REDIFF.COM INDIA LTD., MUMBAI V. ACIT- CIRCLE -8(1)(1), MUMBAI

ITA 3199/MUM/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3451 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 9 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2013-2014
• Appeal Filed On: 14-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIJAY KUMAR SUBRAMANIYAM
• Assessee Lawyers: RAVI CH
• Section: 143(3); 250; 254(2)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUMBAI BEFORE SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER & SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER ITA NO. 3199/MUM/2018 (A.Y: 2013-14) REDIFF.COM INDIA LTD, 1 ST FLOOR, MAHALAXMI ENGINEERING, MAHIM (W) MUMBAI. VS. ACIT 8(1)(1) AAYAKAR BHAVAN, MK ROAD, MUMBAI. ./ ./ PAN/GIR NO. : AAACR2762F APPELLANT .. RESPONDENT APPELLANT BY : SHRI RAVI CH. , AR RESPONDENT BY : SHRI VIJAY KUMAR SUBRAMANIYAM, SR. DR DATE OF HEARING 11 .0 3 .2021 DATE OF PRONOUNCEMENT 11 .0 3 .2021 / O R D E R PER PAVAN KUMAR GADALE: THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE OR DER OF THE COMMISSIONER OF INCOME TAX (APPEALS) - 14 MUMBAI, PASSED U/S. 143(3) AND 250 OF THE INCOME TA X ACT, 1961. 2. AT THE TIME HEARING, THE LD. AR OF THE ASSESSEE SUBMITTED THAT THE ASSESSEE IS INTEND TO SETTLE THE TAX LITIGATION BY OPTING FOR VIVAD SE VISHWAS SCHEME. THE LD.AR HAS FILED A LETTER ON 10.03.2021 MENTIONING THAT ITA NO. 3199/MUM/2018 REDIFF.COM, MUMBAI - 2 - THE ASSESSEE IS INTENDED TO SETTLE THE TAX LITIGAT ION BY OPTING FOR VIVAD SE VISHWAS SCHEME 2020(VSVS2020) CONTRA, THE LD. DR HAS NO OBJECTIONS. 3. WE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. SINCE THE ASSESSEE HAS OPTED F OR VIVAAD SE VISHWAS SCHEME 2020 AND THE LD.AR HAS F ILED THE LETTER. WE ARE OF THE VIEW THAT, NO PURPOSE WIL L BE SERVED IN KEEPING THE APPEAL PENDING. ACCORDINGLY, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN AND THE ASSESSEE IS GIVEN LIBERTY TO MOVE AN APPLICATION U/ S 254(2) OF THE ACT TO RECALL THE PRESENT ORDER IN AC CORDANCE WITH THE PROVISIONS OF LAW. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSE E IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 11.03.2021 SD/- SD/- (MANOJ KUMAR AGGARWAL) (PAVAN KUMAR GADALE) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI, DATED 11.03.2021 KRK, PS ITA NO. 3199/MUM/2018 REDIFF.COM, MUMBAI - 3 - / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) 4. ( ) / CONCERNED CIT 5. '#$%&&' , )* , / DR, ITAT, MUMBAI 6. %-./0 / GUARD FILE. / BY ORDER, '& //TRUE COPY// 1. ( ASST. REGISTRAR) ITAT, MUMBA I