SAPPHIRE LAND DEVELOPEMNT P.LTD, MUMBAI V. DCIT CEN CIR 37, MUMBAI

ITA 2747/MUM/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0044 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 8 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 17-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA L D
• Section: 201; 12

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUMBAI , , BEFORE HONBLE SHRI C.N. PRASAD , JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO . 2747 / MUM/ 2017 ( / ASSESSMENT YEAR S : 201 1 - 12 ) M/S SAPHHIRE LAND DEV. PVT. LTD. 203, CAPRI ANANT KANEKAR MARG BANDRA (E), MUMBAI 4000 5 1 / V S. DCIT - CIR. 5(4) MUMB AI ./ ./ PAN/GIR NO. A AACS - 7785 - H ( / APPELLANT ) : ( / RESPONDENT ) ASSESSEE BY : EMAIL DATED 25/12/2020 REVENUE BY : SHRI T.S.KHALSA - L D. SR. DR / DATE OF HEARING : 28 /12/2020 / DATE OF PRONOUNCEMENT : 28/12/2020 / O R D E R PER MANOJ KUMAR AGGARWAL (AM) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 201 1 - 12 CONTEST THE ORDER OF LEARNED FIRST APPELLATE AUTHORITY ON CERTAIN GROUNDS OF APPEAL. 2. THE LD . AR, HAS SENT AN EMAIL ON 25/12/2020 STATING THAT THE ASSESSEE HAS ALREADY OPTED FOR VIVAD SE VISHWAS SCHEME (VVS SCHEME) FOR THIS YEAR AND FILED REQUISITE DECLARATION. ACCORDINGLY, THE APPEAL I S BEING WITHDRAWN. THE LD. DR DID NOT OBJECT TO THE SAME. 2 3. ACCORDINGLY, THE APPEAL STAND DISMISSED AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF THE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STAND DISMISSED AS WITHDRAWN. O RDER PR ONOUNCED ON 28 TH DECEMBER, 2020. SD/ - SD/ - SD/ - ( C.N.PRASAD ) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 28/12/2 020 S R.PS , SUDIP SARKAR / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI .