M/s. Sigma Electric Manufacturing Corporation Private Limited, (Formerly known as Sunk Rock Metal Foundaries India Pvt.Ltd), Pune V. Deputy Commissioner of Income-tax, Circle - 10, Pune

ITA 405/PUN/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 2789 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 7 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2010-2011
• Appeal Filed On: 12-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S P WALIMBE
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, PUNE BEFORE SHRI INTURI RAMA RAO , ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, J UDICIAL MEMBER . / ITA NO . 405 /PUN/201 9 / ASSESSMENT YEAR : 201 0 - 1 1 M/S. SIGMA ELECTRIC MANUFACTURING CORPORATION PVT. LTD., (FORMERLY KNOWN AS M/S. SIGMA ELECTRIC MANUFACTURING PVT. LTD.) (FORMERLY KNOWN AS SUNK ROCK METAL FOUNDRIES INDIA PVT. LTD.,) (IN WHICH M/S. SIGMA ELECTRIC MANUFACTURING CORPORATION PVT. LTD. IS MERGED HAVING PAN AADCS9493H) GAT NO.154/1, 155 POST MAHALUNGE VILLAGE, CHAKAN TALEGAON ROAD, CHAKAN, PUNE 410501 PAN : AAXCS4352F ....... / APPELLANT / V/S. THE DY. COMMISSIONER OF INCOME - TAX , CIRCLE 10, PUNE / RESPONDENT ASSESSEE BY : SHRI ROHIT TAPADIYA REVENUE BY : SHRI S.P. WALIMBE / DATE OF HEARING : 2 7 - 1 0 - 20 2 1 / DATE OF PRONOUNCEMENT : 2 7 - 1 0 - 202 1 / ORDER THIS IS AN APPEAL FILED BY THE ASSESSEE DIRECTED AGAINST ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) - 6 , PUNE , DATED 07 .0 1 .201 9 FOR THE ASSESSMENT YEAR 201 0 - 1 1 . 2 ITA NO. 405 /PUN/201 9 2. THE ASSESSEE SUBMITTED THAT THE ISSUE IN THE PRESENT APPEAL STANDS RESOLVED BY VIRTUE OF SETTLEMENT OF CASES IN EARLIER YEARS UNDER KYC SCHEME, THEREFO RE, SOUGHT PERMISSION FROM THE TRIBUNAL TO WITHDRAW THE APPEAL. 3. ON THE OTHER HAND, THE LD. DEPARTMENT REPRESENTATIVE HAD EXPRESSED NO OBJECTION TO PERMIT THE WITHDRAWAL OF APPEAL. 4. IN THE CIRCUMSTANCES, WE HEREBY GRANT PERMISSION TO THE APPELLA NT TO WITHDRAW THE APPEAL. ACCORDINGLY, THE APPEAL STANDS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 2 7 TH OCTOBER , 20 2 1 . SD/ - SD/ - S.S.VISWANETHRA RAVI INTURI RAMA RAO JUDICIAL MEMBER ACCOUNTANT MEMBER / PUNE; / DATED : 2 7 TH OCTOBER , 2021 GCVSR / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT ; 2. / THE RESPONDENT; 3. ( ) / THE CIT (A) - 6 , PUNE ; 4. THE PR.CIT - 5 , PUNE ; 5. , , B / DR B , ITAT, PUNE; 6. / GUARD FILE. / BY ORDER, // // TRUE COPY// / SR. PRIVATE SECRETARY , / ITAT, PUNE