M/S.GAC SHIPPING (INDIA) PVT. LTD V. THE COMMISSIONER OF INCOME TAX

ITA/170/2016

AI Insights

The case involves M/S GAC Shipping (India) Pvt. Ltd., the appellant, who filed appeals against the common order of the I.T.A. Tribunal, Cochin Bench, dated 06-03-2015, concerning the assessment year 2006-07. The appeals were heard by the High Court of Kerala at Ernakulam. The appellant sought the court's permission to withdraw the appeals, intending to avail benefits under the 'Vivad Se Vishwas' scheme, which is a government initiative aimed at resolving pending tax disputes. The court, after hearing the arguments, permitted the withdrawal of the appeals and dismissed them accordingly.

• Counselvise Citation: [2021] 140 COUNSELVISE.COM (IT) 764448 (HC-KERALA)
• Appeal Type: Others
• Pronouncement Date: 17-02-2021
• Assessment Year: misc
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: P K R MENON; JOSE JOSEPH
• Assessee Lawyers: T M SREEDHARAN; DIVYA RAVINDRAN; V P NARAYANAN
• Keywords: Income tax appeal; Vivad Se Vishwas Scheme

Judgement Text

"IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS WEDNESDAY, THE 17TH DAY OF FEBRUARY 2021 / 28TH MAGHA,1942 ITA.No.168 OF 2016 AGAINST THE COMMON ORDER OF I.T.A.TRIBUNAL, COCHIN BENCH, COCHIN DATED 06-03-2015 IN ITA 804/COCH/2013 – ASST. YEAR 2006-07 APPELLANT/ APPELLANT/ ASSESSEE :- M/S.GAC SHIPPING (INDIA) PVT. LTD., GAC HOUSE, P.O.BOX NO.515, SUBRAMANIAN ROAD, WILLINGDON ISLAND, KOCHI - 682 003 REP. BY THE DIRECTOR, DR.ROY MATHEWS BY ADVS. SRI.T.M.SREEDHARAN (SR.) SMT.DIVYA RAVINDRAN SRI.V.P.NARAYANAN RESPONDENT/ RESPONDENT/ REVENUE : THE COMMISSIONER OF INCOME TAX, CENTRAL REVENUE BUILDING, I.S PRESS ROAD, KOCHI- 682 018 R1 BY ADV. SRI.P.K.R.MENON, SR.COUNSEL GOI TAXES R1 BY SRI.JOSE JOSEPH, SC, FOR INCOME TAX THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 17.02.2021, ALONG WITH ITA.169/2016, ITA.170/2016, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: [ ITA.168/2016, ITA.169/2016 & ITA.170/2016 ] 2 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS WEDNESDAY, THE 17TH DAY OF FEBRUARY 2021 / 28TH MAGHA,1942 ITA.No.169 OF 2016 AGAINST THE COMMON ORDER OF I.T.A.TRIBUNAL, COCHIN BENCH, COCHIN DATED 06-03-2015 IN ITA 803/COCH/2013 – ASST. YEAR 2006-07 APPELLANT/ APPELLANT/ ASSESSEE :- M/S.GAC SHIPPING (INDIA) PVT. LTD GAC HOUSE, P.O.BOX NO.515, SUBRAMANIAN ROAD, WILLINGDON ISLAND, KOCHI – 682 003 REP.BY THE DIRECTOR, DR. ROY MATHEWS BY ADVS. SRI.T.M.SREEDHARAN (SR.) SMT.DIVYA RAVINDRAN SRI.V.P.NARAYANAN RESPONDENT/ RESPONDENT/ REVENUE : THE COMMISSIONER OF INCOME TAX CENTRAL REVENUE BUILDING, I.S.PRESS ROAD, KOCHI – 682 018 R1 BY ADV. SRI.P.K.R.MENON, SR.COUNSEL GOI TAXES R1 BY SRI.JOSE JOSEPH, SC, FOR INCOME TAX THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 17.02.2021, ALONG WITH ITA.168/2016, ITA.170/2016, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: [ ITA.168/2016, ITA.169/2016 & ITA.170/2016 ] 3 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS WEDNESDAY, THE 17TH DAY OF FEBRUARY 2021 / 28TH MAGHA,1942 ITA.No.170 OF 2016 AGAINST THE COMMON ORDER OF I.T.A.TRIBUNAL, COCHIN BENCH, COCHIN DATED 06-03-2015 IN ITA 317/COCH/2014 – ASST. YEAR 2006-07 APPELLANT/ APPELLANT/ ASSESSEE :- M/S.GAC SHIPPING (INDIA) PVT. LTD GAC HOUSE, P.O.BOX NO.515, SUBRAMANIAN ROAD, WILLINGDON ISLAND, KOCHI – 682 003, REPRESENTED BY THE DIRECTOR, DR.ROY MATHEWS BY ADVS. SRI.T.M.SREEDHARAN (SR.) SMT.DIVYA RAVINDRAN SRI.V.P.NARAYANAN RESPONDENT/ RESPONDENT/ REVENUE : THE COMMISSIONER OF INCOME TAX, CENTRAL REVENUE BUILDING, I.S.PRESS ROAD, KOCHI – 682 018 R1 BY ADV. SRI.P.K.R.MENON, SR.COUNSEL, GOI TAXES R1 BY SRI.JOSE JOSEPH, SC, FOR INCOME TAX THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 17.02.2021, ALONG WITH ITA.168/2016, ITA.169/2016, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: [ ITA.168/2016, ITA.169/2016 & ITA.170/2016 ] 4 JUDGMENT Dated this the 17th day of February 2021 S.V.Bhatti, J. Learned counsel V.P .Narayanan appearing for the appellant, seeks liberty of the Court to withdraw the appeals without prejudice to the rights of the assessee to avail the benefit under 'Vivad Se Vishwas' scheme. Appellant is permitted to withdraw the appeals by granting the liberty as prayed for. The instant appeals are dismissed accordingly. Sd/- S.V.BHATTI, JUDGE Sd/- BECHU KURIAN THOMAS, JUDGE RKM "