Constructive Finance Pvt. Ltd., New Delhi V. ACIT, Circle- 6(2), New Delhi

ITA 7813/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 7706 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-08-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 28-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAGDISH SINGH
• Assessee Lawyers: M K GIRI

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI B BEN CH, NEW DELHI [THROUGH VIDEO CONFERENCE] BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND SHRI KULDIP SINGH, JUDIC IAL MEMBER ITA NO. 7813/DEL/2017 [ASSESSMENT YEAR: 2013-14] CONSTRUCTIVE FINANCE PVT LTD VS THE A.C.I.T 414/1 FOURTH FLOOR, CIRCLE - 6(2) DDA COMM COMPLEX, DISTRICT CENTER, NEW DELHI. JANAKPURI , NEW DELHI. PAN : AACCC 9252 D [APPELLANT] [RESPONDENT] DATE OF HEARING : 31.08.2020 DATE OF PRONOUNCEMENT : 31.08.2020 ASSESSEE BY : SHRI M.K. GIRI, ADV REVENUE BY : SHRI JAGDISH SINGH, SR. DR ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, WITH THIS APPEAL, THE ASSESSEE HAS CHALLENGED THE C ORRECTNESS OF THE ORDER OF THE LD. CIT(A) DATED 23.10.2017 PERTAINING TO A.Y 2013-14. 2 2. THE SOLITARY GRIEVANCE OF THE ASSESSEE IS THAT T HE LD. CIT(A) ERRED IN CONFIRMING THE ADDITION OF RS. 4.67 CRORES MADE BY THE ASSESSING OFFICER IN RESPECT OF COMPENSATION RECEIVED BY THE APPELLANT C OMPANY. 3. VIDE APPLICATION DATED 25.08.2020, THE ASSESSEE HAS SOUGHT PERMISSION TO WITHDRAW THE APPEAL STATING THAT THE ASSESSEE HA S FILED AN APPLICATION BEFORE THE DESIGNATED AUTHORITY UNDER THE VIVAD SE VISHWAS ACT, 2020. 4. BEFORE US, THE LD. COUNSEL FOR THE ASSESSEE STAT ED THAT THE APPLICATION HAS BEEN ACCEPTED AND THE ASSESSEE MAY BE ALLOWED T O WITHDRAW THE APPEAL. 5. ON SUCH STATEMENT, THE APPEAL IS DISMISSED AS WI THDRAWN. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IN ITA NO. 7813/DEL/2017 IS DISMISSED AS WITHDRAWN. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 31.08 .2020. SD/- SD/- [KULDIP SINGH] [N.K. BILLAIYA] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 31 ST AUGUST, 2020 3 VL/ COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI DATE OF DICTATION DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS /PS DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE D ICTATING MEMBER FOR PRONOUNCEMENT DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR.P S/PS DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 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