M/s Basera Realtors Pvt. Ltd., Ludhiana V. DCIT, CC-1, Ludhiana

ITA 1360/CHANDI/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 1318 (ITAT-CHANDIGARH)
• Duration Of Justice: 3 year(s) 9 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2008-2009
• Appeal Filed On: 12-09-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C CHANDRAKANTA CIT DR

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH A, CHANDIGARH BEFORE: SMT.ANNAPURNA GUPTA, ACCOUNTANT MEMBER AND SHRI R.L. NEGI, JUDICIAL MEMBER . / ITA NO.1360/CHD/2017 / ASSESSMENT YEAR : 2008-09 M/S BASERA REALTORS PVT. LTD., 10, CANAL VIEW, NEAR SOUTH CITY, AGGAR NAGAR, LUDHIANA. THE D.C.I.T. , CENTRAL CIRCLE-1, LUDHIANA. ./ PAN NO: AACCB7360D /APPELLANT /RESPONDENT ! /ASSESSEE BY : SHRI HARI OM ARORA, ADV. # ! / REVENUE BY : SMT.C. CHANDRAKANTA, CIT DR ! & /DATE OF HEARING : 28.06.2021 ! & /DATE OF PRONOUNCEMENT: 28.06. 2021 (HEARING THROUGH WEBEX) /ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER : THE ABOVE APPEAL HAS BEEN PREFERRED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-5, LUDHIANA DATED 19.06.2017 RELATING TO ASSESSMENT YEAR 2008-09 PASSED U/S 250(6)) OF THE I NCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT. ITA NO.1360/CHD/2017 A.Y. 2008-09 PAGE 2 OF 3 2. AT THE OUTSET, LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT SINCE THE ASSESSEES APPLICATION FOR SETTLING THE DISPUTE UNDER THE 'VIVAD SE VISHWAS SCHEME, 2020'(VSV) HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT AND FORM NO.3 HAS BEEN ISSUED EVIDENCING THE SAME, THEREFORE, HE INTE NDS TO WITHDRAW THE PRESENT APPEAL. SEPARATE APPLICATION DATED 25.06.2021 THROUGH E-MAIL FOR WITHDRAWAL OF THE APP EAL HAS BEEN SUBMITTED BY THE LD. COUNSEL FOR THE ASSESSEE. THE LD. DR DID NOT OBJECT TO THE SAME. 3. WE HAVE PERUSED THE RECORDS AND DOCUMENTS BEFOR E US AND FIND THAT THE DISPUTE IN THE ABOVE APPEAL STAND S SETTLED UNDER THE VSV SCHEME, WHICH IS EVIDENCED BY FORM NO .3 ISSUED BY THE DEPARTMENT IN THIS RESPECT DATED 12.0 5.2021. IN VIEW OF THE SAME, THE ASSESSEES APPLICATION TO WIT HDRAW THE APPEAL IS ACCEPTED. 4. IN THE RESULT, THE ABOVE APPEAL OF THE ASSESSEE IS HEREBY DISMISSED AS 'WITHDRAWN'. ORDER PRONOUNCED ON 28 TH JUNE, 2021. SD/ SD/- (R.L. NEGI) (ANNAPURNA GUPTA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER DATED: 28 TH JUNE, 2021 * * ITA NO.1360/CHD/2017 A.Y. 2008-09 PAGE 3 OF 3 ! ,- .- / COPY OF THE ORDER FORWARDED TO : / THE APPELLANT / THE RESPONDENT $ / / CIT $ / ( )/ THE CIT(A) -01 2 , & 2 , 34516 / DR, ITAT, CHANDIGARH 15 / GUARD FILE $ / BY ORDER, / ASSISTANT REGISTRAR DRAFT DICTATED 28.06.2021 SR.PS DRAFT PLACED BEFORE AUTHOR 06.2021 SR.PS APPROVED DRAFT COMES TO THE SR.PS/PS 06.2021 SR.PS ORDER SIGNED AND PRONOUNCED ON FILE SENT TO THE BENCH CLERK SR.PS DATE ON WHICH FILE GOES TO THE AR DATE ON WHICH FILE GOES TO THE HEAD CLERK. DATE OF DISPATCH OF ORDER.