INDO SAUDI TRADING CO. LTD., MUMBAI V. DY CIT, CIRCLT-3(2)(1), MUMBAI

ITA 1928/MUM/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4104 (ITAT-MUMBAI)
• Duration Of Justice: 10 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 18-11-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO. 1928/MUM/2020 ASSESSMENT YEAR: 2014 - 15 PAGE 1 OF 2 INCOME TAX APPELLATE TRIBUNAL MUMBAI C BENCH, MUMBAI [CORAM: PRAMOD KUMAR, VICE PRESIDENT AND RAVISH SOOD, JUDICIAL MEMBER] ITA NO. 1928/MUM/2020 ASSESSMENT YEAR: 2014 - 15 INDO SAUDI TRADING COMPANY LTD. .. APPELLANT 202 EMBASSY CENTRE, NARIMAN POINT, MUMBAI - 400 021, [PAN: AAACI7877C] VS. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(1) MUMBAI .RESPONDENT APPEARANCES: PRIYANKA SHARMA FOR THE APPELLANT SHREEKALA PARDESHI FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING : OCTOBER 06, 2021 DATE OF PRONOUNCEMENT : OCTOBER 06, 2021 O R D E R PER PRAMOD KUMAR, VP : 1. THE ASSESSEE HAS MOVED PETITION SEEKING WITHDRAWAL OF THE APPEAL AND THE ASSESSEE HAS ALSO FILED FORM NO. 3, ON THE GROUND THAT THE MATTER IS SETTLED UNDER VIVAD SE VISHWAS SCHEME 2020. 2. LEARNED DEPARTMENTAL REPRESENTATIVE DOES NOT OPPOSE THE PRAYER SO MADE BY THE ASSESSEE. 3. THERE IS NO DISPUTE THAT ONCE THE MATTER IS RESOLVED UN DER VIVAD SE VISHWAS SCHEME 2020, THE RELATED APPEAL IS REQUIRED TO BE WITHDRAWN. ITA NO. 1928/MUM/2020 ASSESSMENT YEAR: 2014 - 15 PAGE 2 OF 2 4. IN VIEW OF THE ABOVE POSITION, AS ALSO BEARING IN MIND ENTIRETY OF THE CASE, WE DEEM IT FIT AND PROPER TO DISMISS THE APPEAL AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL I S DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT TODAY ON THE 06 TH OCTOBER, 2021. RAVISH SOOD PRAMOD KUMAR (JUDICIAL MEMBER) (VICE PRESIDENT) MUMBAI, DATED THE 06 TH DAY OF OCTOBER, 2021 COPIES TO: (1) THE APPLICANT (2) THE RESPONDENT (3) CIT (4) CIT(A) (5) DR (6) GUARD FILE BY ORDER TRUE COPY ASSISTANT REGISTRAR/SR.PS INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI