MUMBAI MANTRA MEDIA LIMITED, MUMBAI V. ACIT - 11(1), MUMBAI

ITA 3765/MUM/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3700 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 8 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2011-2012
• Appeal Filed On: 29-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: DHAWAL JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL , D BENCH MUMBAI BEFORE : SHRI M.BALAGANESH, AM & SHRI RAVISH SOOD , JM ITA NO. 3765/ MUM/ 20 18 ( ASSESSMENT YEAR : 2011 - 12 ) M/S. MUMBAI MANTRA MEDIA LIMITED 5 TH FLOOR, MAHINDRA TOWERS P.K. KURNE C HOWK WORLI, MUMBAI VS. THE ASST. COMMISSIONER OF INCOME TAX - 11(1), MUMBAI PAN/GIR NO. AAFCM4219H (APPELLANT ) .. (RESPONDENT ) ASSESSEE BY SHRI DHAWAL JAIN REVENUE BY SHRI BHARAT ANDHLE DATE OF HEARING 24 / 02 /202 1 DATE OF PRONOUNCEMENT 24 / 02 /202 1 / O R D E R PER M. BALAGANESH (A.M) : THIS APPEAL IN ITA NO. 3765/MUM/2018 FOR A.Y. 2011 - 12 ARISES OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS) - 4, MUMBAI IN APPEAL NO. CIT(A) - 4/TR - 371/APPEAL - 3/AC - 11(1)/2014 - 15 DATED 24/04/2018 ( LD. CIT(A) IN SHORT) AGAINST THE ORDER OF ASSESSMENT PASSED U/S.143(3) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT) DATED 21/02/2014 BY THE LD. ASST. COMMISSIONER OF INCOME TAX - 11(1), MUMBAI (HEREINAFTER REFERRED TO AS LD. AO). ITA NO . 3765/MUM/2018 M/S. MUMBAI MANTRA MEDIA LTD., 2 2. WE FIND THAT THE LD. AR FILED A LETTER DATED 04/02/2021 MENTIONING THAT ASSESSEE HAD PREFERRED AN APPLICATION FILED IN FORM NO.1 & 2 UNDER DIRECT TAX VIVAD SE VISWAS SCHEME 2020 TO SETTLE THIS TAX DISPUTE FOR THE YEAR S UNDER CONSIDERATION AND HAD OBTAINED FORM N O.3 FROM THE DESIGNATED AUTHORITY THEREON, COPY OF WHICH WAS ENCLOSED ALONGWITH THIS LETTER. 3. IN VIEW OF T HIS, WE HEREBY TREAT THIS APPEAL PENDING BEFORE US AS DISMISSED AND WITHDRAWN WITH A LIBERTY GIVEN TO THE ASSESSEE TO GET THE APPEAL RESTORED IN T HE EVENT THAT ASSESSEES DECLARATION MADE UNDER VIVAD SE VISWAS SCHEME 2020 IS DECLARED BAD IN LAW IN FUTURE FOR ANY REASON WHATSOEVER. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 24 / 02 /202 1 . SD/ - ( R AVISH SOOD ) SD/ - (M.BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED 24 / 02 / 2021 KARUNA , SR.PS ITA NO . 3765/MUM/2018 M/S. MUMBAI MANTRA MEDIA LTD., 3 COPY OF THE ORDER FORWARDED TO : BY ORDER, ( ASSTT. REGISTRAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY//