The ITO, Ward-2(1)(3), Ahmedabad V. Hope Enterpreneurs Pvt. Ltd., Ahmedabad

CO 5/AHD/2018

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 4604 (ITAT-AHMEDABAD)
• Duration Of Justice: 4 year(s) 1 month(s) 5 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 26-04-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 21-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: V.K. SINGH
• Section: 43

Judgement Text

आयकर अपील य अ धकरण, अहमदाबाद यायपीठ ‘C’ अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER & MS. MADHUMITA ROY, JUDICIAL MEMBER S . N o . A p p e a l A . Y . A p p e l l a n t ( P A N N O . ) R e s p o n d e n t 1 . I T A N o . 3 4 3 / A h d / 2 0 1 8 2 0 1 4 - 1 5 H o p e E n t e r p r e n e u r s P v t . L t d . , C - 9 , B h a v n a F l a t s , N a r a y a n N a g a r R o a d , P a l d i a h m e d a b a d ( A A D C H 0 0 2 6 M ) I T O W a r d - 2 ( 1 ) ( 3 ) , A h m e d a b a d 2 . C . O . N o . 0 5 / A h d / 2 0 1 8 2 0 1 4 - 1 5 I T O W a r d - 2 ( 1 ) ( 3 ) , A h m e d a b a d M / s . H o p e E n t e r p r e n e u r s P v t . L t d . , C - 9 , B h a v a n a F l a t s , N a r a y a n N a g a r R o a d , P a l d i , A h m e d a b a d ( P A N : A A D C H 0 0 2 6 M ) Appellant by : Withdrawal Application Respondent by : Shri V. K. Singh, Sr. DR स ु नवाई क तार ख / D a t e o f H e a r i n g 26/04/2022 घोषणा क तार ख /D a t e o f P r o n o u n c e m e n t 27/04/2022 आदेश/O R D E R PER MADHUMITA ROY, JM: Th e cap tio n ed ap p eal h as b een filed at th e in s tan ce o f th e assesse e an d th e Cro ss Ob ject io n h as b een fi led b y t h e Rev en u e ag ain st th e o rd er of th e Co mmissio n e r o f In co me Tax (Ap p eals)-2 , Ah med ab ad (‘CIT(A)’ in sh o rt), d ate d 0 6 .1 2 .20 17 arisi n g in th e assess men t o rd er d ated 2 1 .1 1 .2 0 16 p assed b y th e IT O, Ward - 2 (1 )(3 ), Ah med ab ad un d er Sectio n 1 43 (3 ) o f th e In come Tax Act, 1 9 61 (th e Act) co n cern in g AY 2 0 14 -15 . 2 . Wh en th e mat ter was cal led fo r h ea rin g , it is p oin ted o u t to th e Ben ch th at th e assesse e h as fi led d eclara tio n an d u n d ertak in g I T A N o . 3 4 3 / A h d / 2 0 1 8 & C . O . 0 5 / A / 1 8 A . Y . 2 0 1 4 - 1 5 - 2 - in Fo rm No . 5 as p er p ro v isio n s of th e Dire ct Tax Viv ad Se Vish was Act, 2 0 2 0 fo r av a il men t o f t h e b en efi t u n d er th e sch e me. In v iew o f th is, t h e Ld . Co un sel fo r th e assessee su b mi t ted th at assesse e d o es n o t wan t to p u rsu e th e said ap p eal o win g to ex ercise o f o p tio n fo r av a il in g VSV Sch eme an d it h as co mp lie d with th e req u isite fo rma l it i es, an d so u gh t p ermiss io n fo r with d rawal o f ap p eal b efo re th e Trib u n al. Th e Ld . Co u n sel h as p laced o n reco rd co p y o f Fo rm No . 5 . 3 . Th e Ld . Dep artme n tal Rep res en ta tiv e fo r th e Rev en u e sta ted th at h e h as n o o b ject io n to with d raw th e ap p eals in th e circu ms tan ce s n arr ated o n b eh al f o f t h e assess ee. 4 . In th e lig h t o f written req u ests mad e o n b eh alf o f th e cap tio n ed p arty , th e ap p eal is d is miss ed as with d rawn . Ho wev er, in th e ev en t, th e as sessee fai ls to av ai l th e b en efi t o f VSV Sch eme fo r an y b o n afid e reaso n s, th en th e a ssessee co n cerned will b e at lib erty to seek res to ratio n o f o rig in a l ap p eal fo r h eari n g b efo re ITAT in acco rd an c e wi th law. 5 . Cro ss Ob jectio n is fo u n d to b e n o t ma in ta in ab le d u e t o lo w tax effe ct fac t o f wh ich h as also accep ted b y th e Ld . D.R. Hen ce, th e C .O. is also d is mi ssed . 6 . In th e co mb in ed resu lt, th e cap t io n ed ap p eal is d is mi sse d as with d rawn an d th e C.O. is also d is mis sed . Sd/- Sd/- ( WAS EEM AHMED) (M ADHUM ITA R OY) ACC OUNTANT MEMB ER JUDICI AL MEMB ER A h m e d a b a d : D a t e d 2 7 / 0 4 / 2 0 2 2 TRUE COPY TANMAY This Order pronounced on 27/04/2022 I T A N o . 3 4 3 / A h d / 2 0 1 8 & C . O . 0 5 / A / 1 8 A . Y . 2 0 1 4 - 1 5 - 3 - आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1. राज व / Revenue 2. आवेदक / Assessee 3. संबं धत आयकर आय ु "त / Concerned CIT. आयकर आय ु "त- अपील / CIT (A) 5. )वभागीय ,-त-न ध, आयकर अपील य अ धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड3 फाइल / Guard file. By order/आदेश से, उप/सहायक पंजीकार आयकर अपील य अ धकरण, अहमदाबाद । 1 . D a t e o f d i c t a t i o n o n 2 6 . 0 4 . 2 0 2 2 A s p e r V S V A Fo r m a t 2 . D a t e o n w h i c h t h e t y p e d d r a f t i s p l a c e d b e f o r e t he D i c t a t i n g M e m b e r 2 6 . 0 4 . 2 0 2 2 3 . D a t e o n w h i c h t h e a p p r o v e d d r a f t c o m e s t o t h e S r .P . S . / P . S . . 0 4 . 2 0 2 2 4 . D a t e o n w h i c h t h e f a i r o r d e r i s p l a c e d b e f o r e t h e D i c t a t i n g M e m b e r f o r p r o n o u n c e m e n t . 0 4 . 2 0 2 2 5 . D a t e o n w h i c h t h e f a i r o r d e r c o m e s b a c k t o t h e S r. P . S . / P . S 2 7 . 0 4 . 2 0 2 2 6 . D a t e o n w h i c h t h e f i l e g o e s t o t h e B e n c h C l e r k 2 7 . 0 4 . 2 0 2 2 7 . D a t e o n w h i c h t h e f i l e g o e s t o t h e H e a d C l e r k ... ... ... .... 8 . T h e d a t e o n w h i c h t h e f i l e g o e s t o t h e A s s t t . R e gi s t r a r f o r s i g n a t u r e o n t h e o r d e r ... ... ... ... ... ... ... ... 9 . D a t e o f D e s p a t c h o f t h e O r d e r ... ... ...