INCOME TAX OFFICER,WARD- 4(1)(1), AHMEDABAD, AHMEDABAD V. SHREE RAMKRUPA FINANCE PRIVATE LIMITED, AHMEDABAD

ITA 1417/AHD/2024

AI Insights

The case involves appeals by the Income Tax Officer against Shree Ramkrupa Finance Pvt. Ltd. concerning the Assessment Year 2013-14. The appeals were filed against the orders of the Commissioner of Income Tax (Appeals) at the National Faceless Appeal Centre, Delhi. The primary legal development in this case was the assessee's decision to withdraw the appeals following their approval under the Vivad se Vishwas Scheme, 2024, a government initiative aimed at resolving tax disputes. Both parties agreed to the withdrawal, and the tribunal dismissed the appeals accordingly.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 25535 (ITAT-AHMEDABAD)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-03-2025
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2013-2014
• Laws Referred To: Finance (No.2) Act, 2024, Direct Tax Vivad se Vishwas Scheme, 2024
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: BIREN SHAH; GULAB
• Assessee Lawyers: PRATHVI RAJ MEENA
• Section: 92

Judgement Text

" IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.1417&1426/Ahd/2024 (Assessment Year: 2013-14) Income Tax Officer, Ward-4(1)(1), Ahmedabad Vs. Shree Ramkrupa Finance Pvt. Ltd., 52, Shreeji Cloth Market, Sarangpur, Ahmedabad- 380001 [PAN No.AAFCS3591J] (Appellant) .. (Respondent) Appellant by : Shri Biren Shah, A.R. & Shri Gulab Thakor, A.R. Respondent by: Shri Prathvi Raj Meena, CIT-DR & Ms. Neeju Gupta, Sr. D.R. Date of Hearing 13.03.2025 Date of Pronouncement 19.03.2025 O R D E R PER BENCH: These appeals have been filed by the Revenue against the order passed by the Ld. Commissioner of Income Tax(Appeals), (in short “Ld. CIT(A)”), National Faceless Appeal Centre (in short “NFAC”), Delhi vide orders dated 31.05.2024 & 01.06.2024 passed for Assessment Year 2013-14. 2. The Counsel for the assessee submitted before us that the assessee wants to withdraw the present appeal since it has opted to avail benefit of Vivad se Vishwas Scheme, 2024 and in his submission, the assessee has also enclosed copies of Form No. 1 and 2 issued by the Pr. CIT of Income Tax, Ahmedabad, approving the applications filed by the assessee under the Vivad se Vishwas Scheme, 2024. The Counsel for the assessee submitted before us ITA Nos. 1417&1426/Ahd/2024 ITO vs. Shree Ramkrupa Finance Pvt. Ltd. Asst.Year –2013-14 - 2 – that the assessees do not wish to pursue the present appeal since their application under Vivad se Vishwas Scheme, 2024 has been approved by the Income Tax Department and requested that their applications for withdrawal of appeal may please be accepted. 3. The Ld. Departmental Representative for the Revenue stated that he has no objection to withdraw of the present appeals, in the circumstances narrated on behalf of the assessee. 4. We have considered the application of the assessee for withdrawal of the appeal on the ground that their application has been approved under Vivad se Vishwas Scheme, 2024. A reference has been made in sub-Section (1) of Section 91 of the Finance (No.2) Act, 2024 and sub-Section (1) of Section 92 of the Finance (No.2) Act, 2024 of Direct Tax Vivad se Vishwas Scheme, 2024 for the purpose of withdrawal of appeal. In the light of the provisions made in the Scheme and after considering the material on record, the aforesaid request for withdrawal of appeal of the assessee to avail the VSV Scheme, 2024 is hereby allowed. 5. In the result, the captioned appeals filed by the Department are dismissed as withdrawn. This Order pronounced in Open Court on 19/03/2025 Sd/- Sd/- (MAKARAND V. MAHADEOKAR) (SIDDHARTHA NAUTIYAL) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 19/03/2025 TANMAY, Sr. PS TRUE COPY ITA Nos. 1417&1426/Ahd/2024 ITO vs. Shree Ramkrupa Finance Pvt. Ltd. Asst.Year –2013-14 - 3 – आदेश की Ůितिलिप अŤेिषत/Copy of the Order forwarded to : 1. अपीलाथŎ / The Appellant 2. ŮȑथŎ / The Respondent. 3. संबंिधत आयकर आयुƅ / Concerned CIT 4. आयकर आयुƅ(अपील) / The CIT(A)- 5. िवभागीय Ůितिनिध, आयकर अपीलीय अिधकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाडŊ फाईल / Guard file. आदेशानुसार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt.Registrar) आयकर अपीलीय अिधकरण, अहमदाबाद / ITAT, Ahmedabad 1. Date of dictation 13.03.2025 2. Date on which the typed draft is placed before the Dictating Member 13.03.2025 3. Other Member………………… 4. Date on which the approved draft comes to the Sr.P.S./P.S .03.2025 5. Date on which the fair order is placed before the Dictating Member for pronouncement 19.03.2025 6. Date on which the fair order comes back to the Sr.P.S./P.S 19.03.2025 7. Date on which the file goes to the Bench Clerk 19.03.2025 8. Date on which the file goes to the Head Clerk…………………………………... 9. The date on which the file goes to the Assistant Registrar for signature on the order…………………….. 10. Date of Despatch of the Order…………………………………… "