M/s Standard Corporation India Ltd., Barnala V. DCIT, Central Circle , Patiala

ITA 1532/CHANDI/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7672 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 3 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 03-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ASHOK KHANNA

Judgement Text

, . , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH B CHANDIGARH , , , BEFORE: SMT. DIVA SINGH, JM & SMT.ANNAPURNA GUPTA, AM ./ ITA NO. 1532/CHD/2019 / ASSESSMENT YEAR : 2013-14 M/S STANDARD CORPORATION INDIA LTD., HANDIAYA CHOWK, BARMALA VS THE DCIT, CENTRAL CIRCLE, PATIALA. ./ PAN /TAN NO: AAFCS4440L / APPELLANT / RESPONDENT / ASSESSEE BY : SHRI RAJIV GUPTA, C.A. / REVENUE BY : SHRI ASHOK KHANNA, ADDL. CIT / DATE OF HEARING : 2 3.03.2021 / DATE OF PRONOUNCEMENT : 30.03.2021 / ORDER PER DIVA SINGH BY THE PRESENT APPEAL, THE ASSESSEE HAS ASSAILED T HE CORRECTNESS OF THE ORDER DATED 03.09.2019 OF CIT(A)-5, LUDHIANA PERTAI NING TO 2013-14 ASSESSMENT YEAR ON VARIOUS GROUNDS. 2. HOWEVER AT THE TIME OF HEARING, LD. AR RELYING O N THE APPLICATION DATED 12.03.2021 SUBMITTED THAT THE ASSESSEE HAS AVAILED OF SETTLEMENT UNDER THE DIRECT TAX VIVAD SE VISHWAS SCHEME, 2020 AND ITS A PPLICATION HAS BEEN ACCEPTED BY THE DEPARTMENT AS FORM NO. 3 STANDS ISS UED. COPY FILED. IN THESE CIRCUMSTANCES, THE ASSESSEE PRAYS FOR WITHDRAWAL OF THE APPEAL. ITA-1532/CHD/2019 A.Y. 2013-14 PAGE 2 OF 2 3. THE LD. SR.DR SHRI ASHOK KHANNA ON A PERUSAL OF RECORD HAD NO OBJECTION TO THE PRAYER OF THE ASSESSEE. 4. WE HAVE HEARD THE SUBMISSIONS AND PERUSED THE MA TERIAL ON RECORD. IN THE AFOREMENTIONED PECULIAR FACTS AND CIRCUMSTANCES CON SIDERING THE RECORD AND THE SUBMISSIONS, THE APPEAL OF THE ASSESSEE IS DISMISSE D AS WITHDRAWN. SAID ORDER WAS PRONOUNCED AT THE TIME OF VIRTUAL HEARING ITSEL F IN THE PRESENCE OF THE PARTIES VIA WEBEX. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED ON 30 TH MARCH,2021. SD/- SD/- ( ) ( ) (ANNAPURNA GUPTA) (DIVA SINGH) / ACCOUNTANT MEMBER / JUDICIAL MEMBER POONAM / 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 / BY ORDER, / ASSISTANT REGISTRAR