M/S NAYAAB JEWELS, MUMBAI V. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

CO 21/JPR/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 5491 (ITAT-JAIPUR)
• Duration Of Justice: 2 year(s) 26 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 21-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2016-2017
• Appeal Filed On: 26-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHE S,A JAIPUR JH LAANHI XKSLKBZ] U;KF;D LNL; ,OA JH FOE FLAG ;KNO] YS[KK LNL; DS LE{K BEFORE: SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SING H YADAV, AM VK;DJ VIHY LA-@ ITA. NO. 653/JP/2019 FU/KZKJ.K O'K Z@ ASSESSMENT YEARS : 2016-17 THE DCIT, CENTRAL CIRCLE-2, JAIPUR. CUKE VS. M/S NAYAAB JEWELS 114, CTS, NO.-F/898A, NOTAN PLAZA, GURU NANAK ROAD, BANDRA (WEST), MUMBAI. LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN/GIR NO.: AAFFN 8002 J VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT VK;DJ VIHY LA-@ CO. NO. 21/JP/2019 (ARISING OUT OF ITA NO. 653/JP/2019) FU/KZKJ.K O'K Z@ ASSESSMENT YEARS : 2016-17 M/S NAYAAB JEWELS 114, CTS, NO.-F/898A, NOTAN PLAZA, GURU NANAK ROAD, BANDRA (WEST), MUMBAI. CUKE VS. THE DCIT, CENTRAL CIRCLE-2, JAIPUR. LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN/GIR NO.: AAFFN 8002 J VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT JKTLO DH VKSJ LS @ REVENUE BY : SHRI B.K. GUPTA (CIT) FU/KZKFJRH DH VKSJ L S@ ASSESSEE BY : MISS SHIVANGI SAMDHANI (C.A.) A LQUOKBZ DH RKJH[ K@ DATE OF HEARING : 17/09/2021 MN?KKS'K.KK DH RKJH[ K@ DATE OF PRONOUNCEMENT : 21/09/2021 VKNS'K@ ORDER ITA NO. 653 & CO NO. 21/JP/2019 DCIT VS. M/S NAYAAB JEWELS 2 PER: VIKRAM SINGH YADAV, A.M. THIS IS AN APPEAL FILED BY THE REVENUE AND THE CRO SS OBJECTION FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(A)-IV, JAIPUR DATED 28.02.2019 FOR THE ASSESSMENT YEAR 2016-17. 2. THE LD A/R HAS STATED AT THE BAR THAT THE ASSES SEE HAS FILED A PETITION UNDER VIVAD SE VISHWAS SCHEME-2020 TO SE TTLE THE AFORESAID MATTER AND THE SAID PETITION HAS RECENTLY BEEN ACCE PTED AND FORM 3 HAS BEEN ISSUED ON 25.02.2021 BY THE COMPETENT AUTHORIT Y. IT WAS ACCORDINGLY REQUESTED THAT THE APPEAL OF THE DEPART MENT AND CROSS OBJECTION OF THE ASSESSEE BE TREATED AS WITHDRAWN. 3. THE LD. DR IS HEARD WHO DID NOT RAISE ANY SPECI FIC OBJECTION IN ACCEPTING THE SAID PRAYER BY THE ASSESSEE. 4. IN VIEW OF ABOVE, THE PRAYER OF THE ASSESSEE IS ACCEPTED AND THE REVENUES APPEAL AND CROSS OBJECTION BY THE ASSESSE E ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 21/09/2021. SD/- SD/- LANHI XKSLKBZ FOE FLAG ;KNO ( SANDEEP GOSAIN ) (VIKRAM SINGH YADAV) U;KF;D LNL;@ JUDICIAL MEMBER YS[KK LNL;@ ACCOUNTANT MEMBER TK;IQJ@ JAIPUR FNUKAD@ DATED:- 21/09/2021. *SANTOSH VKNS'K DH IZFRFYFI VXZSFKR@ COPY OF THE ORDER FORWARDED TO: 1. VIHYKFKHZ@ THE APPELLANT- DIT, CENTRAL CIRCLE-2, JAIPUR. ITA NO. 653 & CO NO. 21/JP/2019 DCIT VS. M/S NAYAAB JEWELS 3 2. IZR;FKHZ@ THE RESPONDENT- M/S NAYAAB JEWELS, MUMBAI. 3. VK;DJ VK;QDR@ CIT 4. VK;DJ VK;QDR@ CIT(A) 5. FOHKKXH; IZFRFUF/K] VK;DJ VIHYH; VF/KDJ.K] T;IQJ@ DR, ITAT, JAIPUR. 6. XKMZ QKBZY@ GUARD FILE { ITA NO.653/JP/2019 & CO NO. 21/JP/2019} VKNS'KKUQLKJ@ BY ORDER, LGK;D IATHDKJ@ ASST. REGISTRAR