Dy. Commissioner Of Income Tax, Ludhiana V. M/s Saini Motors, Ludhiana

ITA 1455/CHANDI/2016

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5641 (ITAT-CHANDIGARH)
• Duration Of Justice: 4 year(s) 1 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-01-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2003-2004
• Appeal Filed On: 27-12-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ASHOK KHANNA CIT
• Section: 5(2)

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH B, CHANDIGARH (VIRTUAL COURT) .., ! '# .. , $ %& BEFORE: SHRI. N.K.SAINI, VP & SHRI , R.L. NEGI, JM ITA NO. 1455/CHD/2016 ASSESSMENT YEAR : 2003-04 THE DY. CIT CIRCLE-5, LUDHIANA M/S SAINI MOTORS G.T. ROAD, SHERPUR CHOWK LUDHIANA PAN NO: AAXFS4336E APPELLANT RESPONDENT !' ASSESSEE BY : SHRI SUDHIR SEHGAL, ADVOCATE #!' REVENUE BY : SHRI ASHOK KHANNA, ADDL. CIT $ %! & DATE OF HEARING : 27/01/2021 '()*! & DATE OF PRONOUNCEMENT : 27/01/2021 %'/ ORDER PER N.K. SAINI, VICE PRESIDENT: THIS IS AN APPEAL BY THE DEPARTMENT AGAINST THE ORD ER DT. 21/10/2016 OF LD. CIT(A)-2, LUDHIANA 2. THE PARTNERS OF THE ASSESSEE FIRM HAD FURNISHED COPY OF THE FORM NO. 5 UNDER DIRECT TAX VIVAD SE VISHWAS ACT, 2020 WHEREIN IT HAS BEEN MENTIONED THAT THE DESIGNATED AUTHORITY ISSUED CERTIFICATE NO. 102 248760050121 DT. 05/01/2021. 3. THE LD. DR SUBMITTED THAT SINCE THE DISPUTE RELA TING TO TAX ARREARS HAS BEEN SETTLED, THEREFORE THE APPEAL OF THE DEPARTMEN T NOW BECOME INFRUCTUOUS AS PER THE PROVISIONS OF SECTION 5(2) R.W.S 6 OF TH E VIVAD SE VISHWAS ACT, 2020. 4. LD. COUNSEL FOR THE ASSESSEE FURNISHED AN APPLIC ATION STATING THEREIN THAT THE ASSESSEE HAS OPTED FOR VIVAD SE VISHWAS SCHEME, WHICH IS PLACED ON RECORD. 5. IN VIEW OF THE ABOVE THE APPEAL OF THE DEPARTMEN T IS DISMISSED AS INFRUCTUOUS. 6. IN THE RESULT APPEAL OF THE DEPARTMENT IS DISMIS SED. ORDER PRONOUNCED ON 27/01/2021 SD/- SD/- .. .., (R.L. NEGI ) ( N.K. SAIN I) $ %&/ JUDICIAL MEMBER ! / VICE PRESIDENT AG DATE: 27/01/2021 (+! ,-.- COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. $ / CIT 4. $ / 01 THE CIT(A) 5. -2 45&456789 DR, ITAT, CHANDIGARH 6. 8:% GUARD FILE