HARPARSHAD AND COMPANY PVT. LTD., NEW DELHI V. ADDL. CIT, SPECIAL BENCH-4, NEW DELHI

MA 148/DEL/2023

AI Insights

The case involves Harparshad & Company Pvt. Ltd., the appellant, against the Addl. CIT, Special Range-4, New Delhi, the respondent, concerning the assessment year 2014-15. The core issue revolved around the allowability of certain deductions or claims made by the assessee, which were initially contested by the revenue authorities. The Income Tax Appellate Tribunal, after hearing arguments from both parties and reviewing the material on record, decided in favor of the assessee, allowing both the Miscellaneous Application and the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 116180 (ITAT-DELHI)
• Duration Of Justice: 5 month(s) 28 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 11-09-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 13-07-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 14-03-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘C’, NEW DELHI Before Sh. C. M. Garg, Judicial Member Dr. B. R. R. Kumar, Accountant Member MA No. 148/Del/2023 (In ITA No. 7622/Del/2017 : Asstt. Year: 2014-15) Harparshad & Company Pvt. Ltd., C/o Escorts Ltd., Corporation Centre, 15/5, Mathura Road, Faridabad, Haryana-121003 Vs. Addl. CIT, Special Range-4, New Delhi (APPELLANT) (RESPONDENT) PAN No. AAACH0131J Assessee by : Sh. Ved Jain, Adv. Revenue by : Sh. Amit Katoch, Sr. DR Date of Hearing: 14.07.2023 Date of Pronouncement: 12.09.2023 ORDER Per Dr. B. R. R. Kumar, Accountant Member: Heard the arguments of both the parties and perused the material available on record. 2. Para 3 starting with “the assessee is........ cannot be said to be excessive or volitional”. **The following sentence is added: **“In view of the above, the ground is allowed.” 3. Para 4 starting with “The issue of allowability.............. In the absence of any change in the material facts and legal proposition, we decline to interfere with the order of the ld. CIT(A). MA No. 148/Del/2023 Harparshad & Company Pvt. Ltd. 2 4. The sentence in bold be read as, the appeal of the assessee is allowed. 5. In the result, the Miscellaneous Application of the assessee is allowed. Order Pronounced in the Open Court on 12/09/2023. Sd/- Sd/- (C. M. Garg) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 12/09/2023 *Subodh Kumar, Sr. PS* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR