Intervalve Poonawalla Ltd, Pune V. Deputy Commissioner of Income-tax, Central Circle -1(1), Pune

ITA 1326/PUN/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7601 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 5 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2005-2006
• Appeal Filed On: 17-08-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MAHADEVAN A M KRISHNAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, PUN E (THROUGH VIRTUAL COURT) BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI PARTHA SARATHI CHAUDHURY, JM . / ITA NO.1326/PUN/2018 / ASSESSMENT YEAR : 2005-06 INTERVALVE POONAWALLA LIMITED, ..APPELLANT. 16-B/1, SAROSH BHAVAN, DR. AMBEDKAR ROAD, PUNE 411 001. PAN : AAACI3917P. VS. THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(1), PUNE. ..RESPONDENT. ASSESSEE BY : NONE. REVENUE BY : SHRI MAHADEVAN A.M. KRISHNAN. / ORDER THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST TH E COMMISSIONER OF INCOME TAX (APPEALS), PUNE 11 DATED 30.0 5.2018 IN RELATION TO THE ASSESSMENT YEAR 2005-06. 2. BEFORE US, THE ASSESSEE HAS FILED A LETTER DATED 05.01.2 020 SEEKING WITHDRAWAL OF THE APPEAL. THE RELEVANT CONTENTS OF SUCH LE TTER READS AS UNDER : I AM IN RECEIPT OF NOTICE FOR ABOVE REFERRED APPEA L FIXING DATE OF HEARING ON 21 ST JANUARY, 2021. HOWEVER, WE WOULD LIKE TO DRAW YOUR HONOURS ATTENTI ON TO THE FACT COMPANY HAS OPTED FOR THE SCHEME CALLED VIVAD-SE-VI SHWAS-2020 AND ON 1 ST DECEMBER 2020, THE COMMISSIONER OF INCOME TAX, PUN E 1 HAS ISSUED A CERTIFICATE IN FORM NO.3 WHEREIN, MY PETITION FOR OPTING THE SCHEME HAS APPROVED AFTER FILING LETTER OF WITHDRAWAL OF AN AP PEAL DATED 08 TH / DATE OF HEARING : 21.01.2021 / DATE OF PRONOUNCEMENT: 21.01.2021 2 DECEMBER 2020 (REFER ANNEXURE-A). FURTHER, ON 15 TH DECEMBER 2020, CIT, PUNE-I HAS ISSUED FORM NO.5 TOWARDS FULL AND FINAL CERTIFICATE FOR SETTLING ABO VE REFERRED APPEAL (REFER ANNEXURE-B). THEREFORE, IN THE VIEW OF THE ABOVE FACTUAL BACKGRO UND, WE HUMBLY REQUEST YOUR HONOUR KINDLY PASS AN APPROPRIATE ORDER BY TAK ING COGNIZANCE OF FORM NO.5 ISSUED BY THE CIT, PUNE 1. 3. THE LD. DR DID NOT RAISE ANY OBJECTION TO THE WITHDRA WAL OF THE APPEAL FILED BY THE ASSESSEE. AS SUCH, THE ASSESSEE IS PE RMITTED TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 21 ST DAY OF JANUARY, 2021. SD/- SD/- (PARTHA SARATHI CHAUDHURY) (R.S. SYAL) JUDICIAL MEMBER VICE PRESIDENT / PUNE; / DATED : 21 ST JANUARY, 2021. YAMINI / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CIT(A)-11, PUNE. 4. THE PR.CIT (CENTRAL), PUNE. 5 . , , C , / DR, ITAT, C BENCH, PUNE. 6. / GUARD FILE. / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE.