M/s. Victor Industries, Sangli V. Deputy Commissioner of Income-tax, Circle - 2, Sangli

ITA 1268/PUN/2018

• Counselvise Citation: [2022] 107 COUNSELVISE.COM (IT) 0063 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 10 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-06-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2007-2008
• Appeal Filed On: 26-07-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S P WALIMBE

Judgement Text

आयकर अपीलीय अिधकरण “ए” Ɋायपीठ पुणे मŐ । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI R S SYAL, VICE PRESIDENT AND SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER आयकरअपीलसं. / ITA No.1268/PUN/2018 िनधाᭅरण वषᭅ / Assessment Year: 2007-08 Victor Industries, 17/196, Industrial Estate, Sangli. PAN: AACFV 3172 E Vs The Deputy Commissioner of Income Tax, Circle-2, Sangli. Appellant/ Assessee Respondent /Revenue Assessee by None Revenue by Shri S P Walimbe – DR Date of hearing 25/05/2022 Date of pronouncement 06/06/2022 आदेश / ORDER PER PARTHA SARATHI CHAUDHURY, JM: This appeal preferred by the assessee emanates from the order of ld.Commissioner of Income Tax(Appeals)-1, Kolhapur dated 18.05.2018 for the Assessment Year 2007-08, as per the grounds of appeal on record. 2. The appeal came up for hearing on 25 th May, 2022. At the time of hearing, None appeared on behalf of the assessee. However, perusal of record reveals that the assessee has submitted vide application dated 27.12.2012 in the registry that it has opted for Vivad Se Vishwas Scheme 2020 and made necessary compliance under the said scheme with the Income Tax Department by availing the benefits of Vivad se Visvas Scheme -2020 (VSV-20) and received Form-4 of VSV-20 from designated authority vide Acknowledgment No.231405370290121 dated 29.01.2021 and requested permission for withdrawal of the present appeal. ITA No.1268/PUN/2018 for A.Y. 2007-08 Victor Industries (A) 2 3. On the other hand the learned Departmental Representative (DR) submits that he has no objection, if the appeal of the assessee is dismissed as withdrawn. 4. We have considered the contents of the application filed by the assessee and the submissions of the Ld.DR for the Revenue. Considering the facts that the assessee has already filed application before the prescribed authority and settled the tax liability with the income–tax department under VSV-20 and have received Form-4 vide Acknowledgement No. 231405370290121 dated 29.01.2021 from designated authority, hence, the appeal of the assessee is dismissed as withdrawn 5. In the result, the appeal filed by the Assessee stands dismissed as ‘withdrawn’. Order pronounced in the open Court on 6 th June, 2022. Sd/- Sd/- (R S SYAL) (PARTHA SARATHI CHAUDHURY) VICE PRESIDENT JUDICIAL MEMBER पुणे / Pune; ᳰदनांक / Dated : 6 th June, 2022/ SGR* आदेश कᳱ ᮧितिलिप अᮕेिषत / Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant. 2. ᮧ᭜यथᱮ / The Respondent. 3. The CIT(A) concerned. 4. The Pr. CIT concerned. 5. िवभागीय ᮧितिनिध, आयकर अपीलीय अिधकरण, “ए” बᱶच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गाडᭅ फ़ाइल / Guard File. आदेशानुसार / BY ORDER, // TRUE COPY // Senior Private Secretary आयकरअपीलीयअिधकरण, पुणे/ITAT, Pune.