ACIT, Circle Karnal, Karnal V. Liberty Shoes Ltd., Karnal

ITA 7124/DEL/2017

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 8447 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 4 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-04-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 28-11-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: HARISHARAN GUPTA ITO
• Keywords: Tax effect
• Section: 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: D NEW DELHI BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT & SHRI BHAVNESH SAINI, JUDICIAL MEMBER ITA NO. 7124/DEL/2017 ASSESSMENT YEAR: 2010-11 ACIT CIRCLE KARNAL, AAYAKAR BHAWAN, SECTOR-12, KARNAL, HARYANA. VS LIBERTY SHOES LTD. 13 TH MILE STONE, LIBERTY PURAM, G.T. ROAD, BASTARA, KUTAIL, KARNAL, HARYANA. PAN NO. AAACL3146K APPELLANT RESPONDENT ASSESSEE BY NONE REVENUE BY SH. HARISHARAN GUPTA, ITO ORDER PER SHRI BHAVNESH SAINI, J.M. THE DEPARTMENTAL APPEAL HAS BEEN DIRECTED AGAINST THE ORDER OF LD. CIT(APPEALS), KARNAL DATED 17.10.2016 FOR AY 2010-11, CHALLENGING THE DELETION OF ADDITION OF RS. 62,75,4 72/- U/S 14A OF THE I.T. ACT. 2. THE ADDL. CIT, KARNAL HAS MOVED THE APPLICATION DATED 08.04.2019 STATING THEREIN THAT THE TAX EFFECT IN T HE DEPARTMENTAL APPEAL IS BELOW RS. 20 LAKHS AND, AS SUCH, THE DEPA RTMENTAL DATE OF HEARING 11.04.2019 DATE OF PRONOUNCEMENT 11.04.2019 2 ITA NO. 7124/DEL /2017 APPEAL SHALL HAVE TO BE WITHDRAWN IN VIEW OF VIDE C IRCULAR NO. 3/2018. IT IS PRAYED IN THE APPLICATION THAT DEPAR TMENTAL APPEAL MAY BE DISMISSED AS WITHDRAWN ACCORDINGLY. THE LET TER IS PLACED ON RECORD. 3. IN VIEW OF THE ABOVE, SINCE THE TAX EFFECT IN TH E DEPARTMENTAL APPEAL IS BELOW RS. 20 LAKHS, THEREFORE, DEPARTMENT AL APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 11.04.2019 SD/- SD/- (G.D. AGRAWAL) (BHAVNESH SAINI) VICE PRESIDENT JUDICIAL MEM BER DATED: 11.04.2019 *KAVITA ARORA COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT TRUE COPY ASSISTANT REGISTRAR ITAT NEW DELHI 3 ITA NO. 7124/DEL /2017 DATE OF DICTATION 11.04.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 11.04.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR. P S/PS DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE D ICTATING MEMBER FOR PRONOUNCEMENT 11.4.19 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/PS 11.4.19 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WE BSITE OF ITAT 12.4.19 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 12.4 .19 DATE ON WHICH THE FILE GOES TO THE HEAD CLERK THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT RE GISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER