M/s V. M. Salgaocar & Brothers (P) Ltd., Vasco V. The Deputy Commissioner of Income Tax, Circle-2 , Margao

ITA 207/PAN/2019

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 4377 (ITAT-PANAJI)
• Duration Of Justice: 4 year(s) 7 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-01-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: WT(D)
• Next Hearing Date: 09-10-2023
• Assessment Year: 1999-2000
• Appeal Filed On: 29-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: P.S. SHIVSHANKAR
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH : PANAJI [THROUGH VIRTUAL HEARING AT PUNE] BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER I.T.A.No.207/PAN./2019 - Assessment Year 1999-2000 V.M. Salgaocar and Brother Private Limited, P.B.No.14, Salgaocar House, Dr. F.L. Gomes Road, Vaso da Gama. Goa PIN – 403 802 PAN AAACV5950B vs. The Dy. Commissioner of Income Tax, Circle-2, Aayakar Bhavan, Patto, Panaji. State Goa. (Applicant) (Respondent) For Assessee : Shri Ketan Ved For Revenue : Shri P.S. Shivshankar, CIT-DR Date of Hearing : 10.10.2023 Date of Pronouncement : 08.01.2024 ORDER PER DR. DIPAK P. RIPOTE, A.M. : This is an appeal filed by the assessee against the order of ld. Commissioner of Income-tax (Appeal), Panaji-1, Panaji, dated 28.03.2019 emanating from assessment order under section 143(3) r.w.s. 254 of the Income Tax Act, 1961 (in short "the Act") dated 13.12.2011 for A.Y.1999-2000. 2. Learned AR filed written submissions part of which is reproduced as under : 2 I.T.A.No.207/PAN./2019 d. “As the thing stands today, vide an order giving effect dated March 26, 2022 the issue in present appeal has been decided in favor of the Appellant by the learned AO.” 3. Learned AR submitted that assessee intends to withdraw the appeal, to which, Learned DR has no objection. 4. We, therefore, dismiss the appeal of the assessee as withdrawn. Order pronounced in the open Court on 08.01.2024. Sd/- Sd/- [SATBEER SINGH GODARA] [DR. DIPAK P. RIPOTE] JUDICIAL MEMBER ACCOUNTANT MEMBER Pune, Dated 08 th January, 2024 VBP/- Copy to 1. The applicant 2. The respondent 3. The CIT(A), Panaji-1, “Aayakar Bhavan”, Plot No.5, EDC Complex, Patto Plaza, Panaji-403 001. 4. The CCIT, Panaji. 5. D.R. ITAT, Panaji Bench, Panaji. 6. Guard File. //By Order// //True Copy // Assistant Registrar, ITAT, Pune Benches, Pune.