ROSELAB FINANCE LTD, MUMBAI V. DCIT CEN CIR 7(3), MUMBAI

ITA 3321/MUM/2019

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9531 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 7 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2015-2016
• Appeal Filed On: 17-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO. 3321/MUM/2019 ASSESSMENT YEAR: 2015-16 PAGE 1 OF 3 INCOME TAX APPELLATE TRIBUNAL MUMBAI D BENCH, MUMBAI [CORAM: PRAMOD KUMAR, VICE PRESIDENT, AND, C. N. PRASAD, JUDICIAL MEMBER] ITA NO. 3321/MUM/2019 ASSESSMENT YEAR: 2015-16 ROSELABS FINANCE LIMITED .. APPELLANT 412, FLOOR-4, 17G VARDHAMAN CHAMBER, CAWASJI PATEL ROAD, HORNIMAN CIRCLE, FORT, MUMBAI-400 001 [PAN: AAACR 9134 M] VS. DY. CIT-CENTRAL CIRCLE 7(3) .RESPONDEN T MUMBAI APPEARANCES: WITHDRAWAL LETTER DATED NOVEMBER 27 TH , 2020 FOR THE APPELLANT BHARAT ABHOLE FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING: : DECEMBER 31 ST , 2020 DATE OF PRONOUNCEMENT : DECEMBER 31 ST , 2020 O R D E R PER PRAMOD KUMAR, VP : 1. THE ASSESSEE HAS MOVED PETITION SEEKING WITHDRAW AL OF THE APPEAL ON THE GROUND THAT THE MATTER IS SETTLED UNDER VIVAD SE VISHWAS SCHEME 2020. 2. LEARNED DEPARTMENTAL REPRESENTATIVE DOES NOT OPP OSE THE PRAYER SO MADE BY THE ASSESSEE. 3. THERE IS NO DISPUTE THAT ONCE THE MATTER IS RESO LVED UNDER VIVAD SE VISHWAS SCHEME 2020, THE RELATED APPEAL IS REQUIRED TO BE WITHDRAW N. ITA NO. 3321/MUM/2019 ASSESSMENT YEAR: 2015-16 PAGE 2 OF 3 4. IN VIEW OF THE ABOVE POSITION, AS ALSO BEARING I N MIND ENTIRETY OF THE CASE, WE DEEM IT FIT AND PROPER TO DISMISS THE APPEAL AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDR AWN. PRONOUNCED IN THE OPEN COURT TODAY ON THE 31 ST DAY OF DECEMBER, 2020. SD/- SD/- C. N. PRASAD PRAMOD KUMAR (JUDICIAL MEMBER) (VICE PRESIDENT) MUMBAI, DATED THE 31 ST DAY OF DECEMBER, 2020 COPIES TO: (1) THE APPLICANT (2) THE RESPONDENT (3) CIT (4) CIT(A) (5) DR (6) GUARD FILE BY ORDER TRUE COPY ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI