M/S K-LIFESTYLE & INDUSTRIAL LTD., MUMBAI V. DCIT CC 5 (3), MUMBAI

ITA 133/MUM/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8785 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2013-2014
• Appeal Filed On: 06-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: GURBINDER SINGH

Judgement Text

ITA NOS. 133, 134, 1022 & 755/MUM/2020 ASSESSMENT YEARS: 2013-14, 2014-15 & 2016-17 PAGE 1 OF 3 INCOME TAX APPELLATE TRIBUNAL MUMBAI H BENCH, MUMBAI [CORAM: PRAMOD KUMAR, VICE PRESIDENT, AND, SAKTIJIT DEY, JUDICIAL MEMBER] ITA NOS. 133, 134 & 1022/MUM/2020 ASSESSMENT YEARS: 2013-14, 2014-15 & 2016-17 M/S. K-LIFESTYLE & INDUSTRIES LTD. .. ASSESSEE 11/12, RAGHUVANSHI MILL, COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (W), MUMBAI 400 013 [PAN: AABCS 1364 B] VS. DY. CIT, CENTRAL CIRCLE 5(3) R. NO. 1906, 19 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400 021 ...REVENUE AND ITA NO. 755/MUM/2020 ASSESSMENT YEAR: 2016-17 DY. CIT, CENTRAL CIRCLE 5(3) ...REV ENUE R. NO. 1906, 19 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400 021 VS. M/S. K-LIFESTYLE & INDUSTRIES LTD. .. ASSESSEE 11/12, RAGHUVANSHI MILL, COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (W), MUMBAI 400 013 [PAN: AABCS 1364 B] APPEARANCES: WITHDRAWAL LETTER DATED 16.12.2020 FOR THE ASSESSEE GURBINDER SINGH FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING: : JANUARY 8, 2021 DATE OF PRONOUNCEMENT : JANUARY 8, 2021 ITA NOS. 133, 134, 1022 & 755/MUM/2020 ASSESSMENT YEARS: 2013-14, 2014-15 & 2016-17 PAGE 2 OF 3 O R D E R PER BENCH: 1. THE ASSESSEE HAS MOVED PETITION SEEKING WITHDRAW AL OF THE APPEALS ON THE GROUND THAT THE MATTER IS SETTLED UNDER VIVAD SE VISHWAS SCHEME 2020. 2. LEARNED DEPARTMENTAL REPRESENTATIVE DOES NOT OPP OSE THE PRAYER SO MADE BY THE ASSESSEE. 3. THERE IS NO DISPUTE THAT ONCE THE MATTER IS RESO LVED UNDER VIVAD SE VISHWAS SCHEME 2020, THE RELATED APPEALS ARE REQUIRED TO BE WITHDR AWN. 4. IN VIEW OF THE ABOVE POSITION, AS ALSO BEARING I N MIND ENTIRETY OF THE CASE, WE DEEM IT FIT AND PROPER TO DISMISS THESE APPEALS AS WITHDRAW N. 5. IN THE RESULT, ALL THE APPEALS FILED BY THE ASSE SSEE AND THE REVENUE ARE DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT TODAY ON TH E 8 TH DAY OF JANUARY, 2021. SD/- SD/- SAKTIJIT DEY PRAMOD KUMAR (JUDICIAL MEMBER) ( VICE PRESIDENT) MUMBAI, DATED THE 8 TH DAY OF JANUARY, 2021 ROSHANI, SR. PS COPIES TO: (1) THE APPLICANT (2) THE RESPONDENT (3) CIT (4) CIT(A) (5) DR (6) GUARD FILE BY ORDER TRUE COPY ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI