Salasar Yarns Pvt. Ltd., Surat V. The Dy. Commissioner of Income Tax, Circle-2(1)(2), Surat

ITA 2630/AHD/2016

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9996 (ITAT-SURAT)
• Duration Of Justice: 4 year(s) 4 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 13-10-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, HON'BLE JUDICIAL MEMBER AND DR.SHRI ARJUN LAL SAINI, HON'BLE ACCOUNTANT MEMBER (VIRTUAL HEARING) . . ./ I.T.A NO.2630/AHD/2016 [ [ / ASSESSMENT YEAR: 2007-08 SALASAR YARNS PVT. LTD., 5007, WORLD TRADE CENTRE, RING ROAD, SURAT, GUJARAT. [PAN: AAFCS 4194 R] VS . THE DY.CIT, CIRCLE - 2(1)(2), SURAT. / APPELLANT /RESPONDENT [ /ASSESSEE BY SHRI T INISH MODY CA /REVENUE BY SHRI B.PANDA - SR.DR / DATE OF HEARING: 04 . 0 3 .20 2 1 /PRONOUNCEMENT ON: 04 . 0 3 .202 1 /O R D E R PER PAWAN SINGH, JUDICIAL MEMEBER: 1. THIS APPEAL BY ASSESSEE IS DIRECTED AGAINST THE ORDER OF LD.COMMISSIONER OF INCOME TAX(APPEALS)-2, SURAT DATED 20.07.2016 FOR ASSESSMENT YEAR (AY) 2007-08. 2. THE APPEAL CAME UP HEARING ON 4 TH MARCH 2021. THE LD.AR FOR THE ASSESSEE SUBMITS THAT THE ASSESSEE HAS SETTLED DISPUTE WITH THE DEPARTMENT UNDER VIVAD-SE-VISHWAS SCHEME2020 AND RECEIVED FORM-3 OF VIVAD SE VISVAS SCHEME -2020. THE LD. AR OF ASSESSEE PRAYED FOR WITHDRAWAL OF THE APPEAL. 3. THE LD.DEPARTMENTAL REPRESENTATIVE SR.DR APPEARING FOR THE REVENUE HAS NO OBJECTION IF THE APPEAL OF ASSESSEE IS SALASAR YARNS PVT. LTD., VS. DY.CIT, CIRCLE-2(1)(2), SURAT./ ITA NO.2630/AHD/2016 FOR A.Y. 2007-08 2 DISMISSED AS WITHDRAWN. CONSIDERING THE SUBMISSIONS OF THE LD. AR OF THE ASSESSEE, THE ASSESSEE IS ALLOWED TO WITHDRAW HIS APPEAL. RESULTANTLY, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 4 TH MARCH 2021 AT THE TIME OF HEARING OF APPEAL. SD/- SD/- (DR.ARJUN LAL SAINI) (PAWAN SINGH) ( /ACCOUNTANT MEMBER) ( /JUDICIAL MEMBER) / SURAT, DATED : 4 TH MAR 2021 / #SGR COPY OF ORDER SENT TO- ASSESSEE/AO/PR. CIT/ CIT (A)/ ITAT (DR)/GUARD FILE OF ITAT. BY ORDER / / TRUE COPY / / ASSISTANT REGISTRAR, SURAT