Polaris Consulting & Services Limited, CHENNAI V. DCIT, CHENNAI

MA 71/CHNY/2017

• Counselvise Citation: [2018] 124 COUNSELVISE.COM (IT) 6053 (ITAT-CHENNAI)
• Duration Of Justice: 11 month(s) 1 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 02-01-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 23-06-2017
• Assessment Year: 2007-2008
• Appeal Filed On: 31-01-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B SAGADEVAN
• Assessee Lawyers: AKHIL SURESH
• Keywords: Transfer pricing

Judgement Text

, , IN THE INCOME - TAX APPELLATE TRIBUNAL D BENCH, CHENNAI . , . , BEFORE SHRI ABRAHAM P. GEORGE , ACCOUNTANT MEMBER & SHRI DUVVURU R L REDDY , JUDICIAL MEMBER M .P.NO. 7 1 /MDS/2017 [IN I.T.A.NO. 447 /MDS/201 6 ] / ASSESSMENT YEAR :20 07 - 08 M/S. POLARIS CONSULTING & SERVICES LTD., [FORMERLY KNOWN AS POLARIS FINANCIAL TECHNOLOGY LTD.], NO. 244, POLARIS HOUSE, ANNA SALAI, CHENNAI 600 006. [PAN: AAACP4341E] VS. THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 5(2), CHENNAI 600 034. ( / APPELLANT ) ( / RESPONDENT ) / APPELLANT BY : SHRI AKHIL SURESH, ADVOCATE / RE SPONDENT BY : SHRI B. SAGADEVAN , J CIT / DATE OF HEARING : 22 . 12 .201 7 / DATE OF P RONOUNCEMENT : 02 . 0 1 .201 8 / O R D E R PER DUVVURU RL REDDY , JUDICIAL MEMBER : BY MEANS OF PRESENT MISCELLANEOUS PETITION, T HE ASSESSEE SEEKS TO RECTIFY THE ORDER PASSED BY THE TRIBUNAL IN I.T.A. NO. 447/MDS/2016 DATED 02.01.2017 FOR THE ASSESSMENT YEAR 2007 - 08. 2. WHEN THE MISCELLANEOUS PETITION WAS TAKEN UP FOR HEARING, BY FILING LETTER DATED 22.12.2017, THE LD. COUNSEL FO R THE ASSESSEE HAS SOUGHT FOR PERMISSION TO WITHDRAW THE PETITION FILED BY THE ASSESSEE , SINCE THE TPO, M .P. NO . 7 1 /M/ 1 7 2 BASED ON THE ORDER OF THE TRIBUNAL DATED 02.01.2017, HAS PASSED A GIVING EFFECT ORDER ON 30.05.2017 DELETING THE TRANSFER PRICING ADDITIONS. T HE LD. DR DID NOT OBJECT TO THE ABOVE SUBMISSIONS OF THE LD. COUNSEL . 3. IN VIEW OF THE ABOVE SUBMISSIONS OF THE LD. COUNSEL FOR THE ASSESSEE AND THERE BEING NO OBJECTION RAISED BY THE LD. DR, THE MISCELLANEOUS PETITION FILED BY THE ASSESSEE IS DISMISSE D AS WITHDRAWN. 4. IN THE RESULT, THE MP FILED BY THE ASSESSEE IS DISMISSED . ORDER PRONOUNCED ON THE 2 ND JANUARY, 201 8 AT CHENNAI. SD/ - SD/ - ( ABRAHAM P. GEORGE ) ACCOUNTANT MEMBER ( DUVVURU RL REDDY ) JUDICIAL MEMBER CHENNAI, DATED, THE 02.01. 201 8 VM / - / COPY TO: 1. / APPELLANT , 2. / RESPONDENT , 3. ( ) / CIT(A) , 4. / CIT , 5. / DR & 6. / GF.