Appeal details
Counselvise Citation
[2023] 102 COUNSELVISE.COM (IT) 3735 (ITAT-MUMBAI)
Assessee PAN
Bench
Appeal Number
Duration Of Justice
7 year(s) 3 month(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
03-07-2023
Appeal Filed By
Assessee
Order Result
Dismissed
Bench Allotted
J
Next Hearing Date
03-07-2023
Assessment Year
2011-2012
Appeal Filed On
03-04-2016
Judgement Text
1 ITA 2152/Mum/2016 M/s wild Flavors (India) Pvt Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “J”, MUMBAI BEFORE VIKAS AWASTHY (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.2152/Mum/2016 (Assessment year 2011-12) Wild Flavors (India) Limited [Formerly known as A.M. Todd Company Private Limited] Kal3donia (HDIL-Building) B-Wing, 7 th Floor, Office No.4A, Sahar Road Andheri-East, Mumbai-400 069 PAN : AAACI4884P vs The Deputy Commissioner of Income-tax, circle 1(1)(1), Mumbai Room No.533/579, 5 th Floor, Aayakar Bhavan, Mumbai-400 020 APPELLANT RESPONDENT Assessee represented by None Department represented by Shri Pankaj Kumar (Sr.Ar.CIT) Date of hearing 04-07-2023 Date of pronouncement 04-07-2023 O R D E R PER : MS PADMAVATHY S. (AM) This appeal is against the final order of assessment passed by the DCIT, Circle-1(1)(1), Mumbai under section 143(3) read with section 144C(13) of the Income-tax Act, 1961 (in short, ‘the Act’) dated 3/12/2015 for A.Y. 2011-12. 2. The assessee, vide letter dated 09/02/2021 has submitted that the assessee has opted for Vivad se Vishwas Scheme (VSVS) for settlement of tax dispute with respect to the appeal under consideration and, therefore, the assessee wishes to 2 ITA 2152/Mum/2016 M/s wild Flavors (India) Pvt Ltd withdraw the appeal. The Ld.DR confirmed the status of VSVS by obtaining a report from the field. 3. We perused the letter filed alongwith the relevant annexures and find that the assessee has settled the impugned issue under and the Vivad Se Vishwas Act,2020 and the authorities have issued the full and final settlement in Form 5. Accordingly, the appeal is dismissed as withdrawn. 3. In the result, the appeal is dismissed, as withdrawn. Order pronounced in the open court at the time of hearing on 04/07/2023. Sd/- sd/- (VIKAS AWASTHY) (PADMAVATHY S) JUDICIAL MEMBER ACCOUNTANT MEMBER Mumbai, Dt : 04 th July, 2023 Pavanan प्रतितिति अग्रेतििCopy of the Order forwarded to : 1. अिीिार्थी/The Appellant , 2. प्रतिवादी/ The Respondent. 3. आयकर आयुक्त CIT 4. तवभागीय प्रतितिति, आय.अिी.अति., मुबंई/DR, ITAT, Mumbai 6. गार्ड फाइि/Guard file. BY ORDER, //True Copy// Asstt. Registrar / Senior Private Secretary ITAT, Mumbai 3 ITA 2152/Mum/2016 M/s wild Flavors (India) Pvt Ltd
AI Insights
The case involves Wild Flavors (India) Pvt Ltd, which appealed against an order of assessment by the Deputy Commissioner of Income-tax, Mumbai. The assessment was made under section 143(3) read with section 144C(13) of the Income-tax Act, 1961. The assessee decided to withdraw the appeal after opting for the Vivad se Vishwas Scheme, a government initiative aimed at resolving pending tax disputes. The Department of Revenue confirmed the settlement, leading to the dismissal of the appeal.
