M/S TIMBLO SHIPYARDS PVT LTD., MUMBAI V. DY CIT CIRCLE- 3 (3)(2), MUMBAI

ITA 33/MUM/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7656 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 02-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIJAY KUMAR MENON
• Section: 143(3)

Judgement Text

ITA NO. 33/MUM/2020 A.Y. 2014 - 15 M/S TIMBLO SHIPYARDS PVT. LTD. VS. DCIT,CIRCLE - 3(3)(2) 1 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH E MUMBAI BEFORE SHRI SHAMIM YAHYA (ACCOUNTANT MEMBER) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) ITA NO. 33/MUM/2020 (ASSESSMENT YEAR: 2014 - 15) M/S TIMBLO SHIPYARDS PVT. LTD. 64, BAJAJ BHAVAN, NARIMAN POINT, MUMBAI 400023 VS. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 3(3)(2) MUMBAI PAN NO. AADCT4852B (ASSESSEE) (REVENUE) ASSESSEE BY : MS. A A RTI SATHE , A.R REVENUE BY : SHRI VIJAY KUMAR MENON , D.R DATE OF HEARING : 14 /01/2021 DAT E OF PRONOUNCEMENT : 14 /01/2021 ORDER PER RAVISH SOOD, J.M: THE PRESENT APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST T HE ORDER PASSED BY THE CIT(A) - 8 , MUMBAI DATED 22.04.2019 , WHICH IN TURN ARISES FROM THE ASSESSMENT ORDER PASSED U/S 143(3) OF THE INCOME - TAX ACT, 1 961 FOR ASSESSMENT YEAR 2014 - 15 . 2. WHEN THIS APPEAL WAS CALLED FOR HEARING, THE LD. AUTHORISED REPRESENTATIVE (FOR SHORT A.R) FOR THE ASSESSEE SUBMITTED THAT THE ASSESS EE HAD OPTED FOR THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 ( 3 OF 2020) AND ITS APPLICATION HAS BEEN ACCEPTED BY THE DEPARTMENT AND FORM 3, DATED 14 TH OCTOBER, 2020 HAS BEEN ISSUED. IN ORDER TO FORTIFY HER AFORESAID CLAIM THE LD. A.R TOOK US THROUGH A LET TER DATED 30 TH DECEMBER, 2020 OF THE ASSESSEE COMPANY. IN THE BACKDROP OF THE AFORESAID FACTS THE LD. A.R REQUESTED THAT THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 3. THE LD. D.R DID NOT RAISE ANY OBJECTION . 4. IN VIEW OF THE ABOVE, WE DISMISS THE APPEAL AS WITHDRAWN . ITA NO. 33/MUM/2020 A.Y. 2014 - 15 M/S TIMBLO SHIPYARDS PVT. LTD. VS. DCIT,CIRCLE - 3(3)(2) 2 5. RESULTANTLY, THE APPEAL IS DISMISSED AS WITHDRAWN . ORDER PRO NOUNCED IN THE OPEN COURT ON 14 /01/2021. SD/ - SD/ - ( SHAMIM YAHYA ) (RAVISH SOOD) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI ; DATED: 14 .01.2021 PS: ROHIT COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A) - 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE . BY ORDER, //TRUE COPY// (SR. PRIVATE SECRETARY) ITAT, MUMBAI