ACIT-CIRCLE-5(3)(2), Mumbai V. M/S UNICHEM LABOTATORIES LTD., Mumbai

ITA 2376/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7271 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 15-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUNIL JHA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (VIRTUAL COURT) J BENCH, MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER AND SHRI M. BALAGANESH , HON'BLE ACCOUNTANT MEMBER ITA NO. 2376 /MUM/2019 (A.Y: 2010 - 11) ACIT CIRCLE 5 ( 3)( 2) ROOM NO. 583, AAYAKAR BHAVAN M.K. ROAD, MUMBAI 400 020 PAN: AAACU0551B V . M /S. UNICHEM L ABORATORIES LTD ., UNICHEM B HAVAN, 8 P RABHAT E STATE, S.V. R OAD JO GESHWARI (W) MUMBAI - 400102 (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI A KSHAY J AIN DEPARTMENT BY : SHRI S UNIL J HA DATE OF HEARING : 24 .03.2021 DATE OF PRONOUNCEMENT : 24 .03.2021 O R D E R PER C.N. PRASAD (JM) 1. TH IS APPEAL IS FILED BY THE REVENUE AGAINST ORDER OF THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) 58 , MUMBAI [HEREINAFTER IN SHORT LD.CIT(A)] DATED 14.01.2019 FOR THE A.Y . 2010 - 11 . 2. LD. COUNSEL FOR THE ASSESSEE FILED A LETTER THROUGH MAIL DATED 23 RD M ARCH, 2021 AND SUBMITTED AS UNDER: - 2 ITA NO. 2376 /MUM/2019 (A.Y: 2010 - 11) M /S. UNICHEM L ABORATORIES LTD ., S U B : U NICHEM LABORATORIES L IMITED II ITA.NO. 23 76/ MUM / 2019 ( DEPARTMENT S APPEAL ) II A.Y. 2010 - 11 I I WITHDRAWAL OF APPEAL . THE AFOREMENTIONED DEPARTMENT'S APPEAL IS SCHEDULE FOR HEARING ON 24.03.2021. IN THIS REGARDS, WE WOULD LIKE TO STATE THAT THE ASSESSEE IS DESIROUS OF SETTLING THE LITIGATION UNDER DIRECT TAX VIVAD SE VISHWAS ACT, 2020. THE ASSESSEE HAD FILED F ORM - 1 UNDER THE ACT ON 30.01.2020. NOW THE ASSESSEE IS IN RECEIPT OF FORM - 3 FROM THE PRESCRIBED AUTHORITY. COPY OF FORM 1 AND FORM 3 IS ATTACHED HEREWITH FOR YOUR HONOUR'S REFERENCE AND RECORDS. ACCORDINGLY, WE REQUEST YOU HONOUR TO KINDLY INITIATE NECESSA RY PROCEEDINGS IN THIS REGARDS. WE HOPE THAT OUR REASONABLE REQUEST WILL BE ACCEDED TO. 3. O N A PERUSAL OF THE ABOVE LETTER FILED BY THE ASSESSEE AND ENCLOSED COPY OF FORM - 3 IT IS NOTICED THAT ASSESSEE HAS ALREADY FILED DECLARATION AND UNDERTAKING IN FOR M - 1 UNDER VIVAD SE VISHWAS SCHEME AND RECEIVED FORM - 3 FROM THE REVENUE ACCEPTING THE SAID DECLARATION. ASSESSEE REQUESTED FOR WITHDRAWAL OF THE APPEAL. ACCEPTING THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF APPEAL, TH IS APPEAL IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE VIRTUAL COURT ON 24 .03.2021 SD/ - SD/ - ( M. BALAGANESH ) (C.N. PRASAD) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI / DATED 24 .03.2021 GIRIDHAR, SR.PS 3 ITA NO. 2376 /MUM/2019 (A.Y: 2010 - 11) M /S. UNICHEM L ABORATORIES LTD ., COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY// BY ORDER (ASSTT. REGISTRAR) ITAT, MUM