M/s Galley Financiers & Property Consultants Pvt. Ltd., Patiala V. ITO, W-1, Patiala

ITA 1048/CHANDI/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2190 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 25-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: LAGANPREET SANDHU
• Assessee Lawyers: RISHAB KAPOOR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH, B CHANDIGARH BEFORE SHRI N.K. SAINI, VICE PRESIDENT & SHRI R.L NEGI, JUDICIAL MEMBER ./ ITA NO. 1048/CHD/2019 / ASSESSMENT YEAR : 2010-11 M/S GALLEY FINANCERS & CONSULTANTS PVT LTD, 4154/1, INSIDE SIRHINDI GATE, PATIALA ITO, WARD -1, PATIALA ./PAN NO: AABCG3381J / APPELLANT /RESPONDENT HEARING THROUGH VIDEO CONFERENCING ! /ASSESSEE BY : SHRI RISHAB KAPOOR, ADVOCATE ' ! / REVENUE BY : MS LAGANPREET SANDHU, ADDL. CIT # $ % /DATE OF HEARING : 17.02.2021 &'() % / DATE OF PRONOUNCEMENT : 17.02.2021 / ORDER PER R.L. NEGI, JUDICIAL MEMBER: THE ASSESSEE HAS FILED THE CAPTIONED APPEAL AGAINST THE ORDER DATED 31.05.2019 PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS), PATIALA (FOR SHORT THE CIT(A)], PERTAINING TO THE ASSESSMENT YEAR 2010- 11 VIDE WHICH THE LD. CIT(A) HAS DISMISSED THE APPE AL OF THE ASSESSEE FILED AGAINST THE ASSESSMENT ORDER PASSED U/S 143(3 ) OF THE INCOME TAX ACT, 1961 (FOR SHORT 'THE ACT'). 2. AT THE OUTSET, LD. COUNSEL FOR THE ASSESSEE SUB MITTED THAT THE ASSESSEE HAS OPTED TO SETTLE THE ISSUES IN THE SAID APPEAL UNDER THE PROVISIONS OF VIVAD SE VISHWAS SCHEME 2020. THE L D. COUNSEL 2 FURTHER SUBMITTED THAT AN APPLICATION FOR WITHDRAWA L OF THE SAID APPEAL HAS ALREADY BEEN FILED. HENCE, THE SAME MAY BE ALLOWED AND THE ASSESSEE MAY BE PERMITTED TO WITHDRAW THE SAID APPEAL. 3. THE LD. DEPARTMENTAL REPRESENTATIVE DID NOT OPP OSE THE APPLICATION FILED BY THE ASSESSEE. 4. IN VIEW OF THE SUBMISSIONS MADE BY THE LD. COUN SEL FOR THE ASSESSEE, WE ALLOW THE APPLICATION FILED BY THE ASS ESSEE AND ACCORDINGLY DISMISS THE APPEAL AS WITHDRAWN. ORDER PRONOUNCED ON 17.02.2021. SD/- SD/- ( N.K. SAINI) (R.L.NEGI) / VICE PRESIDENT / JUDICIAL MEMBER DATED : 17.02.2021 .. '+ ,-.- / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. # / / CIT 4. # / ( )/ THE CIT(A) 5. -01 2 , %2 , 34516 / DR, ITAT, CHANDIGARH 6. 157$ / GUARD FILE '+ # / BY ORDER, 8 ' / ASSISTANT REGISTRAR