M/s CFL Pharmaceuticals Ltd, Panaji V. DCIT, Cirle - 1(1), Panaji

ITA 163/PAN/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 0203 (ITAT-PANAJI)
• Duration Of Justice: 3 year(s) 3 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 19-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PASSED; ARISE OUT OF SEPARA TE S DATED
• Section: 22; 12; 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI AT PUNE VIRTUAL COURT BEFORE SH RI R.S. SYAL, VICE PRESIDENT AND SH RI S.S.VISWANETHRA RAVI , J UDICIAL MEMBER . / ITA NO S . 163 TO 165 / PA N /201 8 / ASSESSMENT YEAR S : 20 1 2 - 13, 2010 - 11 & 2011 - 12 M/S. CFL PHARMACEUTICALS LTD. (FORMERLY COSME FARMA LABORATORIES LTD.), 5 TH FLOOR, DEMPO TOWER, PATTO PLAZA, PANAJI GOA 403001 PAN : AAACC7387H VS. D CIT, CIRCLE - 1(1), PANAJI GOA / ACIT, CIRCLE - 1(1), PANAJI/ JCIT, RANGE - 1, PANAJI APPELLANT RESPONDENT / ORDER TH ESE 3 APPEAL S BY THE ASSESSEE ARISE OUT OF THE SEPARATE ORDER S DATED 22 - 02 - 2018 & 23 - 02 - 2018 PASSED BY THE CIT(A) - 1 , PANAJI IN RELATION TO THE ASSESSMENT YEAR S 20 1 2 - 13, 2010 - 11 & 2011 - 12 . 2. BEFORE US, THE ASSES SEE HAS FILED LETTER S DATE D 26 - 04 - 2021 SEEKING WITHDRAWAL OF THE APPEAL S . THE RELEVANT CONTENTS OF SUCH LETTER S WHICH IS COMMON TO ALL THE APPEALS (EXCEPT APPEAL PARTICULARS) READ AS UNDER : AGAINST THE ORDER OF HON.CIT(A), PANAJI DATED 22.02.2018, YOUR APPELLANT HAD FILED AN APPE AL BEFORE THE HON.ITAT, PANAJI BENCH, PANAJI ON 20.04.2018 AND HAS BEEN ALLOTTED APPEAL NUMBER AS ITA NO.163/PAN/2018. ASSESSEE BY NONE (WITHDRAWAL APPLICATION) REVENUE BY SHRI PRABHAT JHA DATE OF HEARING 2 2 - 07 - 2021 DATE OF PRONOUNCEMENT 22 - 0 7 - 2021 ITA NO S . 163 TO 165 /PAN/201 8 M/S. CFL PHARMACEUTICALS LTD. 2 YOUR APPELLANT IS AN ELIGIBLE ASSESSEE UNDER DIRECT TAX VIVAD SE VISHWAS ACT, 2020 AND ACCORDINGLY DECLARATION UNDER THE DTVSV SCHEME, 2 020 IN FORM 1 AND FORM 2 WAS FILED ON 23.02.2021. THE SAME IS ACCEPTED BY HON/ PR. COMMISSIONER OF INCOME TAX, PANAJI VIDE ORDER IN FORM 3 BEARING ACK NO.342020160160421 DATED 16.04.2021 (COPY ENCLOSED). YOUR APPELLANT THEREFORE REQUESTS YOUR HONOUR TO K INDLY CONSIDER THIS SUBMISSION FOR WITHDRAWAL OF APPEAL IN VIEW OF PROVISIONS OF DTVSV ACT, 2020. IN VIEW OF THE ABOVE, APPEAL MAY KINDLY BE TREATED AS WITHDRAWN. 3. THE LD. DR DID NOT RAISE ANY OBJECTION TO THE WITHDRAWAL OF THE APPEAL S FILED BY THE A SSESSEE. AS SUCH, THE ASSESSEE IS PERMITTED TO WITHDRAW THE APPEAL S . 4. IN THE RESULT, THE APPEA LS ARE DISMISSED AS WITHDRAWN. O RDER PRONOUNCED IN THE OPEN COURT ON 22 ND JULY , 2021 . SD/ - SD/ - ( S.S.VISWAN ETHRA RAVI ) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT PUNE ; DATED : 22 ND JULY , 2021 /GCVSR / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. 4. THE CIT( A), - 1 , PAN AJI THE PR. CIT - 1 , PANAJI 5 . 6 . DR, ITAT, PANAJI BENCH, PANAJI / GUARD FILE . / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE ITA NO S . 163 TO 165 /PAN/201 8 M/S. CFL PHARMACEUTICALS LTD. 3 DATE 1. DRAFT DICTATED ON 22 - 07 - 2021 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 22 - 07 - 2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR .PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER.