DHADDA DIAMONDS P.LTD, MUMBAI V. ITO 5(1)(3), MUMBAI

ITA 4906/MUM/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3387 (ITAT-MUMBAI)
• Duration Of Justice: 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Next Hearing Date: 14-10-2015
• Assessment Year: 2011-2012
• Appeal Filed On: 14-09-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R AHUL RAMAN
• Assessee Lawyers: WITHDRAWAL LETTER
• Section: 263; 10; 11

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH H , MUMBAI BEFORE SHRI SANJAY GARG , JUDICIAL MEMBER AND SHRI RAJESH KUMAR , ACCOUNTANT MEMBER ITA NO S . 4905/MUM/2015 & 4906/MUM/2015 : (A.Y S : 20 10 - 11 & 2011 - 12 ) DHADDA DIAMONDS PVT. LTD. 1208, PANCHRATNA, OPERA HOUSE, MUMBAI 400 004. PAN : AAACD0539L VS. ITO - 5(1)(3), MUMBAI. (APPELLANT) (RESPONDENT) ASSESSEE BY : WITHDRAWAL LETTER REVENUE BY : SHRI RAHUL RAMAN (CIT - DR) DATE OF HEARING : 23 / 03 /201 6 DATE OF PRONOUNCEMENT : 23 / 03 /201 6 O R D E R PER SANJAY GARG , J M : THE ABOVE TITLED APPEALS HAVE BEEN PREFERRED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX - 5, MUMBAI (IN SHORT CIT) DT. 10.7.2014. 2. THE ASSESSEE THROUGH THE GROUNDS OF APPEAL HAS AGITATED THE ACTION OF THE LD. CIT IN SETTING ASIDE THE ASSESSMENT ORDER INVOKING THE PROVISIONS OF SEC. 263 OF THE INCOME TAX ACT, 1961. THE ASSESSEE HAS MOVED AN APPLICATION DT. 21.3.2016 STATING THAT IN SE T ASIDE PROCEEDINGS , THE ASSESSING OFFICER HAS NOT MADE ANY ADDITION. IN VIEW 2 DHADDA DIAMONDS PVT. LTD. ITA NOS. 4905 & 4906/MUM/2015 OF THIS, THE ASSESSEE IS NO MORE INTERESTED IN FURTHER PURSUING THESE APPEALS. IT HAS, THEREFORE, BEEN PRAYED THAT THE ABOVE APPEALS BE DISMISSED AS WITHDRAWN. THE LD. DEPA RTMENTAL REPRESENTATIVE HAS ALSO STATED THAT HE HAS NO OBJECTION IN THE WITHDRAWAL OF THE APPEALS BY THE ASSESSEE. IN VIEW OF THIS, THE ABOVE TITLED APPEALS ARE HEREBY DISMISSED AS WITHDRAWN. 3. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 23/03/2016. SD/ - SD/ - ( RAJESH KUMAR ) ACCOUNTANT MEMBER ( SANJAY GARG ) JUDICIAL MEMBER MUMBAI, DATE : 2 3 R D MARCH, 2016 *SSL* COPY TO : 1) THE APPELLANT 2) THE RESPONDENT 3) THE CIT(A) CONCERNED 4) THE CIT CONCERNED 5) THE D.R, H BENCH, MUMBAI 6) GUARD FILE BY ORDER DY./ASSTT. REGISTRAR I.T.A.T, MUMBAI