PANTHEON INVESTMENTS & HOLDINGS , Mumbai V. ITO 21 (2)(5), Mumbai

ITA 1425/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2426 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 11-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: MANAN MATHUR
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL , C BENCH MUMBAI BEFORE : SHRI MAHAVIR SINGH, VICE PRESIDENT & SHRI M.BALAGANESH, A CCOUNTANT M EMBER ITA NO. 1425 /MUM/ 20 19 ( ASSESSMENT YEAR : 2010 - 11 ) M/S. PANTH E ON INVESTMENTS & HOLDINGS 218 - 220, A TO Z INDUSTRIAL STATE, G.K. MARG, LOWER PAREL, MUMBAI 400 013 VS. INCOME TAX OFFICER - 21(2)(5) PIRAMAL CHAMBERS, LALBAUG MUMBAI 400 012 PAN/GIR NO. AAJFP7879B (APPELLANT ) .. (RESPONDENT ) ASSESSEE BY SHRI MANAN MATHUR REVENUE BY MS. SHREEKALA PARDESHI DATE OF HEARING 21 / 06 /202 1 DATE OF PRONOUNCEMENT 22 / 06 /202 1 / O R D E R PER M. BALAGANESH (A.M) : THIS APPEAL IN ITA NO. 1425/MUM/2019 FOR A.Y. 2010 - 11 ARISES OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME TAX (APP EALS) - 48, MUMBAI IN APPEAL NO. CIT(A) - 48/IT - 337/ITO - 21(2)(5)/2018 - 19 DATED 22/02/2019 (LD. CIT(A) IN SHORT) AGAINST THE ORDER OF ASSESSMENT PASSED U/S.143(3) R.W.S. 147 OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT) DATED 15/03/2016 BY THE LD. INCOME TAX OFFICER - 21(2)(5), MUMBAI (HEREINAFTER REFERRED TO AS LD. AO). ITA NO . 1425/MUM/2019 M/S. PANTH E ON INVESTMENTS & HOLDINGS 2 2. ASSESSEE VIDE ITS AUTHORISED REPRESENTATIVE'S LETTER DATED 18 /0 6 /2021, PRAYED FOR WITHDRAWAL OF APPEAL IN ITA NO.1 425 /MUM/2019. FOR THE SAKE OF CONVENIENCE, WE ARE REPRODUCING THE CONTENTS OF THE SAID APPLICATION AS UNDER: - UNDER THE INSTRUCTIONS FROM OUR ABOVE MENTIONED APPELLANT, WE SUBMIT AS UNDER: WE DRAW YOUR HONORS'S KIND ATTENTION TO THE HEARING SCHEDULED ON 21.06.2021 BEFORE YOUR HONORS FOR THE CAPTIONED APPEAL. IN T HIS REGARD, WE HUMBLY SUBMIT BEFORE YOUR HONORS THAT THE APPELLANT DOES NOT WISH TO PURSUE THIS APPEAL AS THE MATTER PERTAINS TO AN OLD AY I.E AY 2010 - 11 FOR WHICH CERTAIN DOCUMENTS REQUIRED FOR THE APPEAL WERE DESTROYED IN A FIRE IN THE OFFICE PREMISES. F URTHER, DUE TO THE ONSET OF THE 2 ND WAVE OF COVID - 19, THE APPELLANT IS UNABLE TO RECONSTRUCT THE FILES BY VISITING THE TAX DEPARTMENT. ACCORDINGLY, TO BUY PEACE OF MIND AND SINCE THE ENTIRE DEMAND RAISED AS ALREADY BEEN PAID, THE APPELLANT DOES NOT WISH TO PURSUE THE CAPTIONED APPEAL. HENCE, IN VIEW OF THE ABOVE REASONS, WE REQUEST YOUR HONORS TO TAKE THE ABOVE ON RECORD AND CONSIDER OUR REQUEST FAVORABLY. WE REGRET CAUSING ANY INCONVENIENCE TO YOUR HONORS. 3. IN VIEW OF THE SAME, THE APPEAL OF THE A SSESSEE IS HEREBY DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 22 / 06 /202 1 BY WAY OF PROPER MENTIONING IN THE NOTICE BOARD. SD/ - ( MAHAVIR SINGH ) SD/ - (M.BALAGANESH) VICE PRESIDENT ACCOUNTANT MEMBER MUMBAI ; DATED 22 / 06 / 2021 KARUNA , SR.PS ITA NO . 1425/MUM/2019 M/S. PANTH E ON INVESTMENTS & HOLDINGS 3 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, ITA T, MUMBAI 6. GUARD FILE. //TRUE COPY//