SHREENIWAS COTTON MILLS LTD., MUMBAI V. DCIT, CC -7(3), MUMBAI

ITA 1538/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3304 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 2 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2015-2016
• Appeal Filed On: 14-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: AVINASH GUPTA
• Section: 143(3); 201

Judgement Text

G IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI , . , BEFORE S H RI MAHAVIR SINGH, VP AND S H RI M. BALAGANESH, AM ./ ITA NO. 1538 /MUM/ 2019 ( / ASSESSMENT YEAR 2015 - 16 ) M/S SHREENIWAS COTTON MILLS LTD. 412, 17 - G, VARDHMAN CHAMBERS, CAWASJI PATEL ROAD, HORNIMAN CIRCLE, FORT, MUMBA I - 400 001 / VS. DCIT, CC - 7(3), CENTRAL CIRCLE - 7(3), ROOM NO. 655, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI - 400 020 ( / APPELLANT) ( / RESPONDENT) . / PAN NO. AAICS9416R / APPELLANT BY : SHRI AVINASH GUPT A, AR / RESPONDENT BY : SHRI MURLI MOHAN, CIT DR / DATE OF HEARING : 10.06.2021 / DATE OF PRONOUNCEMENT : 10. 06.2021 / O R D E R . , / PER M. BALAGANESH , AM : THIS APPEAL OF ASSESSEE IS ARISING OUT OF THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)] - 49 , MUMBAI [IN SHORT CIT(A)], DATED 27.12.2018 . THE ASSESSMENT WAS FRAMED BY THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 7(3 ), MUMBAI ( IN SHORT ITO / AO) FOR THE A.Y. 2015 - 16 VIDE ORDER DATED 29.12.2017 UNDER SECTION 143(3) OF THE INCOME - TAX ACT, 1961 (HEREINAFTER THE ACT). PAGE | 2 ITA NO. 1538 /MUM/ 201 9 SHRI SHREENIWAS COTTON MILLS LTD.; AY 15 - 16 2 . THE REGISTRY PLACED ON RECORD ASSESSEES LETTERS DATED 10 TH MAY, 2021 WHEREIN IT HAS BEEN SUBMITTED THAT THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUTE FOR BOTH THE ASSESSMENT YEARS UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 AND RECEIVED FORM NO.3 FROM APPROPRIATE AUTHORITY. THE LD. DR SUBMITTED THAT THE APPEAL MAY BE DISMISSED. 3 . IN VIEW OF FOREGOING, THE APPEALS STAND DISMISSED AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF THE APPEALS IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4 . IN THE RESULT, THE APPEAL OF THE AS SESSEE IS DISMISSED AS WITHDRAWN . ORDER PRONOUNCED IN THE OPEN COURT ON 10 . 0 6.2021. SD/ - SD/ - ( /MAHAVIR SINGH) ( . / M. BALAGANESH ) ( / VICE PRESIDENT) ( / ACCOUNTANT MEMBER) , / MUMBAI, DATED: 10 . 06.2021 , . / SUDIP SARKAR, SR.PS PAGE | 3 ITA NO. 1538 /MUM/ 201 9 SHRI SHREENIWAS COTTON MILLS LTD.; AY 15 - 16 / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) 4. / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE. / BY ORDER, //TRUE COPY . / SR. PRIVATE SECRETARY , / ITAT, MUMBAI