Omne Agate Systems (P) Ltd., CHENNAI V. DCIT, CHENNAI

ITA 883/CHNY/2011

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 57962 (ITAT-CHENNAI)
• Duration Of Justice: 9 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-02-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 20-02-2012
• Assessment Year: 2006-2007
• Appeal Filed On: 13-05-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: T BANUSEKAR; N VIJAY KUMAR
• Section: 143(3)

Judgement Text

IN THE INCOME-TAX APPELLATE TRIBUNAL CHENNAI A BENCH, CHENNAI. BEFORE SHRI N.S. SAINI, ACCOUNTANT MEMBER & SHRI GEORGE MATHAN, JUDICIAL MEMBER I.T.A. NO. 883/MDS/2011 ASSESSMENT YEAR: 2006-07 OMNE AGATE SYSTEMS (P) LTD., IIND FLOOR, NO. 99, MURUGESA NAICKER COMPLEX, GREAMS ROAD, CHENNAI 600 006. [PAN: AAACO3548G] VS. THE DEPUTY COMMISSIONER OF INCOME TAX, COMPANY CIRCLE V(1), CHENNAI 600 034. (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI T. BANUSEKAR, C.A. & SHRI N. VIJAY KUMAR, C.A. REVENUE BY : SHRI SHAJI P. JACOB, ADDL. CIT DATE OF HEARING : 20.02.2012 DATE OF PRONOUNCEMENT : 20.02.2012 ORDER PER N.S. SAINI, ACCOUNTANT MEMBER THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST TH E ORDER OF THE LD. CIT CHENNAI III, CHENNAI DATED 23.03.2011 PASSED IN C. NO. 3033/34/III/2010-11 FOR ASSESSMENT YEAR 2006-07. SHRI T. BANUSEKAR & SH RI N. VIJAY KUMAR, C.AS REPRESENTED ON BEHALF OF THE ASSESSEE AND SHRI SHAJI P. JACOB, ADDL. CIT REPRESENTED ON BEHALF OF THE REVENUE. 2. AT THE OUTSET, THE LD. AR OF THE ASSESSEE SUBMI TTED THAT THE ASSESSING OFFICER HAS PASSED ORDER UNDER SECTION 143(3) R.W.S . 263 OF THE INCOME TAX ACT, 1961 ON 30.12.2011, WHEREIN HE HAS MADE NO ADD ITION ON ACCOUNT OF I.T.A. I.T.A. I.T.A. I.T.A. NO. NO. NO. NO.883 883883 883/M/11 /M/11 /M/11 /M/11 2 CENTRAL CAPITAL INVESTMENT SUBSIDY OF ` .30.00 LAKHS RECEIVED FROM THE MEGHALAYA STATE GOVERNMENT TO THE INCOME OF THE ASS ESSEE. THUS, THE APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER OF T HE LD. CIT UNDER SECTION 263 OF THE ACT DATED 23.03.2011 HAS BECOME INFRUCTU OUS AS NO GRIEVANCE REMAINS TO THE ASSESSEE AGAINST SUCH ORDER OF THE L D. CIT. HE, THEREFORE, PRAYED THAT THE ASSESSEE MAY BE PERMITTED TO WITHDR AW HIS APPEAL. 3. THE LD. DR DID NOT HAVE ANY OBJECTION TO THE SU BMISSIONS MADE BY THE LD. AR OF THE ASSESSEE. 4. HENCE, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. ORDER PRONOUNCED AT THE CLOSE OF THE HEARING IN THE PRESENCE OF THE PARTIES ON 20.02.2012. SD/ - SD/ - (GEORGE MATHAN) JUDICIAL MEMBER (N.S.SAINI) ACCOUNTANT MEMBER CHENNAI, DATED, THE 20.02.2012 VM/- TO: THE ASSESSEE//A.O./CIT(A)/CIT/D.R.