VARIAN INDIA P.LTD-INDIA BRANCH, MUMBAI V. ADDL CIT (IT) RG 4(3), MUMBAI

ITA 1466/MUM/2015

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 8119 (ITAT-MUMBAI)
• Duration Of Justice: 6 year(s) 8 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-11-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: J
• Assessment Year: 2010-2011
• Appeal Filed On: 10-03-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 254(2)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR, VICE PRESIDENT & SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA No.1466/Mum/2015 (A.Y: 2010-11) Varian India Pvt Ltd – G 01, PrimeCorporation Park, 230- 231,Opp Blue Dart Centre,Sahara Road, Andheri (E), Mumbai-400099 Vs. ACIT (International Taxation), Range – 4(3) Mumbai-400038. ./ज आइआर ./PAN/GIR No. : AAACV3294Q Appellant .. Respondent ITA No.1069/Mum/2015 (A.Y: 2010-11) DCIT (International Taxation), Range – 4(3)(1)Room No. 116, Scindia House, Ballard Pier,NM Road, Mumbai- 400038. Vs. Varian India Pvt Ltd – G 01,PrimeCorporation Park, 230-231,Opp Blue Dart Centre, Sahara Road,Andheri (E), Mumbai 400 099. ./ज आइआर ./PAN/GIR No. : AAACV3294Q Appellant .. Respondent Appellant /Respondent : Shri.Siddesh Chaugule. AR Respondent/Appellant : Ms.Vatsala Jha. DR Date of Hearing 22.11.2021 Date of Pronouncement 24.11.2021 आद श / O R D E R PER PAVAN KUMAR GADALE JM: The Cross appeal is filed by the Assesse and Revenue against the Assessment order passed u/s 144C(13) r.w.s 143(3) of the Income Tax Act, 1961. ITA No. 1466 & 1069/Mum/2015 Varian Ind Pvt Ltd, Mumbai. - 2 - 2. At the time hearing, the Ld. Counsel of the assessee has submitted a letter mentioning that the assessee intend to settle the tax litigation by opting for ‘Vivad se Vishwas Scheme 2020’ (VSVS2020) and received Form.no. 3 & 5 under VSVS Rules 2020. Contra, the Ld. DR has no objections. 3. We heard the rival submissions and perused the material on record. Since the assessee has opted for ‘Vivaad se Vishwas Scheme 2020’ and received Form-3 from the income tax department. We are of the view that, no purpose will be served in keeping the appeal pending. Accordingly, we dismiss the appeal of the assessee as withdrawn. Further in the case of Revenue appeal, the assesee has received Form-no-5 in respect of full and final settlement of Tax Arrears paid and the revenue was given opportunity to confirm the Tax payment/Report on 22-11-2021.But no such report/confirmation was filed. We considering the facts and circumstances dismiss the revenue appeal and the assessee/revenue is given liberty to move an application u/s 254(2) of the Act to recall the present order as per provisions of Law. ITA No. 1466 & 1069/Mum/2015 Varian Ind Pvt Ltd, Mumbai. - 3 - 4. In the result, the appeal filed by the assessee and the revenue is dismissed. Order pronounced in the open court on 24.11.2021. Sd/- Sd/- (PRAMOD KUMAR) (PAVAN KUMAR GADALE) VICE PRESIDENT JUDICIAL MEMBER Mumbai, Dated 24.11.2021 KRK, PS /Copy of the Order forwarded to : 1. / The Appellant 2. / The Respondent. 3. आ र आ / The CIT(A) 4. आ र आ ( ) / Concerned CIT 5. "#$ % & &' , आ र ) र*, हमद द / DR, ITAT, Mumbai 6. % -. / 0 / Guard file. ान ु सार/ BY ORDER, " & //True Copy// 1. ( Asst. Registrar) ITAT, Mumbai