M/s Ind Swift Ltd., Chandigarh V. DCIT, C-1(1), Chandigarh

ITA 1501/CHANDI/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6020 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 4 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2002-2003
• Appeal Filed On: 25-11-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH A, CHANDIGARH (VIRTUAL COURT) BEFORE: SHRI. N.K.SAINI, VICE PRESIDENT AND SHRI SANJAY GARG, JUDICIAL MEMBER ITA NO. 1501/CHD/2019 ASSESSMENT YEAR : 2002-03 M/S IND SWIFT LIMITED 781, INDUSTRIAL AREA-II CHANDIGARH THE DCIT CIRCLE1(1) CHANDGIARH ./ PAN NO. AAAC16100L / APPELLANT / RESPONDENT / ASSESSEE BY : SHRI T.N. SINGLA, C.A / REVENUE BY : SMT. MEENAKSHI VOHRA, ADDL. CIT ! ' # / DATE OF HEARING : 19/04/2021 $%&'() # / DATE OF PRONOUNCEMENT : 19/04/2021 / ORDER PER N.K. SAINI, VICE PRESIDENT: THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(A)-4, LUDHIANA DT. 27/09/2019. 2. IN THE PRESENT CASE, THE ASSESSEE HAS FURNISHED AN APPLICATION FOR WITHDRAWAL OF THIS APPEAL STATING THEREIN AS UNDER: SUB: WITHDRAWAL OF APPEAL FILED BEFORE THE HON'BLE TRIBUNAL MAY IT PLEASE YOUR HONORS 1. THIS IS IN RELATION TO THE APPEAL BEARING ITA NO. 1 501/CHD/2019 FOR THE A.Y. 2002-03 WHICH IS LISTED FOR HEARING ON 19.04.2021 BEFORE A BENCH OF THIS HON'BLE TRIBUNAL 2. THAT THE APPLICANT HAS OPTED TO SETTLE THE DISPUTE IN THE SAID APPEAL AND FILED THE APPLICATION UNDER THE VIVAD SE VISHWAS SCHEME IN AC CORDANCE WITH DIRECT TAX VIVAAD SE VISHWAS ACT, 2020. 3. THAT THE APPLICANT HAS RECEIVED FORM 3 UNDER THE VI VAD SE VISHWAS SCHEME AND THE SCANNED COPY OF THE SAME ARE ENCLOSED WITH THIS APPLICATION. 4. THAT IN VIEW OF THE ABOVE, THE APPLICANT WISHES TO WITHDRAW THE SAID APPEAL FILED BEFORE THE HON'BLE TRIBUNAL. PRAYER IN VIEW OF THE ABOVE CIRCUMSTANCES, IT IS PRAYED TO KINDLY ALLOW THE WITHDRAWAL OF THE APPEAL FILED BY THE APPLICANT. 2 FOR THIS ACT OF KINDNESS, THE APPLICANT SHALL EVER BE GRATEFUL. PRAYED ACCORDINGLY SD/- IND SWIFT LTD. 3. DURING THE COURSE OF HEARING THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT SINCE THE ASSESSEE HAS AVAILED THE IMMUNITY SC HEME I.E; VIVAD SE VISHWAS AND THE INCOME TAX DEPARTMENT HAS SINCE ISSUED FORM 3 BEARING CERTIFICATE NO. 941151300291220, IN RESPONSE TO THE APPLICATION FIL ED BY THE ASSESSEE, UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT , 2020, THEREFORE THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 4. THE LD. DR DID NOT OBJECT IF APPEAL OF THE ASSES SEE IS DISMISSED AS WITHDRAWN. 5. IN VIEW OF THE ABOVE THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 6. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISS ED. (ORDER PRONOUNCED IN THE OPEN COURT ON 19/04/2021 ) SD/- SD/- (SANJAY GARG) (N.K. SAINI) JUDICIAL MEMBER VICE PRESIDENT DATED : 19/04/2021 AG *% +,-. -( / COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. CIT 4. THE CIT(A) 5. DR, ITAT, CHANDIGARH 6. GUARD FILE