ESKAY KNIT (INDIA) LIMITED, MUMBAI V. DCIT CC 5(3) , MUMBAI

ITA 1348/MUM/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8181 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 10 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 06-03-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR JHA
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (V I RTUAL COURT) , H BENCH MUMBAI BEFORE SHRI M.BALAGANESH, AM & SHRI PAVAN KUMAR GADALE , JM ITA NO. 1348/ MUM/ 20 18 ITA NO. 138/MUM/2020 ( ASSESSMENT YEAR : 2014 - 15 ) ITA NO. 1347/ MUM/ 2018 ITA NO.137/MUM/2020 ( ASSESSMENT YEAR : 2013 - 14 ) & ITA NO. 6221/M UM/ 2018 ITA NO. 6306/M UM/ 2018 ( ASSESSMENT YEAR : 2015 - 16 ) M/S. ESKAY KNITS (INDIA) LTD. 11/12, RAGHUVANSHI MILL COMPOUND, LOWER PAREL MUMBAI - 4 00 013 VS. DCIT, CENTRAL CIRCLE - 5(3) AIR INDIA BUILDING, 19 TH FLOOR, ROOM NO.1906 NARIMAN POINT MUMBAI - 400 021 PAN/GIR NO. AA BCS1363G (APPELLANT ) .. (RESPONDENT ) ITA NO S . 1269/M UM/ 2018 ( ASSESSMENT YEAR : 2014 - 15 ) ITA NO S . 1266/M UM/ 2018 ( ASS ESSMENT YEAR : 201 3 - 1 4 ) DCIT, CENTRAL CIRCLE - 5(3) (ERSTWHILE DCIT CC - 36 AIR INDIA BUILDING, 19 TH FLOOR ROOM NO.1906 NARIMAN POINT MUMBAI - 400 021 VS. M/S. ESKAY KNIT (INDIA) 11/12, RAGHUVANSHI MILL COMPOUND, LOWER PAREL MUMBAI - 400 013 PAN/GIR NO. AABCS136 3G (APPELLANT ) .. (RESPONDENT ) ITA NO . 1269,1348 /MUM/2018 & 138/MUM/2020 M/S. E SKAY KNIT (INDIA) LTD. 2 ASSESSEE BY NONE REVENUE BY SHRI SUNIL KUMAR JHA, CIT - DR DATE OF HEARING 12/01/2021 DATE OF PRONOUNCEMENT 12 / 01/ 202 1 / O R D E R PER M.BALAGANESH(AM) : ITA NO. 1348/MUM/2018 ( AY :2014 - 15 ), ITA NO. 1347 /MUM/2018 & ITA NO.137/MUM/2020 ( AY :2013 - 14 ), ITA NO. 6221/MUM/2018 & ITA NO. 6306/MUM/2018 ( AY :2015 - 16 ) ITA NO. 1269/MUM/2018 (AY:2014 - 15 ) & ITA NO.1266/MUM/2018 ( AY :2013 - 14 ) THESE APPEAL S ARISE OUT OF THE ORDER BY THE LD. COMMISSION ER OF INCOME TAX (APPEALS) - 53 , MUMBAI DATED 15/12/2017 & 20/08/2018 RESPECTIVELY (LD. CIT(A) IN SHORT) AGAINST THE ORDER OF ASSESSMENT PASSED U/S.143(3) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT) DATED 28.03.2016 , 26/12/2017 & 28/12/2016 RESPECTIVELY BY THE LD. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 5(3) , MUMBAI (HEREINAFTER REFERRED TO AS LD. AO). ITA NO . 1269,1348 /MUM/2018 & 138/MUM/2020 M/S. E SKAY KNIT (INDIA) LTD. 3 ITA NO.138/MUM/2020 (A.Y.2014 - 15) THIS APPEAL IN ITA NO.138/MUM/2020 FOR A.Y. 2014 - 15 ARISES OUT OF THE ORDER BY THE LD. COMMI SSIONER OF INCOME TAX (APPEALS) - 53, MUMBAI IN APPEAL DATED 25/10/2019 (LD. CIT(A) IN SHORT) IN THE MATTER OF IMPOSITION OF PENALTY U/S.271(1)(C) OF THE INCOME TAX ACT, 1961. 2. WE FIND THAT THE LD. AR FILED LETTER S DATED 21/11/2020 & 29/10/2020 MENTIONING THAT ASSESSEE HAD PREFERRED APPLICATION S UNDER DIRECT TAX VIVAD SE VISWAS SCHEME 2020 TO SETTLE TH ESE TAX DISPUTE S FOR THE YEAR S UNDER CONSIDERATION AND HAD OBTAINED FORM - 3 FROM THE DESIGNATED AUTHORITY THEREON, COP IES OF WHICH WAS ENCLOSED ALONGWITH TH IS LETTER. 3. IN VIEW OF THIS, WE HEREBY TREAT THE APPEALS PENDING BEFORE US AS DISMISSED AND WITHDRAWN WITH A LIBERTY GIVEN TO THE ASSESSEE TO GET THE APPEAL S RESTORED IN THE EVENT THAT ASSESSEES DECLARATION MADE UNDER VIVAD SE VISWAS SCHEME 2020 IS DECLARED BAD IN LAW IN FUTURE FOR ANY REASON WHATSOEVER. 4. IN THE RESULT, APPEAL S OF THE ASSESSEE AND REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 12 / 01 /202 1 SD/ - ( PAV AN KUMAR GADALE ) SD/ - (M.BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED 12 / 01 / 2021 KARUNA , SR.PS ITA NO . 1269,1348 /MUM/2018 & 138/MUM/2020 M/S. E SKAY KNIT (INDIA) LTD. 4 COPY OF THE ORDER FORWARDED TO : BY ORDER, ( ASSTT. REGISTRAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. // TRUE COPY//