FIDELITY MULTITRADE P.LTD, MUMBAI V. ITO WD 1(1)(3), MUMBAI

ITA 3114/MUM/2015

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 2619 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 4 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-10-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 22-05-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SHRIRAM BAJAJ
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL 'F' BENCH, MUMBAI BEFORE SHRI JASON P. BOAZ, ACCOUNTANT MEMBER AND SHRI SANDEEP GOSAIN , JUDICIAL MEMBER ITA NO. 3114/MUM/2015 (ASSESSMENT YEAR: 2010-11) M/S. FIDELITY MULTITRADE P. LTD. VS. INCOME TAX OFFICER - 1(1)(3) 3/3A, CHURCHGATE HOUSE 32/34, VEER NARIMAN ROAD FORT, MUMBAI 400001 ROOM NO. 531 - A, 5 TH FLOOR AAYAKAR BHAVAN, M.K. ROAD MUMBAI 400020 PAN AABCF0017A APPELLANT RESPONDENT APPELLANT BY: SHRI SHRIRAM BAJAJ RESPONDENT BY: SHRI G.M. DOSS DATE OF HEARING: 03.10.2016 DATE OF PRONOUNCEMENT: 03.10.2016 O R D E R PER JASON P. BOAZ, A.M. THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER PASSED UNDER SECTION 263 OF THE INCOME TAX ACT, 1961 (IN SHORT, 'THE ACT') VIDE ORDER DATED 20.03.2015 FOR A.Y. 2010-11. 2. AT THE OUTSET OF HEARING OF THE APPEAL TODAY, THE L EARNED COUNSEL FOR THE ASSESSEE SUBMITTED A LETTER DATED 03.10.2016 AD DRESSED TO THE BENCH BY THE DIRECTOR OF THE ASSESSEE COMPANY SEEKING PER MISSION TO WITHDRAW THIS APPEAL. THIS LETTER READS AS UNDER: - OCTOBER 3, 2016 THE HON'BLE MEMBERS INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH F MUMBAI RE: FIDELITY MULTITRADE PVT. LTD. ITA NO.: 3114/MUM/2015 (ASSESSMENT YEAR: 2010-11) SUB: REQUEST FOR PERMISSION FOR WITHDRAWAL OF APPEA L ITA NO. 3114/MUM/2015 M/S. FIDELITY MULTITRADE P. LTD. 2 MAY IT PLEASE YOUR HONOURS THIS HAS REFERENCE TO THE CAPTIONED APPEAL HEARING OF WHICH IS FIXED BEFORE YOUR HONOURS ON 03.10.2016. IN THIS CONNECTI ON WE, THE APPELLANT, CRAVE LEAVE OF YOUR HONOUR FOR WITHDRAWA L OF THE SAID APPEAL. YOUR HONOURS FAITHFULLY, FOR FIDELITY MULTITRADE PVT. LTD. SD/- DIRECTOR APPELLANT 3. IN VIEW OF THE LETTER OF THE DIRECTOR OF ASSESSEE C OMPANY (SUPRA), WE DISMISS THIS APPEAL OF THE ASSESSEE FOR A.Y. 2010-1 1 (INCLUDING THE GROUNDS RAISED) AS WITHDRAWN. 4. IN THE RESULT, THE ASSESSEES APPEAL FOR A.Y. 2010- 11 IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 3 RD OCTOBER, 2016. SD/ - SD/ - (SANDEEP GOSAIN) (JASON P. BOAZ) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED: 3 RD OCTOBER, 2016 COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT - 1, MUMBAI 4. THE DR, F BENCH, ITAT, MUMBAI BY ORDER //TRUE COPY// ASSISTANT REGISTRAR ITAT, MUMBAI BENCHES, MUMBAI N.P.