Rane Engine Valves Limited, CHENNAI V. DCIT, CHENNAI

ITA 1497/CHNY/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 1954 (ITAT-CHENNAI)
• Duration Of Justice: 3 year(s) 5 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 08-06-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ABANI KANTHA NAYAK
• Assessee Lawyers: N V LAKSHMI
• Section: 143(3); 201; 263

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL , D B ENCH, CHENNAI . , . , & BEFORE SHRI V.DURGA RAO , JUDICIAL MEMBER AND SHRI G.MANJUNATHA, ACCOUNTANT MEMBER ./ I.T.A.NO. 1494/CHNY/2017 ( / ASSESSMENT YEAR: 2010-11) M/S. YCH LOGISTICS INDIA PVT.LTD., PLOT NO.DV1, SIPCOT H-TECH SEZ PHASE II, SRIUMANGADU VILLAGE, SRIPERUMPUDUR TK, KANCHEEPURAM DT. PIN : 602 105. VS THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-3(2), CHENNAI-600 034 PAN: AAACY2873L ( /APPELLANT) /RESPONDENT/ / APPELLANT BY : MS. N.V.LAKSHMI, ADVOCATE /RESPONDENT BY : MR. ABANI KANTHA NAYAK, CIT /DATE OF HEARING : 02.12.2020 /DATE OF PRONOUNCEMENT : 02.12.2020 / O R D E R PER G.MANJUNATHA, AM: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AG AINST ORDER OF THE LEARNED PRINCIPAL COMMISSIONER OF INCOME TAX-3 , CHENNAI DATED 30.03.2017 AND PERTAIN TO ASSESSMENT YEAR 201 0-11. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, AT THE TI ME OF HEARING, FILED A PETITION DATED 02.12.2020 STATING THAT SUB SEQUENT TO FILING OF THE IMPUGNED APPEAL, THE APPEAL FILED BY THE ASSE SSEE AGAINST SECTION 143(3) READ WITH SECTION 263 OF THE ACT WA S ALLOWED BY THE 2 ITA NOS. 1494/CHNY/2017 LEARNED CIT(A) AND THE SAID ORDER HAS ATTAINED FIN ALITY WITHOUT ANY FURTHER APPEAL BY THE REVENUE, THEREFORE, ASSESSEE MAY BE PERMITTED TO WITHDRAW ITS APPEAL. 3. THE LEARNED DR FOR THE REVENUE HAS NO OBJECT ION TO WITHDRAW THE APPEAL. 4. IN VIEW OF THE ABOVE REASONS, WE DISMISS THE APP EAL FILED BY THE ASSESSEE AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 2 ND DECEMBER, 2020 SD/- SD/- ( . ) ( . ) (V.DURGA RAO) ( G.MANJUNATHA ) ' $ / JUDICIAL MEMBER $ / ACCOUNTANT MEMBER ' /CHENNAI, ' /DATED 2 ND DECEMBER, 2020 DS )* +* /COPY TO: 1. APPELLANT 2. RESPONDENT 3. , () /CIT(A) 4. , /CIT 5. * 1 /DR 6. /GF .