In a recent ruling, the Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the duplicate income tax appeal filed by the Revenue against Geojit Financial Services Ltd as it was infructuous.
The assessee in this case is Geojit Financial Services Ltd. In this case, the backdrop of the case arose when the Revenue filed an appeal against the ruling of the National Faceless Appeal Centre, Delhi Commissioner of Income Tax (Appeals) [CIT(A)] dated 15.03.2023 for the Assessment Year ( AY ) 2018-19.
Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here
The counsel for the assessee submitted that the present appeal filed by the Revenue is a duplicate one. The counsel submitted that the Revenue has already filed an appeal for the same assessment year under ITA No. 418/Coch/2023, which was heard on 21-08-2024 and is currently pending an order. Due to this, the counsel argued that the current appeal by the Revenue is not maintainable and should be dismissed as infructuous.
The counsel for the appellant was unable to refute the arguments presented by the counsel for the assessee.
After hearing the arguments from both sides and reviewing the evidence on record, the ITAT bench observed that the appeal filed by the Revenue is a duplicate one. The bench held that the appeal was not maintainable and dismissed it as infructuous.
Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here
The Cochin ITAT bench, comprising of Soundararajan K ( Judicial Member ) and Waseem Ahmed ( Accountant Member ), dismissed the appeal filed by the Revenue as it considered it infructuous.
The order was pronounced on 26th September 2024, under Rule 34 of The Income Tax (Appellate Tribunal) Rules, 1963.
The assessee was represented by Smt. Girly Albert Sr. Departmental Representative, and the respondent was represented by Shri Radhesh Bhatt, Chartered Accountant.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
