T.V.Sundaram Iyengar & Sons Private Limited, Madurai V. DCIT Corporate Circle 2, Madurai

ITA 1574/CHNY/2017

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 6785 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 5 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-12-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2007-2008
• Appeal Filed On: 19-06-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: K.N.DHANDAPANI

Judgement Text

आयकर अपील सं./ITA Nos.1574 & 1576/Chny/2017 िनधा रण वष /Assessment Years: 2007-08 & 2009-10 M/s.T.V.Sundram Iyengar & Sons Pvt. Ltd., (formerly known as T.V.Sundram Iyengar & Sons Ltd) 7-B, West Veli Street, Madurai-625 001. v. The Dy. Commissioner of Income Tax, Corporate Circle-2, Madurai. [PAN: AABCT 0159 K] (अपीलाथ /Appellant) ( थ /Respondent) अपीलाथ की ओर से/ Appellant by : Mr.N.V.Balaji, Adv. थ की ओर से /Respondent by : Mr.K.N.Dhandapani, Addl.CIT सुनवाई की तारीख/Date of Hearing : 08.12.2021 घोषणा की तारीख /Date of Pronouncement : 08.12.2021 आदेश / O R D E R PER G. MANJUNATHA, ACCOUNTANT MEMBER: These appeals filed by the assessee are directed against the order of the Commissioner of Income Tax (Appeals)-1, Madurai, dated 24.03.2017 & 19.04.2017 pertains to assessment years 2007-08 & 2009-10 respectively. 2. We have heard the ld.AR for the assessee and the ld. DR and also perused the materials available on record. At the time of hearing, learned counsel for the assessee has filed a letter along with Form No.3 आयकर अपीलीय अिधकरण, ‘बी’ "ायपीठ, चे%ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI माननीय ी महावीर िसंह, उपा , एवं माननीय )ी जी. मंजूनाथा, , लेखा सद* के सम BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ITA Nos.1574 & 1576/Chny/2017 :: 2 :: issued by the Department under ‘Vivad se Vishwas Scheme, 2020’ and submitted that the assessee has availed the VSVS scheme to settle its pending disputes. The ld.AR for the assessee further submitted that the Department has accepted applications filed by the assessee and issued Form 3 quantifying amount of taxes payable under VSVS scheme. Therefore, the ld.AR for the assessee submitted that the assessee may be permitted to withdraw the appeals. The ld.DR on the other hand has no objection for withdrawing appeals filed by the assessee. Therefore, considering the fact that the assessee has filed application for withdrawal of appeals and has also filed Form 3 issued by the Department, we dismiss the appeals filed by the assessee as withdrawn. However, a liberty is given to the assessee to restore the appeals, in case the application filed by the assessee before the Designated Authority, is rejected for any reason. 3. In the result, the appeals filed by the assessee are dismissed as withdrawn. Order pronounced on the 08 th day of December, 2021, in Chennai. Sd/- ( महावीर िसंह) (MAHAVIR SINGH) उपा /VICE PRESIDENT Sd/- (जी. मंजूनाथा) (G. MANJUNATHA) लेखा सद*/ACCOUNTANT MEMBER ITA Nos.1574 & 1576/Chny/2017 :: 3 :: चे%ई/Chennai, िदनांक/Dated: 08 th December, 2021. TLN आदेश की ितिलिप अ+ेिषत/Copy to: 1. अपीलाथ /Appellant 4. आयकर आयु,/CIT 2. थ /Respondent 5. िवभागीय ितिनिध/DR 3. आयकर आयु, (अपील)/CIT(A) 6. गाड फाईल/GF