M/s Kundil Sponge Iron Ltd., Panaji V. The Principal Commissioner of Income Tax, Panaji., Panaji

ITA 133/PAN/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8089 (ITAT-PANAJI)
• Duration Of Justice: 3 year(s) 4 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-08-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 19-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI VIRTUAL COURT BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER ITA NO. 133/PAN/2017 / ASSESSMENT YEAR : 2012-13 M/S. KUNDIL SPONGE IRON LTD., 610, 6 TH FLOOR, SHIV TOWER, PATTO PLAZA, PANAJI, GOA 403001 PAN : AACCK3972A VS. THE PR. CIT, PANAJI, GOA. APPELLANT RESPONDENT / ORDER THIS APPEAL BY THE ASSESSEE ARISES OUT OF THE REVISION OR DER DATED 21-03-2017 PASSED BY THE PR. CIT, PANAJI-GOA U/S 263 OF THE INCOME-TAX ACT, 1961 IN RELATION TO THE ASSESSMENT YEAR 2012 -13. 2. BEFORE US, THE ASSESSEE HAS FILED A LETTER DATED 13-07 -2020, SEEKING WITHDRAWAL OF THE APPEAL. THE RELEVANT CONTENTS OF SUCH WITHDRAWAL LETTER READS AS UNDER : WE HAVE OPTED FOR THE DIRECT TAX VIVAD SE VISHWAS SCHEME, 2020 AND OUR APPLICATION HAS BEEN DULY ACCEPTED BY THE D EPARTMENT. WE ENCLOSE THE COPY OF THE FORM-3 RECEIVED BY US. ASSESSEE BY SHRI SHRINIVAS NAYAK REVENUE BY SHRI SURENDER SINGH, IT INSPECTOR DATE OF HEARING 21-08-2020 DATE OF PRONOUNCEMENT 21-08-2020 ITA NO133/PAN/2017 M/S. KUNDIL SPONGE IRON LTD., 2 WE HAD FILED THE ABOVE APPEAL AGAINST THE PR. COMMI SSIONER OF INCOME TAX, ORDER U/S.263 OF THE INCOME TAX ACT, 19 61 AND SUBSEQUENTLY THE AO HAS PASSED THE ORDER U/S.144 R. W.S.263 OF THE INCOME TAX ACT, WHICH WAS APPEALED BY US AND HAVE N OW BEEN APPLIED FOR THE VSVS SCHEME. WE ENCLOSE THE COPY O F THE AO ORDER AND THE CIT APPEAL FILE MEMO. CONSIDERING THE ABOVE, WE WOULD LIKE TO WITHDRAW TH E APPEAL FILED BY US BEFORE THE TRIBUNAL. THE COPY OF THE APPEAL FIL ED MEMO IS ENCLOSED. 3. ON PERUSAL OF THE ABOVE LETTER AND HAVING NO OBJECTION FR OM THE SIDE OF LD. DR, WE ALLOW THE REQUEST OF THE ASSESSEE TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 21 ST AUGUST, 2020. SD/- SD /- (S.S. VISWANETHRA RAVI) (R.S.SYAL) JUDICIAL MEMBER V ICE PRESIDENT PUNE; DATED : 21 ST AUGUST, 2020 SATISH ITA NO133/PAN/2017 M/S. KUNDIL SPONGE IRON LTD., 3 / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. THE PR.CIT, PANAJI 4. 5. 6. THE JCIT, RANGE-1, PANAJI THE DR, ITAT, PANAJI; / GUARD FILE. / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE DATE 1. DRAFT DICTATED ON 21-08-2020 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 21-08-2020 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER. *