ACIT, GURGAON vs. M/S DANONE (INDIA) PVT. LTD.,, GURGAON
In the result, the appeal filed by the Revenue is dismissed
ITA 3433/DEL/2016[2009-10]Status: DisposedITAT Delhi30 Oct 2019AY 2009-10
Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2009-10 Acit, Vs Danone (India) Pvt. Ltd., Circle 1(1), Building No.8, Tower-C, 11Th Floor, Dlf Cyber City, Gurgaon. Dlf Phase Ii, Gurgaon. Pan: Aaacd5049B (Appellant) (Respondent) Assessee By : Shri S.K. Aggarwal, Ca Revenue By : Ms Nidhi Srivastava, Cit, Dr Date Of Hearing : 21.08.2019 Date Of Pronouncement : 30.10.2019 Order Per R.K. Panda, Am: This Appeal Filed By The Revenue Is Directed Against The Order Dated 31St March, 2016 Of The Cit(A)-1, Gurgaon, Relating To Assessment Year 2009-10. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Company Engaged In The Business Of Providing Technological & Personnel Support To Food Processing & Dairy Industry. It Filed Its Return Of Income On 24Th September, 2008, Declaring The Total Income At Nil, After Claiming Losses. The Assessing Officer, During The Course Of Assessment Proceedings, Observed That The Assessee Company Has Declared A Business Loss Of Rs8,79,74,695/-. On Verification Of The Profit & Loss Account, He Noted That No Commercial/Business Activities Were Carried Out By The Assessee
For Appellant: Shri S.K. Aggarwal, CAFor Respondent: Ms Nidhi Srivastava, CIT, DR
Section 10(34)
…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : B : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER Assessment Year: 2009-10 ACIT, Vs Danone (India) Pvt. Ltd., Circle 1(1), Building No.8, Tower-C, 11th Floor, DLF Cyber City, Gurgaon. DLF Phase II, Gurgaon. PAN: AAACD5049B (Appellant) (Respondent) Assessee by : Shri S.K. Aggarwal, CA Revenue by : Ms Nidhi Srivastava, CIT, DR Date of Hearing : 21.08.2019 Date of Pronouncement : 30.10.2019 ORDER PER R.K. PANDA, AM: This appeal filed by the Revenue is directed against the order dated 31st March, 2016 of the CIT(A)-1, G…