DCIT, CENTRAL CIRCLE 2(1), PUNE V. POONA DAL AND OIL INDUSTRIES PRIVATE LIMITED, PUNE

ITA 26/PUN/2020

• Counselvise Citation: [2022] 107 COUNSELVISE.COM (IT) 0052 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 4 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-06-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 12-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, PUNE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. GODARA, JUDICIAL MEMBER ITA No. 26/PUN/2020 : A.Y. 2011-12 The Dy. CIT Cent. Cir. 2(1), Pune Appellant Vs. Poona Dal and Oil Industries Pvt. Ltd. 103-104 Industrial Estate, Hadapsar, PUNE – 411 013 PAN : AABCP 2950 L Respondent Appellant by : Shri M.G. Jasnani Respondent by : Shri Suhas Bora Date of Hearing : 01-06-2022 Date of Pronouncement : 06-06-2022 ORDER PER S.S. GODARA, JM : This Revenue‟s appeal for AY 2011-12 is against the order of the CIT(A) 12, Pune dated 28-10-2019 passed in case No. PN/CIT(A)-12/10268/2018-19 involving proceedings under Section 143(3) r.w.s. 147 of the Income Tax Act, 1961, in short “the Act”. 2. Heard both the parties. Case file perused. 3. It emerges at the outset that the assessee has placed on record its letter dated today itself to have availed for settlement under Direct Tax Vivad Se Vishwas Scheme 2020 regarding the dispute in the issue canvassed at the revenue‟s behest in the instant appeal. It has further filed on record form Nos. 3 and 5 issued by the designated authority dated 26-10-2020. The Revenue is very fair in not disputing correctness of this intervening settlement development. We thus accept the assessee‟s above stated letter and dismiss the Revenue‟s appeal hereinabove as rendered infructuous. 3. This Revenue‟s appeal is dismissed as rendered infructuous in above terms. Order pronounced in the open Court on this 6 th June 2022. Sd/- sd/- (R.S. SYAL) (SATBEER SINGH GODARA) VICE PRESIDENT JUDICIAL MEMBER Pune; Dated : 06 th June 2022 Ankam 2 ITA No. 26/PUN/2020 Poona Dal & Oil Industries Pvt. Ltd. A.Y. 2011-12 Copy of the Order forwarded to : 1. The Appellant. 2. The Respondent. 3. The Pr. CIT Central, Pune 4. The CIT(A)-12 Pune 5. The D.R. ITAT „B‟ Bench Pune. 5. Guard File BY ORDER, /// TRUE COPY/// Sr. Private Secretary ITAT, Pune 3 ITA No. 26/PUN/2020 Poona Dal & Oil Industries Pvt. Ltd. A.Y. 2011-12 Date 1 Draft dictated on 01-06-2022 Sr.PS/PS 2 Draft placed before author 01-06-2022 Sr.PS/PS 3 Draft proposed and placed before the second Member JM/AM 4 Draft discussed/approved by second Member AM/JM 5 Approved draft comes to the Sr. PS/PS Sr.PS/PS 6 Kept for pronouncement on 06-06-2022 Sr.PS/PS 7 Date of uploading of order 06-06-2022 Sr.PS/PS 8 File sent to Bench Clerk 06-06-2022 Sr.PS/PS 9 Date on which the file goes to the Head Clerk 10 Date on which file goes to the A.R 11 Date of dispatch of order