M/s A.C. & S. Securities Ltd., Ludhiana V. ITO, Ludhiana

ITA 268/CHANDI/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2167 (ITAT-CHANDIGARH)
• Duration Of Justice: 4 year(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2012-2013
• Appeal Filed On: 09-02-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C CHANDRAKANTA CIT

Judgement Text

ITA NO NO. 268-C2017 M/S A.C. & S. SECURITIES LTD., LUDHIANA 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH, A CHANDIGARH , !' # $ % &' , '( BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND MS. ANNAPURNA GUPTA, ACCOUNTANT MEMBER ITA NO. 268/CHD/2017 ASSESSMENT YEAR : 2012-13 M/S A.C. & S. SECURITIES LTD. 136-E, NEW KITCHLU NAGAR, HAMBARAN ROAD, LUDHIANA. THE ITO,, WARD-IV(1), LUDHIANA. ./PAN NO: AABCA4116D /APPELLANT RESPONDENT ! ' /ASSESSEE BY : SHRI ASHWANI KUMAR (C.A.) # ! ' / REVENUE BY : SMT. C. CHANDRA KANTA (CIT) $ % ! & /DATE OF HEARING : 04/03/2021 '()* ! & /DATE OF PRONOUNCEMENT : 04/03/2021 (HEARING THROUGH VIDEO CONFERENCING) ')/ ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN FILED BY THE ASSESSEE CHALLENGING THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS)- II, LUDHIANA, (HEREINAFTER REFERRED TO AS CIT(A)- ITA NO NO. 268-C2017 M/S A.C. & S. SECURITIES LTD., LUDHIANA 2 ) DATED 25.11.2016 FOR THE ASSESSMENT YEAR 2012-13, PASSED U/S 250(6) OF THE INCOME TAX ACT,1961( IN SHORT ACT). 2. AT THE OUTSET LD. COUNSEL FOR THE ASSESSEE STAT ED THAT IT HAD APPLIED FOR SETTLEMENT OF THE DISPUTE UNDER THE VIVAD SE VISHWAS SCHEME- 2020,WHICH STOOD ACCEPTED BY THE DEPARTMENT ,HAVING ISSUED FORM-3 ,DATED 31/12/2020 ,TO THE ASSESSEE. COPY OF THE SAME WAS FILED BEFORE US. LD. COUNSEL FOR THE ASSESSEE S TATED THAT THE DISPUTE WOULD STAND SETTLED ONLY ON PAYMENT OF THE TAXES DUE AS STATED IN FORM -3 AND SINCE THE ASSESSEE WAS MAKING NECESSARY ARRANGEMENTS FOR PAYMENT OF THE SA ME, IT MAY BE ALLOWED CONDITIONAL WITHDRAWAL OF THE APPEAL,WITH THE LIBERTY TO GET IT RESTORED IN CASE THE ASSESSEE IS UNABLE TO FINALLY SETTLE THE DISPUTE ON ACCOUNT OF NON PAYMEN T OF TAXES OR ANY OTHER REASON. THE LD. DR DID NOT RAISE ANY OBJECTION TO THE SAM E. 3. IN VIEW OF THE ABOVE THEREFORE THE APPEAL OF THE ASSESSEE IS DISMISSED, WITH THE LIBERTY GRANTED TO THE ASSESSEE TO GET THE APPEAL RESTORED IN CASE IT IS UNABLE TO SETTLE THE DISPUTE UNDER VIVAD SE VISHWAS SCHEME-2020. (ORDER PRONOUNCED IN THE OPEN COURT ON 04 /03/2021 ) SD/- S D/- # $ % &', (SANJAY GARG ) ( ANNAPURNA GUPT A) / JUDICIAL MEMBER '( / ACCOUNTANT MEMBER DATE: 04 /03/2021 SANTOSH (+! ,-.- COPY OF THE ORDER FORWARDED TO : ITA NO NO. 268-C2017 M/S A.C. & S. SECURITIES LTD., LUDHIANA 3 1. THE APPELLANT 2. THE RESPONDENT 3. $ / CIT 4. $ / 01 THE CIT(A) 5. -2 45&456789 DR, ITAT, CHANDIGARH 6. 8:% GUARD FILE (+ $ BY ORDER, ; # ASSISTANT REGISTRAR