GKN Sinter Metals Pvt. Ltd., Pune V. Asst. Comm. of Income-tax, Pune

ITA 1637/PUN/2011

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2671 (ITAT-PUNE)
• Duration Of Justice: 4 year(s) 2 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 07-12-2015
• Assessment Year: 2007-2008
• Appeal Filed On: 16-12-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: MANOJ PARDASANI
• Keywords: Competent authority
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, PUN E , , !'#'' $ , % & BEFORE SHRI R.K. PANDA, AM AND SHRI VIKAS AWASTHY, JM / ITA NO. 1637/PN/2011 %' ( ')( / ASSESSMENT YEAR : 2007-08 GKN SINTER METALS PVT. LTD., 146, NEAR DR. BECK, MUMBAI-PUNE ROAD, PIMPRI, PUNE-411018 PAN : AAACM4432H ....... / APPELLANT ' / V/S. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 9, PUNE / RESPONDENT ASSESSEE BY : SHRI MANOJ PARDASANI REVENUE BY : SHRI AVADESH KUMAR / DATE OF HEARING : 08-03-2016 / DATE OF PRONOUNCEMENT : 08-03-2016 * / ORDER PER VIKAS AWASTHY, JM : THE APPEAL HAS BEEN FILED BY THE ASSESSEE AGAINST THE AS SESSMENT ORDER DATED 20-10-2011 PASSED U/S. 143(3) R.W.S. 144C(13) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE AC T) FOR THE ASSESSMENT YEAR 2007-08. 2. SHRI MANOJ PARDASANI APPEARING ON BEHALF OF THE ASSESS EE STATED THAT IN VIEW OF SETTLEMENT ARRIVED AT MUTUAL AGREEMENT PR OCEDURE (MAP) 2 ITA NO. 1637/PN/2011, A.Y. 2007-08 BETWEEN THE COMPETENT AUTHORITY OF UNITED KINGDOM AND I NDIA, THE ISSUES RAISED IN THE APPEAL HAVE BEEN RESOLVED. THEREFORE , THE ASSESSEE MAY BE PERMITTED TO WITHDRAW THE APPEAL FOR ASSESSMENT YEAR 200 7-08. 3. SHRI AVADESH KUMAR REPRESENTING THE DEPARTMENT SUBMITTE D THAT THE DEPARTMENT HAS NO OBJECTION IN CASE THE ASSESSEE WISHES TO WITHDRAW THE APPEAL. 4. BOTH SIDES HEARD. IN VIEW OF THE STATEMENT MADE BY THE LD. AR OF THE ASSESSEE AT BAR, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT AFTER HEARING OF THE APPEAL ON TUESDAY, THE 08 TH DAY OF MARCH, 2016. SD/- SD/- ( . . / R.K. PANDA) ( ! ' / VIKAS AWASTHY) #' / ACCOUNTANT MEMBER $ % #' / JUDICIAL MEMBER / PUNE; &# / DATED : 08 TH MARCH, 2016 RK *+,%-.#/#)- / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. DRP, PUNE. 4. DIT (INTL. TAXATION), PUNE 5. !'( %%)* , )* , + +,- , / DR, ITAT, B BENCH, PUNE. 6. ( . /0 / GUARD FILE. // ! % // TRUE COPY// #1 / BY ORDER, %2 )- / PRIVATE SECRETARY, )* , / ITAT, PUNE