Putzmeister Concrete Machines Private Limited., Goa V. The Assistant Commissioner of Income Tax, Circle-1, Margao., Margao

ITA 34/PAN/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 0198 (ITAT-PANAJI)
• Duration Of Justice: 4 year(s) 5 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 24-01-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PASSED
• Section: 13; 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI AT PUNE VIRTUAL COURT BEFORE SH RI R.S. SYAL, VICE PRESIDENT AND SH RI S.S.VISWANETHRA RAVI , J UDICIAL MEMBER . / ITA NO. 50 / PA N /201 6 / ASSESSMENT YEAR : 20 11 - 12 PUTZ MEISTER CONCRETE MACHINES PRIVATE LIMITED, PLOT NO.N4, PHASE IV, VERNA INDUSTRIAL ESTATES, VERNA, SALCETE, GOA 403722 PAN : AACCD2090G VS. ACIT, CIRCLE - 1, MARGAO , GOA APPELLANT RESPONDENT . / ITA NO. 34/PAN/2017 / ASSESSM ENT YEAR : 20 12 - 13 PUTZMEISTER CONCRETE MACHINES PRIVATE LIMITED, PLOT NO.N4, PHASE IV, VERNA INDUSTRIAL ESTATES, VERNA, SALCETE, GOA 403722 PAN : AACCD2090G VS. ACIT, CIRCLE - 1, MARGAO , GOA APPELLANT RESPONDENT / ORDER TH ESE 2 APPEAL S BY THE ASSESSEE ARISE OUT OF THE FINAL ASSESSMENT ORDER S DATED 03 - 02 - 2016 & 25 - 11 - 2016 PASSED BY THE ASSESSING OFFICER U/S.143(3) R.W.S. 144C(5)/144C OF THE INCOME - TAX ACT, 1961 (HEREINAFTER ALSO CALLED THE ACT) IN RELATI ON TO THE ASSESSMENT YEAR S 20 11 - 12 & 2012 - 13 . ASSESSEE BY SHRI RACHIT ARORA RE VENUE BY SHRI PRABHAT JHA DATE OF HEARING 2 2 - 07 - 2021 DATE OF PRONOUNCEMENT 22 - 0 7 - 2021 ITA NO S . 50/PAN/2016 & 34/PAN/2017 PUTZMEISTER CONCRETE MACHINES PRIVATE LIMITED 2 2. BEFORE US, THE ASSES SEE HAS FILED LETTER S DATED 2 0 - 04 - 2021 SEEKING WITHDRAWAL OF THE APPEAL S . THE RELEVANT CONTENTS OF SUCH LETTER S (WHICH IS COMMON TO BOTH APPEALS) READ S AS UNDER : 1. WE REFER TO THE C APTIONED APPEAL FILED BEFORE THE REGISTRAR OF THE HONBLE INCOME TAX APPELLATE TRIBUNAL, GOA . IN THIS REGARD, WE SUBMIT A UNDER : 1 . THE APPELLANT MADE AN APPLICATION IN FORM 1 AS PER THE RULES PRESCRIBED UNDER VIVAD SE VISHWAS SCHEME 2020 AND HAS RECEIVED FORM 3 (ENCLOSED WITH THIS LETTER) BY THE DESIGNATED AUTHORITY FOR PAYMENT OF TAXES. 2 . TO COMPLY WITH THE RULES OF THE SCHEME, THE APPELLANT HEREBY SUBMITS THAT ALL GROUNDS OF APPEAL MAY BE PERMITTED TO BE WITHDRAWN. WE REQUEST YOUR HONOUR TO TAKE THE ABOVE ON RECORD. 3. THE LD. DR DID NOT RAISE ANY OBJECTION TO THE WITHDRAWAL OF THE APPEAL S FILED BY THE ASSESSEE. AS SUCH, THE ASSESSEE IS PERMITTED TO WITHDRAW THE APPEAL S . 4. IN THE RESULT, THE APPEAL S ARE DISMISSED AS WITHDRAWN. O RDER PRONOUNCED I N THE OPEN COURT ON 22 ND JULY , 2021 . SD/ - SD/ - ( S.S.VISWANETHRA RAVI ) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT PUNE ; DATED : 22 ND JULY , 2021 /GCVSR ITA NO S . 50/PAN/2016 & 34/PAN/2017 PUTZMEISTER CONCRETE MACHINES PRIVATE LIMITED 3 / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. THE DRP - 2, BANGALORE - 1, DRP - 2, BANGALORE - 2, DRP - 2, BANGALORE - 3, 4. 5. DR, ITAT, PANAJI BENCH, PANAJI / GUARD FILE . / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE DATE 1. DRAFT DICTATED ON 22 - 07 - 2021 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 22 - 07 - 2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS 6. KEPT FOR P RONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER.