SHRADHA TRADELINKS PVT. LTD., MUMBAI V. DCIT , CIRCLE - 8(2)(1), MUMBAI

ITA 1528/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8620 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 9 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 14-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA L D
• Assessee Lawyers: HIRAL SHAHLD
• Section: 143(3)

Judgement Text

ITA NO.1528/MUM/2019 M/S SHRADHA TRADELINKS PVT. LTD. ASSESSMENT YEAR: 2010-11 1 IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.1528/MUM/2019 ( / ASSESSMENT YEAR: 2010-11) SHRADHA TRADELINKS PVT.LTD. 1108, DALAMAL TOWERS FREE PRESS JOURNAL MARG NARIMAN POINT, M.K. ROAD MUMBAI-400 021. / VS. D CIT - CIR. 8 (2)(1) AAYKAR BHAVAN, M.K. ROAD MUMBAI-400 020. !' ./ ./PAN/GIR NO. AAFCS-1489-R ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) ASSESSEE BY : MS. HIRAL SHAH-LD. AR REVENUE BY : SHRI T.S. KHALSA- LD. SR.DR / DATE OF HEARING : 12/01/2021 / DATE OF PRONOUNCEMENT : 12/01/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2010-11, CONTESTS THE ORDER OF LEARNED FIRST APPELLATE AUTHO RITY PASSED ON 22/11/2018 ON CERTAIN GROUNDS OF APPEAL. THE ASSESS MENT WAS FRAMED BY LD. ASSESSING OFFICER U/S 143(3) R.W.S. 1 47 ON 30/03/2016. 2. THE LD. COUNSEL FOR ASSESSEE, AT THE OUTSET, SUB MITTED THAT THE ASSESSEE HAS ALREADY OPTED FOR DIRECT TAX VIVAD SE VISHWAS ITA NO.1528/MUM/2019 M/S SHRADHA TRADELINKS PVT. LTD. ASSESSMENT YEAR: 2010-11 2 SCHEME (VVS SCHEME), 2020 AND FILED REQUISITE DECLARATIONS THEREIN. THE LD. AR ALSO SUBMITTED THAT THE APPEAL MAY BE DISMISSED AS WITHDRAWN BUT WITH A LIBERTY TO ASSESS EE TO SEEK RESTORATION IN CASE THE AFORESAID DECLARATION IS NO T ACCEPTED. THE LD. DR DID NOT OBJECT TO THE SAME. 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTOR ATION OF THIS APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDE R THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 12 TH JANUARY, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 12/01/2021 SR.PS, JAISY VARGHESE / COPY OF THE ORDER FORWARDED TO : 1. '$ / THE APPELLANT 2. %&'$ / THE RESPONDENT 3. - ( ) / THE CIT(A) 4. - / CIT CONCERNED 5. ./% ( 0 , 0 , / DR, ITAT, MUMBAI 6. /123 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.