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Income Tax Appellate Tribunal, DELHI BENCHES : “F” NEW DELHI
Before: SHRI J.SUDHAKAR REDDY, A.M. & SMT. SUCHITRA KAMBLE, JM
PER J.SUDHAKAR REDDY, ACCOUNTANT MEMBER
This appeal is filed by the Revenue and is directed against the order of the Ld.CIT(Appeals)-XXVI, New Delhi dt. 8th June, 2011 pertaining to the Assessment Year (AY) 2006-07.
The Cross Objection is filed by the assessee.
After hearing rival contentions, we find that the Hon’ble Income Tax Settlement Commission (hereinafter referred to as ‘ITSC’) has, for the various Assessment Years, including for the A.Y. 2006-07, passed an order u/s 245D(4) of the Income Tax Act, 1961 (the Act) on 31.3.2015, the A.O.
Cross Objection No.358/Del/11(In ITA 4218/Del/11) Sh. Puneet Dalmia, A.Y. 2006-07 has given effect to the order of the ITSC, vide his order dt. 21.8.2015. Under the circumstances, the Ld.Counsel for the assessee Shri RM Mehta submitted that, the departmental appeal as well as the Cross Objection filed become infructuous. The Ld.D.R. Shri Vikram Sahai could not controvert these submissions.
In view of the above facts, we dismiss both the appeal of the Revenue as well as the Cross Objection of the assessee as ‘infructuous’.
In the result Revenue’s appeal as well as assessee’s C.O. are dismissed. Order pronounced in the Open Court on 29th October, 2015.
Sd/- Sd/- (SUCHITRA KAMBLE) (J. SUDHAKAR REDDY) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: the 29th October, 2015 *manga
Cross Objection No.358/Del/11(In ITA 4218/Del/11) Sh. Puneet Dalmia, A.Y. 2006-07 Copy of the Order forwarded to: