The Assistant Commissioner of Income Tax, Circle -1 (1), Mangaluru V. M/s Mangalore Refinery Petrochemicals Limited, Mangaluru

ITA 168/PAN/2018

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 5385 (ITAT-PANAJI)
• Duration Of Justice: 3 year(s) 11 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-03-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: WT(D)
• Assessment Year: 2011-2012
• Appeal Filed On: 22-04-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: RANJAN KUMAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI BEFORE DR. M. L. MEENA, ACCOUNTANT MEMBER AND SH. ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. Nos. 167 to 169 and 176 &177/PAN/2018 Assessment Years: 2010-11 to 2014-15 The Assistant Commissioner of Income Tax, Circle 1(1), Mangaluru Vs. M/s Mangalore Refinery Petrochemicals Ltd., Kuthethoor PO, Via Katipalla Mangaluru. [PAN: AAACM 5132A] (Appellant) (Respondent) Appellant by : Sh. Jesus Valan Arasu S, (Executive, Finance) Respondent by: Sh. Ranjan Kumar CIT, DR Date of Hearing: 31.03.2022 Date of Pronouncement: 31.03.2022 ORDER Per Bench: These appeals have been filed by the Revenue against the impugned order dated 20.02.2018 & 27.01.2017 passed by Ld. Commissioner of Income Tax (Appeals), Mangaluru, in respect of the Assessment Years 2010-11 to 2014-15. 2. At the outset, the ld. AR of the assessee has requested for withdrawal of these appeals vide application dated 30.03.2022 stating therein that the assessee has settled the dispute relating to the tax arrears ITA Nos.167 to 169/PAN/2018 & Ors 2 for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020”. A certificate to this effect under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020 has also been filed. 3. The Ld. DR has no objection. 4. In view of the above, we accept the request of the assessees for withdrawal of the appeals. 5. In the result, the appeals filed by the Revenue are dismissed as withdrawn. Order pronounced in the open court on 31.03.2022. Sd/- Sd/- (Anikesh Banerjee) (Dr. M. L. Meena) Judicial Member Accountant Member Date: 31.03.2022 Copy of the order forwarded to: (1) The Appellant: (2) The Respondent: (3) The CIT(Appeals) (4) The CIT concerned (5) The Sr. DR, I.T.A.T True Copy By Order