AKM ENTERPARISES PRIVATE LIMITED , MUMBAI V. INCOME TAX OFFICER 5(1)(1), MUMBAI

ITA 1150/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3667 (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: 2005-2006
• Appeal Filed On: 28-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BRAJENDRA KUMAR LD

Judgement Text

ITA NO.1150/MUM/2019 AKM ENTERPRISES PRIVATE LTD. ASSESSMENT YEAR: 2005-06 1 IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI , , BEFORE HONBLE SHRI SAKTIJIT DEY, JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.1150/MUM/2019 ( / ASSESSMENT YEAR : 2005-06) AKM ENTERPRISES PRIVATE LTD. C/O., S.K. LOONKAR & CO. 304, KAKAD CHAMBERS 132, DR. ANNIE BESANT ROAD WORLI, MUMBAI-400 018 / VS. INCOME T AX OFFICER - 5(1)( 1 ) AAYKAR BHAVAN MUMBAI-400 020 ,- ! ./ ! ./PAN/GIR NO. AACCR-0002-J ( -/ /APPELLANT ) : ( 01-/ / RESPONDENT ) ASSESSEE BY : LETTER DATED 18/11/2020 REVENUE BY : SHRI BRAJENDRA KUMAR -LD.DR / DATE OF HEARING : 25/02/2021 / DATE OF PRONOUNCEMENT : 03/03/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2005-06, CONTESTS THE ORDER OF LEARNED FIRST APPELLATE AUTHO RITY QUA CONFIRMATION OF PENALTY U/S 271(1)(C). 2. THOUGH NONE APPEARED FOR ASSESSEE BUT LD. DR, DR AWING ATTENTION TO ASSESSEES LETTER DATED 18/11/2020, POINTED OUT THAT THE ASSESSEE IS ITA NO.1150/MUM/2019 AKM ENTERPRISES PRIVATE LTD. ASSESSMENT YEAR: 2005-06 2 ALREADY CONTEMPLATING SETTLING THE DISPUTE UNDER DI RECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 AND THEREFORE, THE APPEAL MAY BE DISMISSED. 3. IN VIEW OF THE FOREGOING, WE FIND NO FRUITFUL PU RPOSE TO KEEP THE APPEAL PENDING AND HENCE, INCLINED TO DISMISS THE A PPEAL WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF THIS APPEAL IN C ASE THE DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVE R REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 03 RD MARCH, 2021 SD/- SD/ - (SAKTIJIT DEY) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 03/03/2021 SR.PS, JAISY VARGHESE !'! / COPY OF THE ORDER FORWARDED TO : 1. -/ / THE APPELLANT 2. 01-/ / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. 7 809 , 9 , / DR, ITAT, MUMBAI 6. 8 :;< / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.