SAGAR HOLDINGS AND INVESTMENT PVT LTD., MUMBAI V. ITO 14(3)93), MUMBAI

ITA 1119/MUM/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4989 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2013-2014
• Appeal Filed On: 12-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SMITA VERMA
• Section: 13

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH SMC, MUMBAI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER . 1119 / /20 20 (. . 2013-14 ) ITA NO.1119/MUM/2020 (A.Y.2013-14) SAGAR HOLDINGS AND INVESTMENTS PVT. LTD. PLOT NO. 477, FLAT NO. 501, ABHYUDAYA CO-OPERATIVE SOCIETY, 13 TH ROAD, CHEMBUR, MUMBAI-400073. PAN: AADCS4270N ...... / APPELLANT VS. ITO 14(3)(3) 453, 4 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020. ..... / RESPONDENT / APPELLANT BY : NONE / RESPONDENT BY : MS. SMITA VERMA / DATE OF HEARING : 07/09/2021 / DATE OF PRONOUNCEMENT : 07/09/2021 / ORDER PER VIKAS AWASTHY, J.M: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-22, MUMBAI [HEREINAFTER REFERRED TO AS THE CIT(A)] DATED 29/11/2019 FOR THE ASSESSMENT YEAR 2013-14. 2. A COMMUNICATION DATED 06/09/2021 HAS BEEN RECEIVED FROM THE COUNSEL OF ASSESSEE STATING THAT THE ASSESSEE HAS OPTED FOR VIWAD SE VISHWAS SCHEME, 2020 (IN SHORT VSVS) AND FORM -3 HAS BEEN RECEIVED AND TAX HAS BEEN PAID. 2 . 1119 / /20 20 (. .2013-14 ) ITA NO.1119/MUM/2020 (A.Y.2013-14) 3. MS. SMITA VERMA REPRESENTING THE DEPARTMENT STATED THAT THE DEPARTMENT HAS NO OBJECTION IF THE ASSESSEE WANTS TO AVAIL THE BENEFIT OF VSVS. 4. A PERUSAL OF ABOVE LETTER SHOWS THAT THE ASSESSEES DECLARATION UNDER VSVS FOR THE IMPUGNED ASSESSMENT YEAR HAS BEEN ACCEPTED AND THE DESIGNATED AUTHORITY HAS ISSUED FORM-3. IN VIEW OF ABOVE, THE APPEAL BY ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON TUESDAY , THE 7 TH DAY OF SEPTEMBER, 2021. SD/- (VIKAS AWASTHY) / JUDICIAL MEMBER / MUMBAI, / DATED: 07/09/2021 SK, PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT , 2. / THE RESPONDENT. 3. ( )/ THE CIT(A)- 4. CIT 5. , . . . , / DR, ITAT, MUMBAI 6. [ / GUARD FILE. BY ORDER, //TRUE COPY// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI