The Khanpur Co-op Agri. Multipurpose Society Ltd., Khanpur V. ACIT, C-2(1), Ludhiana

ITA 1255/CHANDI/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8902 (ITAT-CHANDIGARH)
• Duration Of Justice: 10 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2016-2017
• Appeal Filed On: 16-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH A, CHANDIGARH (VIRTUAL COURT) .., !' '# $, % &' BEFORE: SHRI. N.K.SAINI, VP & SHRI , SANJAY GARG, J M ./ ITA NO. 1255/CHD/2019 / ASSESSMENT YEAR : 2016-17 THE KHANPUR CO-OP AGRI. MULTI- PURPOSE SOCIETY LTD., VILLAGE- KHANPUR, DISTT. LUDHIANA. THE ACIT, CIRCLE 2(1), LUDHIANA. ./ PAN NO: AAAAT6245P / APPELLANT / RESPONDENT ! ' / ASSESSEE BY : SHRI SUDHIR SEHGAL, CA # ! ' / REVENUE BY : SHRI DAYA INDER SINGH SIDHU, ADDL. CIT $ % ! &/ DATE OF HEARING : 30.07.2020 '()* ! &/ DATE OF PRONOUNCEMENT : 30.07.2020 &(/ ORDER PER N.K. SAINI, VICE PRESIDENT THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(A)-1, LUDHIANA DATED 17.07.2019. 2. THE LD. COUNSEL FOR THE ASSESSEE FURNISHED AN AP PLICATION FOR WITHDRAWAL OF THIS APPEAL STATING THEREIN AS UNDER: SUB: REQUEST FOR WITHDRAWAL OF APPEAL AS FILED VI DE ITA NO. 1255/CHD/2019 WITH REGARD TO THE CAPTIONED SUBJECT, IT IS VERY HU MBLY SUBMITTED THAT FOR THE A.Y 2016- 17, THE APPELLANT HAS OPTED FOR VIVAD SE VISHWAS SC HEME, 2020 AND HAD FILED FORM 1 & 2 WITH WORTHY PCIT, LUDHIANA ON 08.06.2020. THE WOR THY PCIT-I, LUDHIANA HAS ALSO ISSUED FORM 3 DATED 15.07.2020 AS PER COPY ENCLOSED AND NOW THE APPELLANT IS REQUIRED TO FILE FORM 4 ALONG WITH THE EVIDENCE OF WITHDRAWA L OF APPEAL. THUS, IN VIEW OF THE ABOVE, IT IS REQUESTED BEFORE YOUR GOODSELF TO KINDLY ALLOW THE APPELLANT TO WITHDRAW THE APPEAL FILED WITH HON'BLE ITAT. ITA 1255/CHD/2019 A.Y. 2016-17 2 THANKING YOU YOURS FAITHFULLY SD/- AUTHORIZED SIGNATORY 3. DURING THE COURSE OF HEARING THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT SINCE THE ASSESSEE HAS AVAILED THE I MMUNITY SCHEME I.E; VIVAD SE VISHWAS AND THE INCOME TAX DEPARTMENT HAS SINCE ISSUED FORM 3 BEARING CERTIFICATE NO. 398471870150720, IN RESPONSE TO THE APPLICATION FILED 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SECTION 5( 1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020, THEREFORE THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 4.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. SR. DR DID NOT OBJECT IF APPEAL OF THE A SSESSEE 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 30.07.2020 SD/- SD/- '# $ .., (SANJAY GARG ) ( N.K. SAIN I) % &'/ JUDICIAL MEMBER / VICE PRESIDENT POONAM (+ ! ,- .- / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. $ E / CIT 4. $ E ()/ THE CIT(A) 5. -KL M, & M, OPQLR/ DR, I TAT, CHANDIGARH 6. LQ W%/ GUARD FILE