M/s. Eagle Flask Industries Ltd., Pune V. Additional Commissioner of Income-tax,

ITA 812/PUN/2014

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 9470 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 8 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 11-01-2018
• Assessment Year: 2005-2006
• Appeal Filed On: 23-04-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

] IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH A, PUNE BEFORE MS. SUSHMA CHOWLA, JM AND SHRI ANIL CHATURVEDI, AM . / ITA NOS.811 AND 812/PUN/2014 / ASSESSMENT YEARS : 2004-05 AND 2005-06 M/S. EAGLE FLASK INDUSTRIES LTD., APPELLANT. EAGLE ESTATE, TALEGAON DABHADE, PUNE 410507. PAN : AAACE4197M. VS. THE ADDL.COMMISSIONER OF INCOME TAX, RANGE-8, PUNE. .RESPONDENT APPELLANT BY : SHRI M.K. KULKARNI. RESPONDENT BY : SHRI RAJEEV KUMAR, CIT. / ORDER PER ANIL CHATURVEDI, AM: 1. THESE TWO APPEALS FILED BY THE ASSESSEE ARE EMANAT ING OUT OF TWO SEPARATE ORDERS OF COMMISSIONER OF INCOME-TAX (A) V, P UNE DT.21.01.2014 FOR THE ASSESSMENT YEARS 2004-05 AND 2005-06. 2. ASSESSEE IS A COMPANY ENGAGED IN THE BUSINESS OF MANUFA CTURING OF GLASS REFILLS, VACCUM FLASKS AND INSULATED WARES. ASSESSEE FILED ITS RETURN OF INCOME ON 01.11.2014 DECLARING LOSS OF RS.18,66,24,6 99/-. THE CASE WAS SELECTED FOR SCRUTINY AND THEREAFTER ASSESSMEN T WAS FRAMED U/S 143(3) OF THE ACT VIDE ORDER DT.26.12.2006 AND THE TOTAL LO SS WAS DETERMINED AT RS.9,13,49,965/-. AGGRIEVED BY THE ORDERS OF AO, ASSESSEE CARRIED THE MATTER BEFORE LD.CIT(A), WHO GRANTED PARTIAL RE LIEF TO THE / DATE OF HEARING : 11.01.2018 / DATE OF PRONOUNCEMENT: 11.01.2018 2 ASSESSEE. AGGRIEVED WITH THE ORDERS OF LD.CIT(A), ASSESSE E IS NOW IN APPEAL BEFORE US. 3. ON THE DATE OF HEARING, LD. A.R. FILED A LETTER DT.11.01.20 18 SUBMITTING THAT ASSESSEE WANTS TO WITHDRAW THE APPEALS . REVENUE HAS NO OBJECTION IN ASSESSEES WITHDRAWING THE APPEALS. 4. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE M ATERIAL ON RECORD. IN VIEW OF THE AFORESAID REQUEST OF LD.A.R, THE APPE ALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE DIS MISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE 11 TH DAY OF JANUARY, 2018. SD/- SD/- ( SUSHMA CHOWLA ) ( ANIL CHATURVEDI ) / JUDICIAL MEMBER ! / ACCOUNTANT MEMBER PUNE; DATED : 11 TH JANUARY, 2018. YAMINI '#$%&'&$ / COPY OF THE ORDER FORWARDED TO : 1 . / THE APPELLANT 2. / THE RESPONDENT 3. 4. 5. 6. CIT(A)-V, PUNE. CIT-V, PUNE. !' 1 '#$,& #$ , / DR, ITAT, A PUNE; !()*/ GUARD FILE. / BY ORDER , // TRUE COPY // // TRUE COP , -. '/ #0 / SR. PRIVATE SECRETARY & #$ , / ITAT, PUNE.