ROTO PLAST, MUMBAI V. INCOME TAX OFFICER 27(3)(2), MUMBAI

ITA 1089/MUM/2018

• Counselvise Citation: [2018] 124 COUNSELVISE.COM (IT) 7307 (ITAT-MUMBAI)
• Duration Of Justice: 7 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-10-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2009-2010
• Appeal Filed On: 23-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S K BEFARI
• Assessee Lawyers: R D KHANNA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES SMC, MUMBAI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER & SHRI PAWAN SINGH, JUDICIAL MEMBER ITA NO.1089/MUM/2018 ASSESSMENT YEAR: 2009-10 ROTO PLAST, 23, CRESENT INDUSTRIAL ESTATE, DABBA FACTORY COMPOUND, KANJURMARG (EAST), MUMBAI 400 042. PAN AAEFR6368N VS. ITO 27 ( 3 )( 2 ) MUMBAI (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI R D KHANNA RESPONDENT BY : SHRI S K BEFARI DATE OF HEARING : 0 1 . 1 0 .201 8 DATE OF PRONOUNCEMENT : 01 . 1 0. 201 8 O R D E R THIS IS AN APPEAL BY THE ASSESSEE DIRECTED AGAINST ORDER OF LEARNED CIT(A)- 25, MUMBAI, DATED 5.12.2017, PERTAINING TO ASSESSME NT YEAR 2009-10. 2. THE GROUNDS OF APPEAL READ AS UNDER: 1. THE LEARNED COMMISSIONER INCOME TAX (APPEAL-25) , CIT(A-25), MUMBAI ORDER DATED 05.12.2017 ERRED IN QUA CONFIRM ATION OF ADDITION OF RS . 1,99,644/- TO THE EXTENT OF 12.5% AGAINST CERTAIN SUSPICIOUS PURCHASES. 3. AT THE OUTSET, IN THIS CASE LEARNED COUNSEL OF T HE ASSESSEE SUBMITTED THAT HE SHALL BE WITHDRAWING THE APPEAL. LEARNED DEPARTMEN TAL REPRESENTATIVE DID NOT HAVE ANY OBJECTION TO THIS PROPOSITION. ITA NO.1089/MUM/2018 ROTO PLAST 2 4. UPON CAREFUL CONSIDERATION, WE HAVE GRANTED PERM ISSION TO WITHDRAW THE APPEAL. ACCORDINGLY, THIS APPEAL IS DISMISSED AS W ITHDRAWN. 5. IN THE RESULT, THIS APPEAL IS DISMISSED AS WITHD RAWN ORDER PRONOUNCED IN THE OPEN COURT ON THIS DAY OF 1 ST OCTOBER, 2018. SD/- SD/- (PAWAN SINGH) (SHAMIM YAHYA) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED : 1 ST OCTOBER, 2018. SA COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE C I T(A), 4. THE C I T 5. THE DR, SMC BENCH BY ORDER //TRUE COPY// (ASSISTANT REGISTRAR) INCOME TAX APPELLATE TRIBUNAL, MUMBAI