J. SUDHAKAR REDDY, ACCOUNTANT MEMBER TH IS APPEAL S IS FILED BY THE REVENUE . THE CROSS OBJECTION IS FILED BY THE ASSESSEE. ADMITTEDLY THE TAX EFFECT IN REVENUE S APPEAL IS LESS THAN RS.10 LAKHS. 1.1. IN TERMS OF CBDT CIRCULAR NO.21/2015 DATED 10 TH DECEMBER,2015, F. NO. 279/MISC./142/2007 - ITJ(PT.) READ WITH S.268 A OF THE INCOME TAX ACT 1961, TH IS APPEAL BY THE REVENUE SHOULD HAVE BEEN WITHDRAWN OR SHOULD NOT HAVE BEEN PRESSED BY THE REVENUE. 2 2. IN VIEW OF THE ABOVE TH IS APPEAL BY THE REVENUE IS DISMISSED IN LIMI NE . 3 . IN THE RESULT REVENUE S APPEAL IS DISMISSED IN LIMIN E . 4. SINCE WE HAVE DISMISSED REVENUE S APPEAL IN LIMINE, ASSESSEE S CROSS OBJECTION HAS BECOME INFRUCTUOUS AND IS DISMISSED AS SUCH. ORDER PRONOUNCED IN THE OPEN COURT ON 0 5 T H MAY, 2016 . S D / - S D / - (H.S. S I DHU ) (J. SUDHAKAR REDDY) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: THE 0 5 T H MAY, 2016 M ANGA COPY FORWARDED TO: - 1 . APPELLANT 2 . RESPONDENT 3 . CIT 4 . CIT(A) 5 . DR, ITAT - TRUE COPY - BY ORDER, ASSISTANT REGISTRAR