Subh Luxmi Securities Pvt. Ltd. (Now M/s Indian Securities Ltd.), Delhi V. ACIT, CC, Patiala

ITA 1583/CHANDI/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5334 (ITAT-CHANDIGARH)
• Duration Of Justice: 3 year(s) 5 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 06-05-2021
• Assessment Year: 2005-2006
• Appeal Filed On: 17-11-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ASHOK KHANNA CIT

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH B, CHANDIGARH (VIRTUAL COURT) .., ! '# .. , $ %& BEFORE: SHRI. N.K.SAINI, VP & SHRI R.L. NEGI, JM ITA NO. 1583/CHD/2017 ASSESSMENT YEAR : 2005-06 SUBH LUXMI SECURITIES PRIVATE LIMITED, NOW: M/S INDIAN SECURITIES LIMITED, 209, SECOND FLOOR, CHAWRI BAZAR, DELHI. THE A.C.I.T., CENTRAL CIRCLE, PATIALA. PAN NO: AAACS 4569 F APPELLANT RESPONDENT !' ASSESSEE BY : SHRI ASHWANI KUMAR, CA #!' REVENUE BY : SHRI ASHOK KHANNA, ADDL.CIT $ %! & DATE OF HEARING : 06/05/2021 '()*! & DATE OF PRONOUNCEMENT : 06/05/2021 %'/ ORDER PER N.K. SAINI, VICE PRESIDENT THIS IS AN APPEAL BY THE ASSESSEE AGAINST THE ORDER DAT ED 17/08/2017 OF LD. CIT(A)-5, LUDHIANA. 2. IN THE PRESENT CASE, THE LD. COUNSEL FOR THE ASSES SEE HAS FURNISHED AN APPLICATION FOR WITHDRAWAL OF THIS APPEAL STATING THEREIN AS UNDER: SUB: REQUESTS FOR PERMISSION TO WITHDRAW ITA NO. 1 583/CHD/17 IN THE CASE OF SHUBH LUXMI SECURITIES LTD.- NOW M/S INDIAN SECURIT IES LTD. SIR, RESPECTFULLY IT IS PRAYED THAT PERMISSION MAY KIND LY BE GRANTED TO THE APPELLANT TO WITHDRAW THE ABOVE MENTIONED APPEAL WH ICH IS LISTED FOR HEARING FOR 06/05/2021. THE APPELLANT HAS OPTED TO AVAIL THE BE NEFIT OF VIVAD SE VISHWAS SCHEME AND COPY OF FORM NO. 3 ISSUED BY THE LD. PR. CIT, PATIALA IS ENCLOSED. THANKING YOU. 2 ITA 1583/CHD/2017 SUBH LUXMI SECURITIES P LTD. VS ACIT YOURS FAITHFULLY SD/- ASHWANI, C.A. COUNSEL FOR THE APPELLANT. 3. DURING THE COURSE OF HEARING THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT SINCE THE ASSESSEE HAS AVAILED THE IMMUNITY SCHEME I .E. VIVAD SE VISHWAS AND THE INCOME TAX DEPARTMENT HAS ISSUED FORM NO. 3 BEARING CE RTIFICATE N O . 345896050280421 IN RESPONSE TO THE APPLICATION FILED BY THE ASSESSEE, U NDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020, THEREFORE THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 4.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 ASSESSEE IS DISMISSED AS WITHDRAWN. 5. IN VIEW OF THE ABOVE THE APPEAL OF THE ASSESSEE IS D ISMISSED AS WITHDRAWN. 6. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. (ORDER PRONOUNCED IN THE OPEN COURT ON 06/05/2021) SD/- SD/- .. .., (R.L. NEGI) (N.K. SAINI ) $ %&/ JUDICIAL MEMBER ! / VICE PRESIDENT DATE: 06/05/2021 *RANJAN (+! ,-.- COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. $ / CIT 4. $ / 01 THE CIT(A) 5. -2 45&456789 DR, ITAT, CHANDIGARH 6. 8:% GUARD FILE