LARSEN AND TOUBRO LTD, MUMBAI V. ASST CIT RG 26(2), MUMBAI

ITA 1464/MUM/2017

• Counselvise Citation: [2022] 107 COUNSELVISE.COM (IT) 0906 (ITAT-MUMBAI)
• Duration Of Justice: 5 year(s) 6 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: J
• Assessment Year: 2012-2013
• Appeal Filed On: 01-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: NAYAN THAKKAR
• Section: 143(3); 144C

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI B. R. BASKARAN, AM AND SHRI ABY T. VARKEY, JM आयकर अपील सं/ I.T(TP).A. No.1464/Mum/2017 (निर्धारण वर्ा / Assessment Years: 2012-13) Larsen and Toubro Ltd. – Scomi Engineering Bhd. Consortium Near Wadala Depot Building, Monorail station, Pratiksha Nagar, Wadala (E), Mumbai- 400037. बिधम/ Vs. ACIT, Range-26(2) Mumbai. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAAAL3046N (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) सुनवाई की तारीख / Date of Hearing: 11/08/2022 घोषणा की तारीख /Date of Pronouncement: 02/09/2022 आदेश / O R D E R PER ABY T. VARKEY, JM: This is an appeal preferred by the assessee against the order of the Ld. Assessing Officer (hereinafter “AO”) dated 14.12.2016 passed u/s 143(3) read with section 144C of the Income Tax Act, 1961 (hereinafter “the Act”) pursuant to the Dispute Resolution Panel-1, Mumbai (DRP) directions u/s 144C(5) dated 24.11.2016. 2. At the outset, it has been brought to our notice that assessee have filed an application for withdrawal of appeal by letter dated 18.06.2022 wherein it has pointed out that it had applied for the Vivad Se Vishwaas Act 2020 (hereinafter “the scheme”) by filing Form No- 1 & 2; and pursuant thereto the assessee received certificate in Form no- 3 from the Ld. PCIT-17; and the assessee in turn filed Form no- 4 (expressing its intention to withdraw this appeal) and resultantly had received Form no- 5 (i.e. Full and Final settlement order dated Assessee by: Shri Nayan Thakkar Revenue by: Shri Samual Pitta (DR) ITA No.1464/Mum/2017 A.Y. 2012-13 Larsen and Toubro Ltd. 2 17.10.2021). In the light of the above development, since we find that the assessee have received the Form no- 5 as per the Vivad Se Vishwaas Act 2020, the assessee’s application for withdrawal of appeal for AY. 2012-13 is allowed. 3. In the result, the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court on this 02/09/2022. Sd/- Sd/- (B. R. BASKARAN) (ABY T. VARKEY) ACCOUNTANT MEMBER JUDICIAL MEMBER मुंबई Mumbai; दिनांक Dated : 02/09/2022. Vijay Pal Singh, (Sr. PS) आदेश की प्रनिनलनि अग्रेनर्ि/Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant 2. प्रत्यर्थी / The Respondent. 3. आयकर आयुक्त(अपील) / The CIT(A)- 4. आयकर आयुक्त / CIT 5. दवभागीय प्रदतदनदि, आयकर अपीलीय अदिकरण, मुंबई / DR, ITAT, Mumbai 6. गार्ड फाईल / Guard file. आदेशधिुसधर/ BY ORDER, सत्यादपत प्रदत //True Copy// उि/सहधयक िंजीकधर /(Dy./Asstt. Registrar) आयकर अिीलीय अनर्करण, मुंबई / ITAT, Mumbai