Nirma Credit & Capital Pvt.Ltd.,, Ahmedabad v. The DY.CIT.,Circle-5,, Ahmedabad

ITA 1420/AHD/2010 | 2005-2006
Pronouncement Date: 06-08-2010 | Result: Dismissed

Appeal Details

RSA Number 142020514 RSA 2010
Assessee PAN AAACN5351J
Bench Ahmedabad
Appeal Number ITA 1420/AHD/2010
Duration Of Justice 3 month(s) 2 day(s)
Appellant Nirma Credit & Capital Pvt.Ltd.,, Ahmedabad
Respondent The DY.CIT.,Circle-5,, Ahmedabad
Appeal Type Income Tax Appeal
Pronouncement Date 06-08-2010
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted A
Tribunal Order Date 06-08-2010
Date Of Final Hearing 06-08-2010
Next Hearing Date 06-08-2010
Assessment Year 2005-2006
Appeal Filed On 04-05-2010
Judgment Text
- 1 - IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD BENCH A AHMEDABAD BEFORE S/SHRI BHAVNESH SAINI JM AND D.C.AGRAWAL A M NIRMA CREDIT & CAPITAL (P) LTD. NIRMA HOUSE ASHRAM ROAD AHMEDABAD. PAN :AAACN 5351J VS. DY C.I.T. CIRCLE-5 AHMEDABAD. (APPELLANT) .. (RESPONDENT) ASSESSEE BY :- SHRI S. N. SOPARKAR AR REVENUEBY:- SHRI R. K. DHANESTA DR O R D E R PER D. C. AGRAWAL ACCOUNTANT MEMBER . THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST TH E ORDER OF LD. CIT(A) DATED 19/12/2008 FOR ASST. YEAR 2005-06. 2. THE FOLLOWING GROUNDS HAVE BEEN RAISED IN THIS A PPEAL:- (1) IN LAW AND IN FACTS AND CIRCUMSTANCES OF THE APPELL ANTS CASE THE LD. CIT(A) HAS GROSSLY ERRED IN POINTS OF LAW A ND FACTS. (2) IN LAW AND IN THE FACTS AND CIRCUMSTANCES OF THE AP PELLANTS CASE THE LD. AO HAS GROSSLY ERRED IN CONFIRMING AD DITION OF RS.34 69 677 BEING NOTIONAL INTEREST ON INVESTMENT IN OFCPNS ISSUED BY NIRMA INDUSTRIES LTD. 3. AT THE OUTSET IT MAY BE STATED THAT THE ASSESSEE WANTED TO WITHDRAW THE APPEAL AND HAS NOT PRESSED THE SAME. ACCORDINGL Y THE APPEAL IS DISMISSED AS WITHDRAWN. ITA NO.1420/AHD/2010 ASST. YEAR :2005-06 2 4. IN THE RESULT THE APPEAL IS DISMISSED AS WITHDR AWN. ORDER WAS PRONOUNCED IN OPEN COURT ON 6/8/2010. SD/- SD/- (BHAVNESH SAINI) (D.C.AGRAWAL) JUDICIAL MEMBER ACCOUNTANT MEMBE R AHMEDABAD DATED : 6/8/2010 MAHATA/- COPY OF THE ORDER FORWARDED TO :- 1. THE ASSESSEE. 2. THE REVENUE. 3. THE CIT(APPEALS)- 4. THE CIT CONCERNS. 5. THE DR ITAT AHMEDABAD 6. GUARD FILE. BY ORDER DEPUTY / ASSTT.REGISTRAR ITAT AHMEDABAD