VALLABH KUMAR N SHETH, MUMBAI V. DCIT CEN CIR 4(2) , MUMBAI

ITA 4888/MUM/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 1470 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2008-2009
• Appeal Filed On: 20-08-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: AGAINST TH E DATED PASSED
• Section: 48

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL F BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, JM AND SHRI MANOJ KUMAR AGGARWAL , AM / I .T.A. NO . 4888 /MUM/2018 ( / ASSESSMENT YEAR: 2008 - 09 ) & / I .T.A. NO. 4889 /MUM/2018 ( / ASSESSMENT YEAR: 2 009 - 10 ) & / I .T.A. NO. 4890/MUM/2018 ( / ASSESSMENT YEAR: 2010 - 11 ) & / I .T.A. NO. 4891 /MUM/2018 ( / ASSESSMENT YEAR: 2011 - 12 ) & / I .T.A. NO. 4892 /MUM/2018 ( / ASSESSMENT YEAR: 2013 - 14 ) VALLABH KUMAR N. SHETH PLOT NO.7, HATKESH CHS OPP, JALARAM HALL, JUHU SCHEME, VILLE PARLE (W), MUMBAI - 400056 . / VS. DCIT CEN CIR 4(2) AAYAKAR BHAVAN, M. K. RD, CHURCHGATE, MUMBAI - 400020 . ./ ./ PAN/GIR NO. : AAOPS8191C ( / APPELLANT ) .. ( / RESPONDENT ) / I .T.A. NO. 48 79/ MUM/2018 ( / ASSESSMENT YEAR: 2007 - 08 ) & / I .T.A. NO . 4880 /MUM/2018 ( / ASSESSMENT YEAR: 2 009 - 10 ) & / I .T.A. NO. 4881 /MUM/2018 ( / ASSESSMENT YEAR: 2010 - 11 ) & / I .T.A. NO S . 4882 /MUM/2018 ( / ASSESSMENT YEAR: 2011 - 12 ) ITA. NO S. 4888,4889 & 4892 /M/201 8 ITA. NO. 4879 TO 4883 A.YS. 2007 - 08 TO 2013 - 14 2 & / I .T.A. NO. 4883 /MUM/20 1 8 ( / ASSESSMENT YEAR :2013 - 1 4 ) JITENDRA NATWARLAL SHETH 302, 3 RD FLOOR, PADMANABH BLDG, NS ROAD, NO.8, VILLE PARLE (W), MUMBAI - 400049 . / VS. DCIT CEN CIR 4(2) AAYAKAR BHAVAN, M. K. ROAD, MUMBAI - 400020 . ./ ./ PAN/GIR NO. : AABPS8548Q ( / APPELLANT ) .. ( / RESPONDENT ) / DATE OF HEARING : 07 /1 2 / 2020 / DATE OF PRONOUNCEMENT : 07 / 12 / 2020 / O R D E R PER BENCH : THESE APPEAL S FILED BY THE ASSESSEE AGAINST TH E ORDER DATED 05 . 06 .201 8 PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS), 52 MUMBAI [HEREINAFTER REFERRED TO AS THE CIT(A)]. RELEVANT TO THE A.Y S. 2007 - 08 TO 2013 - 14 . 2 . WHEN THESE APPEAL S WERE CALLED OUT FOR HEARING, THE LD. COUNSEL OF THE ASSESSEE SUBMITTED THAT HE HAS FILED THE NECESSARY DECLARATION UNDER DIRECT TAX VIVAD SE VISHWAS ACT, 2020 (ACT 3 OF 2020) AND IS AWAITING FOR FINAL RESOLUTION OF THE MATTER UNDER THE SAID SCHEME. HE SUBMITTED THAT UPON COMPLETION OF THE NECESSARY FORMALITIES, HE WILL WITHDRAW THE APPEAL S . IN RESPONSE TO THE SUGGESTION FROM THE BENCH, HE FAIRLY ACCEPTED THAT HE HAS NO OBJECTION TO THE APPEAL S BEING DISMISSED AS WITHDRA WN AS LONG AS HIS RIGHT FOR REVIVAL OF THE APPEAL S ARE PROTECTED, IN THE EVENT OF, FOR SOME UNFORTUNATE REASON, THE MATTER BEING NOT SETTLED UNDER THE VIVAD SE VISHWAS SCHEME. ASSESSEE BY : MS.KINJAL BHUTA REVENUE BY: MS. USHA GAIKWAD (DR) ITA. NO S. 4888,4889 & 4892 /M/201 8 ITA. NO. 4879 TO 4883 A.YS. 2007 - 08 TO 2013 - 14 3 3 . THE LD. DR ALSO DID NOT OBJECT TO DISGRACE SO SUGGESTED. 4 . IN VIEW OF THE AB OVE, WE DISMISS THE APPEAL S AS WITHDRAWN, SUBJECT TO BE RIDER THAT IN THE UNLIKELY EVENT OF MATTER NOT BEING RESOLVED UNDER THE VIVAD SE VISHWAS SCHEME , THE ASSESSEE SHALL HAVE LIBERTY TO APPROACH THE TRIBUNAL FOR RESTORATION OF HIS APPEAL S . 5 . IN THE RESULT, THE APPEAL S ARE DISMISSED AS WITHDRAWN SUBJECT TO THE OBSERVATION ABOVE. ORDER PRONOUNCED IN THE OPEN COURT ON 07 / 12 /2020 SD/ - SD/ - ( M ANOJ KUMAR AGGARWAL ) (AMARJIT SINGH) / ACCOUNTANT MEMBER /JUDICIAL MEMBER MUMBAI; DATED : 07 /12 / 20 20 V IJAY PAL SINGH/SR. PS / 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// / /(DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI