M/s. KSL AND INDUSTRIES LTD., MUMBAI V. DCIT CENT. CIR. - 5(3), MUMBAI

ITA 1369/MUM/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8183 (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: H
• Assessment Year: 2014-2015
• Appeal Filed On: 06-03-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR JHA
• Section: 201; 13; 69; 15

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 S . 13 69 /MUM/2018 & 23 6 / MUM/ 20 20 ( ASSESSMENT YEAR : 201 4 - 15 ) ITA NO S . 1344/MUM/2018 & 235/ MUM/ 2020 ( ASSESSMENT YEAR : 2013 - 14 ) & ITA NO. 6304/ MUM/ 2018 ( ASSESSMENT YEAR : 2015 - 16 ) M/S. KSL A ND INDUSTRIES LTD. 11/12, RAGHUVANSHI MILL COMPOUND, LOWER PAREL MUMBAI - 400 013 VS. DCIT, CENTRAL CIRCLE - 5(3) AIR I NDIA BUILDING, 19 TH FLOOR, ROOM NO.1906 NARIMAN POINT MUMBAI - 400 021 PAN/GIR NO. AA ACK4722E (APPELLANT ) .. (RESPONDENT ) ITA NO. 125 9 / MUM/ 2018 ( ASSESSMENT YEAR : 201 4 - 15 ) & ITA NO. 1257/ MUM/ 2018 ( ASSESSMENT YEAR : 2013 - 14 ) DCIT, CENTRAL CIRCLE - 5(3 ) AIR INDIA BUILDING, 19 TH FLOOR, ROOM NO.1906 NARIMAN POINT MUMBAI - 400 021 VS. M/S. KSL AND INDUSTRIES LTD. 11/12, RAGHUVANSHI MILL COMPOUND, LOWER PAREL MUMBAI - 400 013 PAN/GIR NO. AAACK4722E (APPELLANT ) .. (RESPONDENT ) ITA NO S . 13 69 /MUM/2018 AND OTHER APPEALS M/S. KSL A ND INDUSTRIES 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 BENCH : ITA NO . 1369/MUM/2018 ( ASSESSMENT YEAR : 2014 - 15 ) ITA NO. 1344/MUM/2018 ( ASSESSMENT YEAR : 2013 - 14 ) ITA NO. 6304/ MUM/ 2018 ( ASS ESSMENT YEAR : 2015 - 16 ) ITA NO. 1259/ MUM/ 2018 ( ASSESSMENT YEAR : 2014 - 15 ) ITA NO. 1257/ MUM/ 2018 ( ASSESSMENT YEAR : 2013 - 14 ) THESE ALL APPEALS ARISE OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS) - 53, MUMBAI DATED 15/12/2017 (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 23/ 03 /2016, 26/12/2017 & 29/12/2016 RESPECTIVELY BY THE LD. DEPUTY COMMISSIONER OF INCOME, CENTRAL CIRCLE - 5(3) (HEREINAFTER REFERRED TO AS LD. AO). ITA NO.235/MUM/2020(A.Y.2013 - 14) ITA NO.236/MUM/2020 (A.Y.2014 - 15) THESE APPEALS IN ITA NOS. 235/MUM/2020 & 236/MUM/2020 FOR A.Y.2013 - 14 & 2014 - 15 ARISE OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS) - 53, MUMBAI IN APPEA L 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. ITA NO S . 13 69 /MUM/2018 AND OTHER APPEALS M/S. KSL A ND INDUSTRIES LTD. 3 2. WE FIND THAT THE LD. AR FILED LETTER S DATED 28/10/2020 & 23/11/2020 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 THIS 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 WHA TSOEVER. 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/ - ( M.BALAGANESH ) SD/ - ( PAV AN KUMAR GADALE ) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI ; DATED 12 / 01 / 2021 KARUNA , SR.PS ITA NO S . 13 69 /MUM/2018 AND OTHER APPEALS M/S. KSL A ND INDUSTRIES 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//