M/S. FULCRUM STARTUP, CHENNAI V. ITO, NCW - 15 (1), CHENNAI

ITA 1902/CHNY/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4089 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 05-10-2021
• Assessment Year: 2015-2016
• Appeal Filed On: 24-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

./ ITA NO.1902/CHNY/2019 /ASSESSMENT YEAR: 2015-16 M/S.FULCRUM STARTUP, #14, 3 RD FLOOR, KALAKSHETRA ROAD, THIRUVANMIYUR, CHENNAI-600 041. V . THE INCOME TAX OFFICER, NON-CORPORATE WARD-15(1), CHENNAI. [ PAN: AABFF 7318 P ] ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR.S.SRIDHAR, ADV. /RESPONDENT BY : MR.G.JOHNSON, ADDL.CIT /DATE OF HEARING : 05.10.2021 /DATE OF PRONOUNCEMENT : 06.10.2021 / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: THE ASSESSEE FILED THIS APPEAL AGAINST THE ORDER O F THE COMMISSIONER OF INCOME TAX (APPEALS)-15, CHENNAI, IN ITA NO.226/ 2017-18/CIT(A)-15 DATED 24.04.2019 FOR THE AY 2015-16. 2. BY FILING FORM NO.5, IT WAS THE SUBMISSION OF TH E LEARNED COUNSEL FOR THE ASSESSEE THAT THE ASSESSEE PAID THE DUES UNDER VIVAD SE VISHWAS SCHEME AND THE DESIGNATED AUTHORITY HAS ISSUED FORM NO.5 ON 12.01.2021. THUS, IT WAS PRAYED FOR WITHDRAWAL OF THE APPEAL FI LED BY THE ASSESSEE. , , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: CHENNAI . . , . , , BEFORE SHRI DUVVURU R.L. REDDY, JUDICIAL MEMBER AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ITA NO.1902/CHNY/2019 :: 2 :: AGAINST WHICH, THE LEARNED DR FAIRLY CONCEDED THE S UBMISSIONS OF THE LEARNED COUNSEL. 3. WE HAVE HEARD BOTH THE SIDES, PERUSED THE MATER IALS AVAILABLE ON RECORD AND GONE THROUGH THE FORM NO.5. 4. WE FIND THAT THE ASSESSEE HAS ALREADY PAID THE D UES UNDER VIVAD SE VISHWAS SCHEME, THEREBY, THE DESIGNATED AUTHORITY H AS ISSUED FORM NO.5 AND THUS, THE APPEAL FILED BY THE ASSESSEE IS LIABL E TO BE DISMISSED AS WITHDRAWN. ACCORDINGLY, THE APPEAL FILED BY THE AS SESSEE IS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IN ITA NO.1902/CHNY/2019 IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON THE 06 TH DAY OF OCTOBER, 2021, IN CHENNAI. SD/- SD/- ( . ) ( G. MANJUNATHA ) /ACCOUNTANT MEMBER ( . . ) (DUVVURU R.L. REDDY) /JUDICIAL MEMBER /CHENNAI, /DATED: 06 TH OCTOBER, 2021. TLN /COPY TO: 1. /APPELLANT 4. ' /CIT 2. /RESPONDENT 5. /DR 3. ' ( ) /CIT(A) 6. /GF