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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

SplendorLandbase Ltd., Splendor Forum, 502-511 Plot No 3, Jasola District Centre,New Delhi vs. ACIT, Circle-3, New Delhi.
March, 15th 2019
            IN THE INCOME TAX APPELLATE TRIBUNAL
                  DELHI BENCH: `G' NEW DELHI

              BEFORE SHRI G.D. AGARWAL, VICE PRESIDENT
                                   &
             SHRI K.NARASIMHA CHARY, JUDICIAL MEMBER

                       Cross Objection No 216 of 2016
                         (In ITA No.2462/Del/2016)
                         Assessment Year: 2011-12

 SplendorLandbase Ltd.,                  vs      ACIT, Circle-3,
 Splendor Forum, 502-511                         New Delhi.
 Plot No 3, Jasola District Centre,New
 Delhi
 PAN: AAECA3986E

                   Applicant by      Shri V.K.Garg, Advocate

                   Revenue by        Sh.S.S.Rana, CIT DR

                       Date of Hearing           14.3.2019
                    Date of Pronouncement        14.3.2019


                               ORDER

Per Shri K. Narasimha Chary, JM:

      This Cross objection by assessee is arising out of order of CIT(A)-23,
New Delhi vide appeal No. 34 & 35/15-16 dated 26.02.2016. Assessment was
framed by ACIT, Central Circle-3, New Delhi u/s. 153A r/w sec 143(3) of the
Income-tax Act, 1961(hereinafter referred to as the "Act") for AY 2011-12 vide
his order dated 31.03.2015.






2.    At the outset, Ld. AR submitted that the assessee may be permitted to not
press this Cross objection, in view of the issues involved in the appeals filed
against the orders of the Ld. CIT(A) for the relevant year. Ld. DR reports no
objections. When the Ld. AR desires to withdraw the Cross objections filed on
                                          2


behalf of the assessee, no useful purpose would be served by insisting its
disposal on merits.

3.    In view of the above and no objection on behalf of the Ld. DR, we
endorse the prayer of assessee and dismiss the appeal of assessee as not pressed.






4.    Appeal of assessee is dismissed as not pressed.

      Order pronounced in the Open Court on 14 th March, 2019.
         Sd/-                                                sd/-
     (G.D. AGARWAL)                                (K. NARASIMHA CHARY)
     VICE PRESIDENT                                JUDICIAL MEMBER

      Dated: 14th March, 2019
      VJ
      Copy forwarded to:
1.    Appellant
2.    Respondent
3.    CIT
4.    CIT(Appeals)
5.    DR: ITAT
                                                            ASSISTANT REGISTRAR
                                                                  ITAT NEW DELHI


Draft dictated on                                      14.3.2019
Draft placed before author                             14.3.2019
Draft proposed & placed before the second member
Draft discussed/approved by Second Member.
Approved Draft comes to the Sr.PS/PS
Kept for pronouncement on
Date of uploading order on the website
File sent to the Bench Clerk
Date on which file goes to the AR
Date on which file goes to the Head Clerk.
Date of dispatch of Order.

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