M/s. K.G. Finvest Pvt. Ltd., New Delhi V. ACIT, New Delhi

ITA 998/DEL/2014

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 3523 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-04-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 17-04-2017
• Assessment Year: 2003-2004
• Appeal Filed On: 20-02-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES : D : NEW DELHI BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA NO.998/DEL/2014 ASSESSMENT YEAR : 2003-04 K.G. FINVEST PVT. LTD., 10, 3 RD FLOOR, SATYA NIKETAN, NEW DELHI. PAN: AAACK4032H VS. ACIT, CENTRAL CIRCLE-13, NEW DELHI. ASSESSEE BY : SHRI SALIL KAPOOR & MS ANANYA KAPOOR,, ADVOCATES DEPTT. BY : SHRI NAVEEN CHANDRA, CIT, DR & SHRI U.C. DUBEY, SR. DR DATE OF HEARING : 17.04.2017 DATE OF PRONOUNCEMENT : 18.04.2017 ORDER PER R.S. SYAL, VP: THIS APPEAL BY THE ASSESSEE ARISES OUT OF THE ORDER PASSED BY THE CIT(A) ON 30.12.2013 IN RELATION TO THE ASSE SSMENT YEAR 2003-04. ITA NO.998/DEL/2014 2 2. THE LD. COUNSEL FOR THE ASSESSEE STATED, AT THE OUTSET, THAT THE LEGAL ISSUE RAISED IN THIS APPEAL IS ACADEMIC ONLY AND AS SUCH HE HAS THE INSTRUCTION NOT TO PRESS THE INSTANT APPEAL. HE, HO WEVER, RESERVED HIS RIGHT TO ARGUE SUCH AN ISSUE IN SUCCEEDING YEARS. N O OBJECTION WAS TAKEN BY THE LD. DR. UNDER THESE CIRCUMSTANCES, WE PERMIT THE ASSESSEE TO WITHDRAW THIS APPEAL. 3. IN THE RESULT, THE APPEAL IS DISMISSED AS NOT PR ESSED. ORDER PRONOUNCED IN THE OPEN COURT ON 18.04.2017. SD/- SD/- [SUCHITRA KAMBLE] [R.S. SYAL] JUDICIAL MEMBER VICE PRESIDENT DATED, 18 TH APRIL, 2017. DK COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR, ITAT AR, ITAT, NEW DELHI.