M/s Punjab Alkalies & Chemicals Ltd., Chandigarh V. ACIT, Chandigarh

ITA 1207/CHANDI/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 1605 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 5 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Chandigarh
• Assessment Year: 2015-2016
• Appeal Filed On: 06-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ASHOK KHANNA
• Assessee Lawyers: VINEEET KRISHAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH B, CHANDIGARH (VIRTUAL COURT) BEFORE: SHRI. N.K.SAINI, VICE PRESIDENT AND SHRI R.L. NEGI, JUDICIAL MEMBER ITA NO. 1207/CHD/2019 ASSESSMENT YEAR : 2015-16 M/S PUNJAB ALKALIES & CHEMICALS LTD. SCO 125-127, SECTOR 17-B CHANDIGARH THE ACIT CIRCLE 2(1), ROOM NO. 414, 4 TH FLOOR, AAYAKAR BHAWAN, SECTOR 17-E, CHANDIGARH ./ PAN NO. AAACP9915E / APPELLANT / RESPONDENT / ASSESSEE BY : SHRI VINEEET KRISHAN, ADVOCATE / REVENUE BY : SHRI ASHOK KHANNA, ADDL. CIT ! ' # / DATE OF HEARING : 16/02/2021 $%&'() # / DATE OF PRONOUNCEMENT : 16/02/2021 / ORDER PER N.K. SAINI, VICE PRESIDENT: THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORD ER OF THE LD. CIT(A)-1, CHANDIGARH DT. 27/06/2019. 2. THE ASSESSEE HAS FURNISHED AN APPLICATION FOR WI THDRAWAL OF THIS APPEAL STATING THEREIN AS UNDER: SUB: SUBMISSION OF FORM NO. 3 ISSUED UNDER 'VIVAD SE VISHWAS SCHEME' AND REQUEST FOR WITHDRAWAL OF APPEAL IN THE CASE M/S PUNJAB ALKALIES & CHEMICALS LTD. SCO 125-127, SECTOR 17B. CHANDIGARH IT A NO. 1207/CHANDI-2019, A.Y. 2015- 16 KINDLY REFER TO THE ABOVE MENTIONED CASE WHICH IS F IXED FOR HEARING BEFORE DIE HON'BLE BENCH FOR TODAY ONLY. IT IS RESPECTFULLY SUBMITTED THAT THE APPELLANT HAD OPTED FOR 'VIVAD SE VISHWAS SCHEME' AND HAS RECEIVED FORM NO.3. THE COPY OF WHICH IS ENCLOSED HEREWITH. THE APPEAL FILED BY THE APPELLANT IS HEREBY WITHDRA WN. IN VIEW OF THE ABOVE SUBMISSION, IT IS HUMBLY REQUE STED THAT APPELLANT MAY KINDLY BE ALLOWED TO WITHDRAW THE APPEAL. 2 THANKING YOU. YOURS FAITHFULLY, SD/- (VITTEET KRISHAN) COUNSEL. 3. DURING THE COURSE OF HEARING THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT SINCE THE ASSESSEE HAS AVAILED THE IMMUNITY SC HEME I.E; VIVAD SE VISHWAS AND THE INCOME TAX DEPARTMENT HAS SINCE ISSUED FORM 3 BEARING CERTIFICATE NO. 251167480110221 IN RESPONSE TO THE APPLICATION FILE D BY THE ASSESSEE, UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT , 2020, THEREFORE THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 4. THE LD. DR DID NOT OBJECT IF APPEAL OF THE ASSES SEE IS DISMISSED AS WITHDRAWN. 5. IN VIEW OF THE ABOVE THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 6. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISS ED. (ORDER PRONOUNCED IN THE OPEN COURT ON 16/02/2021) SD/- SD/- (R.L. NEGI) (N.K. SAINI) JUDICIAL MEMBER VICE PRESIDENT DATED : 16/02/2021 AG *% +,-. -( / COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. CIT 4. THE CIT(A) 5. DR, ITAT, CHANDIGARH 6. GUARD FILE