M/s Rajaram Rajendra Bhandari & Party (Ajmer Group) v. ACIT, Circle-5, Jaipur
[Citation -2016-LL-1021-156]
| Citation | 2016-LL-1021-156 |
|---|---|
| Appellant Name | M/s Rajaram Rajendra Bhandari & Party (Ajmer Group) |
| Respondent Name | ACIT, Circle-5, Jaipur |
| Court | ITAT-Jaipur |
| Relevant Act | Income-tax |
| Date of Order | 21/10/2016 |
| Assessment Year | 2001-02 |
| Judgment | View Judgment |
| Keyword Tags | excise department • mistake apparent |
| Bot Summary: | Petition has been filed against the order of the Tribunal in ITA No. 592/JP/2004 and ITA No. 767/JP/2004 dated 14.07.2015. In its petition, the assessee has submitted that no findings has been given on the following grounds of appeal raised by the assessee in its appeal: That on the facts and in the circumstances of the case, the ld. IT(A)-II, Jaipur has erred in law in sustaining trading addition of Rs. 2,60,00,000/- against loss of Rs. 2,92,30,610/- suffered by the assesee mainly for the reason of high payment of high short licence to the Excise department MA No. 94/JP/2004 M/s Rajaram Rajendra Bhandari vs. ACIT, Circle-5, Jaipur 2. The assessee is accordingly submitted that the above mistake apparent from the record may please be rectified u/s 254(2) of the IT Act, 1961 2.1 The ld. DR has submitted that the appeal of the assesee against the impunged order of the Tribunal has since been dismissed by the Hon ble Rajasthan High Court and in light of that, the subject petition of the applicant should not be entertained. 2.2 As the appeal against the order of the Tribunal sought to be rectified has been dismissed by the Hon ble Rajasthan High Court, we do not see any merit in the present application. |