SHRI BHARAT ASSAYERS, CHENNAI V. ACIT, NCC-1, CHENNAI

ITA 1213/CHNY/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6152 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 9 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 24-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: G JOHNSON
• Assessee Lawyers: M KARUNAKARAN

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, CHENNAI , . , BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ./ ITA NO.: 906/CHNY/2019 / ASSESSMENT YEAR: 2008-09 M/S. BALAJEE EXPORTS, 110, DR. RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI 600 004. PAN : AADFB1111E V. THE INCOME TAX OFFICER, NON-CORPORATE WARD 1(5) CHENNAI. ( /APPELLANT) ( /RESPONDENT) & ./ ITA NO.: 1213/CHNY/2019 / ASSESSMENT YEAR: 2013-14 M/S. BHARAT ASSAYERS, NO.36/1, (OLD NO.26/1), SAROJINI STREET, NORTH USMAN ROAD, T.NAGAR, CHENNAI 600 017. PAN : AADFB8964D V. THE ACIT, NON-CORPORATE CIRCLE 1 CHENNAI. ( /APPELLANT) ( /RESPONDENT) / APPELLANTS BY : SHRI M. KARUNAKARAN, CA /RESPONDENTS BY : SHRI G. JOHNSON, ADDL.CIT /DATE OF HEARING : 28.01.2021 /DATE OF PRONOUNCEMENT : 28.01.2021 / O R D E R PER MAHAVIR SINGH, VP: THESE 2 APPEALS FILED BY DIFFERENT ASSESSEES ARE DIRECTED AGAINST THE ORDERS OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-2, CHENNAI IN ITA NO.56/2016-17 DATED 05.02.2019 FOR THE ASSESSMENT YEAR 2008-09 2 I.T.A. NOS.906 & 1213 OF 2019 (VSVS) AND ITA NO.65/2016 DATED 04.02.2019 FOR THE ASSESSMENT YEAR 2013-14 RESPECTIVELY. 2. WE HAVE HEARD THE COUNSEL FOR THE ASSESSEES AND THE LD. DR AND ALSO PERUSED THE MATERIAL AVAILABLE ON RECORD. AT THE TIME OF HEARING, LEARNED COUNSEL FOR THE ASSESSEES HAVE MADE A STATEMENT AT BAR THAT THE ASSESSEES WANTS TO UTILIZE THE DIRECT TAXES VIVAD SE VISHWAS SCHEME, 2020 TO SETTLE PENDING DISPUTE RELATING TO DIRECT TAXES AND IN THIS REGARD THE ASSESSEES HAVE FILED FORM NO 1 AND 2 AND RECEIVED FORM NO. 3 FROM THE DESIGNATED AUTHORITY. THEREFORE, ONCE THE ASSESSEES RECEIVED FORM NO.3 FROM THE DESIGNATED AUTHORITY, THEN THERE IS NO POINT IN KEEPING APPEALS FILED BY THE ASSESSEES. HENCE, WE DISMISS THE APPEALS FILED BY THE ASSESSEES AS WITHDRAWN. 3. IN THE RESULT, THE APPEALS FILED BY THE ASSESSEES ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 28 TH JANUARY, 2021 AT CHENNAI. SD/- SD/- ( . ) (G. MANJUNATHA) /ACCOUNTANT MEMBER ( ) (MAHAVIR SINGH) /VICE PRESIDENT /CHENNAI, /DATED, THE 28 TH JANUARY, 2021 RSR /COPY TO: 1. /APPELLANT 2. /RESPONDENT 3. ( ) /CIT(A) 4. /CIT 5. /DR 6. /GF.