ARYSTA LIFESCIENCE INDIA LTD., MUMBAI V. ITO - WARD- 6 (1), New Delhi

ITA 1141/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3651 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 28-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BRAJENDRA KUMAR LD
• Assessee Lawyers: SAISUDHA MULTANILD
• Section: 143(3); 144C

Judgement Text

ITA NO.1141/MUM/2019 ARYSTA LIFESCIENCE INDIA LIMITED ASSESSMENT YEAR: 2012-13 1 IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.1141/MUM/2019 ( / ASSESSMENT YEAR : 2012-13) ARYSTA LIFE S CIENCE INDIA LIMITED (SUCCESSOR ENTITY TO CHEMTURA CHEMICALS INDIA PRIVATE LIMITED) 703-ARYSTA: 301 A WING 3 RD FLOOR, KANAKIA ZILLION CST ROAD & LBS MARG KURLA (W), MUMBAI-400 070 / VS. D CIT - 3(1)(1) MUMBAI. *+ ./ ./PAN/GIR NO. AAACD-0557-C/ ( +- /APPELLANT ) : ( ./+- / RESPONDENT ) ASSESSEE BY : MS. SAISUDHA MULTANI-LD. AR R EVENUE BY : SHRI BRAJENDRA KUMAR-LD.DR / DATE OF HEARING : 24/02/2021 / DATE OF PRONOUNCEMENT : 03/03/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2012-13, CONTESTS THE ORDER OF LEARNED FIRST APPELLATE AUTHO RITY ON CERTAIN GROUNDS OF APPEAL. THE ASSESSMENT WAS FRAMED BY LD. ASSESSING OFFICER U/S 143(3) R.W.S. 144C ON 29/04/2016. ITA NO.1141/MUM/2019 ARYSTA LIFESCIENCE INDIA LIMITED ASSESSMENT YEAR: 2012-13 2 2. THE LD. COUNSEL FOR ASSESSEE, AT THE OUTSET, SUB MITTED THAT THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUT E UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 FOR THE YEAR UNDER CONSIDERATION AND THEREFORE, THE APPEAL MAY BE TREA TED AS WITHDRAWN. A LETTER TO THAT EFFECT HAS BEEN PLACED ON RECORD. TH E LD. DR DID NOT OBJECT TO THE SAME. 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF T HE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED 03 RD MARCH, 2021 SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 03/03/2021 SR.PS, JAISY VARGHESE !'! / COPY OF THE ORDER FORWARDED TO : 1. +- / THE APPELLANT 2. ./+- / THE RESPONDENT 3. 6 ( ) / THE CIT(A) 4. 6 / CIT CONCERNED 5. 78.19 , 9 , / DR, ITAT, MUMBAI 6. 8:;< / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.