M/s. Apoorva Extrusion Pvt. Ltd., New Delhi V. DCIT, New Delhi

ITA 6964/DEL/2014

• Counselvise Citation: 696420114 RSA 2014
• Duration Of Justice: 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-07-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC 2
• Next Hearing Date: 15-07-2015
• Assessment Year: 2010-2011
• Appeal Filed On: 24-12-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MANOJ KR CHOPRA
• Section: 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH SMC-2, NEW DELHI) BEFORE SHRI J. S. REDDY, ACCOUNTANT MEMBER I.T.A. NO.6964 /DEL/2014 ASSESSMENT YEAR : 2010-11 APOORVA EXTRUSION PT. LTD. VS. DCIT, CC-18, 305, 3 RD FLOOR, BHANOT CORNER NEW DELHI PAMPOSH ENCLAVE, GK-1, NEW DELHI-110 048 GIR / PAN:AAACC2120L (APPELLANT) (RESPONDENT) APPELLANT BY : NONE RESPONDENT BY : SHRI MANOJ KR. CHOPRA, SR. DR DATE OF HEARING : 15.07.2015 DATE OF PRONOUNCEMENT : 16.07.2015 ORDER THIS IS AN APPEAL FILED BY ASSESSEE DIRECTED AGAIN ST THE ORDER OF LD. CIT(A) III, NEW DELHI, DATED 10.11.2014 FOR THE ASS ESSMENT YEAR 2010-11. 2. NONE PRESENT ON BEHALF OF ASSESSEE IN SPITE OF I SSUE OF NOTICE. THERE IS NO PETITION FOR ADJOURNMENT EITHER. UNDER THESE CI RCUMSTANCES, I PROCEED TO DECIDE THIS CASE EX-PARTE, QUA THE ASSESSEE, ON MER ITS, AFTER HEARING LD. D.R. 3. HEARD LD. D.R. ON CAREFUL CONSIDERATION OF FACT S AND CIRCUMSTANCES, OF THE CASE I HOLD AS FOLLOWS:- THE ASSESSEES CON TENTION IS THAT THE A.O. HAS NOT RECORDED SATISFACTION AS REQUIRED U/S 14A OF TH E ACT. WE FIND THAT THE A.O. AT PARA 3 HAS RECORDED SUCH SATISFACTION. IT IS NOT SPECIFIED IN THE ACT AS TO HOW A SATISFACTION SHOULD BE RECORDED. THUS, TH IS GROUND IS WITHOUT MERIT. 4. ON OTHER GROUNDS, LD. D.R. SUBMITTED THAT THE AS SESSEE HAS NO OTHER BUSINESS AND ITS ENTIRE INCOME EARNED IS FROM DIVID END AND THE EXPENDITURE IN QUESTION IS RELATABLE AND WAS INCURRED FOR THE P URPOSE OF EARNING DIVIDEND. ITA NO.6964/DEL/2014 2 AFTER PERUSING THE ORDER OF FIRST APPELLATE AUTHORI TY, I FIND NO INFIRMITY IN THE SAME. UNDER THESE CIRCUMSTANCES, I AFFIRM THE SAME . 5. IN THE RESULT, APPEAL FILED BY ASSESSEE IS DISMI SSED. 8. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH JULY, 2015. SD./- (J. S. REDDY) ACCOUNTANT MEMBER DATE: 16 TH JULY, 2015 SP COPY FORWARDED TO:- 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT (A)-, NEW DELHI. 5. THE DR, ITAT, LOKNAYAK BHAWAN, KHAN MARKET, NEW DEL HI. TRUE COPY. BY ORDER (ITAT, NEW DELHI). S.NO. DETAILS DATE INITIALS DESIGNATION 1 DRAFT DICTATED ON 15/7 SR. PS/PS 2 DRAFT PLACED BEFORE AUTHOR 16/7 SR. PS/PS 3 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM/AM 4 DRAFT DISCUSSED/APPROVED BY SECOND MEMBER AM/AM 5 APPROVED DRAFT COMES TO THE SR. PS/PS 16/7/15 SR. PS/PS 6 KEPT FOR PRONOUNCEMENT 16/7 SR. PS/PS 7 FILE SENT TO BENCH CLERK 17/7 SR. PS/PS 8 DATE ON WHICH THE FILE GOES TO HEAD CLERK 9 DATE ON WHICH FILE GOES TO A.R. 10 DATE OF DISPATCH OF ORDER