M/S Medicaps Ltd., Indore V. THE DCIT 1(1), Indore

ITA 1/IND/2017

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 5172 (ITAT-INDORE)
• Duration Of Justice: 5 year(s) 5 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-06-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2013-2014
• Appeal Filed On: 03-01-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, INDORE BENCH, INDORE (Convened through Virtual Court) BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI BHAGIRATH MAL BIYANI, ACCOUNTANT MEMBER आयकर अपील सं./I. T. A. No. 1/Ind/2017 ( नधा रण वष / As s es s ment Yea r : 2013-14) M/ s . M ed i c ap s Ltd . 20 1, P us hr at a n P ar a d is e , 9/ 5, N e w P al a si a , I nd o re (M . P . ) बनाम/ V s . T h e D C I T 1 (1) I nd or e थायी लेखा सं./जीआइआर सं./P A N / G IR N o . : A A B C M 1 9 0 5 G (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से/Appellant by : V e nus Ra w ka , A . R. यथ क ओर से / Respondent by : Shri Harshit Bari, D.R. स ु नवाई क तार ख / D a t e o f H e a r i ng 08/06/2022 घोषणा क तार ख /D a te o f P r o n o u nc e me n t 21 /06/2022 ORDER PER MAHAVIR PRASAD, JM: T he a pp ea l h as b e e n pr e fe rr ed b y t h e as s e s s ee a g a i ns t t h e or d e r o f t he C o mm i s s io n er o f I nc o m e T a x (A pp e a ls ) -I, I nd o r e (‘ C IT (A )’ i n s h o rt ) v i d e A p pe al N o . I T- 11 78 /2 01 5 - 16 d a t ed 24 . 11. 2 01 6 a r i s in g i n a s s es s me n t o rd e r dat e d 2 9 . 02.2 01 6 pa s s e d by t he A s s es s i ng O ffi c er (A O ) und e r s . 14 3 (3 ) o f t h e Inc o m e T a x A c t , 19 61 (t he A ct ) c on c er n i n g A Y . 2 013 - 1 4. ITA No. 1/Ind/2017 [M/s. Medicap Ltd. Vs. DCIT] A.Y. 2013-14 - 2 - 2. T he c a pt io n e d a s s e s s ee ha s s o u gh t t o w it hd r aw t he a pp e a l l i st e d a b o v e o n th e gro u n d th a t a s s es s e e h a s op t e d t o a v a i l b e n e fi t s o f ‘V i v a d s e V i s hw as S che m e, 2 0 20 ’ ( V S V ). Whe n t he m at t e r w a s c al l e d f or h e a ri n g , t he l e ar ne d c o un s e l fo r t he a s ses s e e a t t h e ou t s e t ha s s u b mi t t ed t ha t he do es not s ee k to pu rs ue t he sa i d ap p ea l o w i n g t o e x e rc i s e o f opt i on fo r a v a i l i n g V S V S c he me a n d co ns eq ue nt ly re q u es t ed t h a t h i s a pp l i ca t i on for w i t hdr aw a l o f a pp e a l m a y pl ea s e be g r a n t e d. Re fe r e nc e w as al s o ma d e t o w r i t t e n r e qu e s t s i n t hi s re g a r d . 3. T he l e a rn e d D e p a rt me n t a l Re pr es e nt at i ve for t he R e v en u e s t at e d t ha t he has no o bj e ct i o n to w it hd ra w t h e a ppe al i n t h e c ir cu ms t a n c e s na rr a t ed o n be h al f o f t h e a s s ess e e. 4. In t h e l i g ht o f w r i t t e n / o r al re que s t m a d e o n be ha l f o f t h e c ap ti on e d a s se s s e e, th e c a p t i on e d a pp e a l i s d is m is se d as w it hd ra w n . H ow e ver , i n t he e v e nt , t h e as s e s s ee fa il s t o a va i l t h e b e n e fi t o f V S V S c he m e fo r an y bo na f id e r ea s o n s, th e n t he a s s es s e e c o n ce r n e d w i l l be at l ib er t y t o s e e k r es t o ra t i o n o f or i g in al a p p eal fo r he a ri ng b e fo r e IT A T i n a cc ord an ce w i t h l aw . 5. In th e re s ul t , t he ca pt i on e d a p p e al i s d i s m is s e d a s w i t hdr a w n. Sd/- Sd/- (BHAGI RATH M AL BI YANI) (MAHAVIR PRASAD) ACCOUNTA NT MEMB ER JUDICIAL MEMBER Indore: Dated 21 /06/2022 S.K.SINHA आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1. राज व / Revenue 2. आवेदक / Assessee This Order pronounced in Open Court on 21 /06/2022 ITA No. 1/Ind/2017 [M/s. Medicap Ltd. Vs. DCIT] A.Y. 2013-14 - 3 - 3. संबं)धत आयकर आय ु +त / Concerned CIT 4. आयकर आय ु +त- अपील / CIT (A) 5. /वभागीय 2त2न)ध, आयकर अपील य अ)धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड8 फाइल / Guard file. By order UE COPY Assistant Registrar Income Tax Appellate Tribunal Indore Bench, Indore 1.Date of dictation on 21.06.2022 As per VSV Format 2.Date on which the typed draft is placed before the Dictating Member 21.06.2022 3.Date on which the approved draft comes to the Sr.P.S./P.S. 4.Date on which the fair order is placed before the Dictating Member for pronouncement 5.Date on which the fair order comes back to the Sr.P.S./P.S 6.Date on which the file goes to the Bench Clerk 7.Date on which the file goes to the Head Clerk 8.The date on which the file goes to the Asstt. Registrar for signature on the order 9.Date of Dispatch of the Order