M/S HANSA ESTATES P LTD (NOW KNOWN AS M/S HANSA VISION INDIA P LTD), CHENNAI V. DCIT COMPANY CIRCLE II(2) NOW NON CORPORATE CIRCLE 2 (2), CHENNAI

ITA 1080/CHNY/2018

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 9148 (ITAT-CHENNAI)
• Duration Of Justice: 3 year(s) 7 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-11-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2007-2008
• Appeal Filed On: 01-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

आयकर अपील सं./ITA No.1080/Chny/2018 िनधा रण वष /Assessment Year: 2007-08 M/s.Hansa Estates P. Ltd., Now known as M/s.Hansa Vision India P. Ltd., No.605, 606, 2 nd Floor, Film Chamber Building, Anna Salai, Chennai-600 006. v. The Dy. Commissioner of Income Tax, Company Circle-II(2), Now Non-Corporate Circle-2(2), Chennai. [PAN: AABCT 3770 E] (अपीलाथ /Appellant) ( यथ /Respondent) अपीलाथ क ओर से/ Appellant by : Mr.S.Sridhar, Adv. यथ क ओर से /Respondent by : Mr.G.Johnson, Addl.CIT सुनवाई क तारीख/Date of Hearing : 03.11.2021 घोषणा क तारीख /Date of Pronouncement : 08.11.2021 आदेश / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: The assessee filed this appeal against the order of the Commissioner of Income Tax (Appeals)-13, Chennai, in ITA No.44/CIT(A)-13/2007-08 dated 15.02.2018 for the AY 2007-08. 2. When this appeal was taken up for hearing, the learned Counsel for the Assessee has submitted that the Assessee has opted to avail the Vivad-se-Vishwas Scheme 2020 and Form No.3 was also issued. It has submitted that it may be permitted to withdraw the appeal. 3. On the other hand, the learned Departmental Representative has not raised any objection to the submissions of the learned Counsel for the Assessee. आयकर अपीलीय अिधकरण, ‘बी’ यायपीठ, चे ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI ी धु ु आर.एल. रे ी, ाियक सद एवं ी जी. मंजूनाथा, , लेखा सद के सम BEFORE SHRI DUVVURU R.L. REDDY, JUDICIAL MEMBER AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ITA No.1080/Chny/2018 :: 2 :: 4. We have heard both the sides, perused the materials available on record and gone through the orders of the authorities below. 5. In this case, the Assessee has opted for the Vivad-se-Vishwas Scheme 2020 and the Designated Authority has issued Form No.3 for the settlement of pending tax dispute. Accordingly, it prayed that it may be permitted to withdraw the appeal. 6. In view of the submissions of the Assessee, the appeal filed by the Assessee is permitted to be withdrawn. However, it is open to the Assessee to approach the Tribunal by filing an appropriate application in the event of any injustice caused to the Assessee in respect of the settlement of dispute relating to the Vivad-se-Vishwas Scheme 2020. 7. In the result, the appeal of the Assessee in ITA No.1080/Chny/2018 is dismissed as withdrawn. Order pronounced on the 08 th day of November, 2021, in Chennai. Sd/- Sd/- (जी. मंजूनाथा) (G. MANJUNATHA) लेखा सद य/ACCOUNTANT MEMBER (धु ु आर.एल. रे ी) (DUVVURU R.L. REDDY) याियक सद य/JUDICIAL MEMBER चे ई/Chennai, दनांक/Dated: 08 th November, 2021. TLN आदेश क ितिलिप अ ेिषत/Copy to: 1. अपीलाथ /Appellant 4. आयकर आयु"/CIT 2. यथ /Respondent 5. िवभागीय ितिनिध/DR 3. आयकर आयु" (अपील)/CIT(A) 6. गाड फाईल/GF