BMV EXIM (P) Ltd., Ludhiana V. JCIT, R-III, Ludhiana

ITA 504/CHANDI/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2164 (ITAT-CHANDIGARH)
• Duration Of Justice: 2 year(s) 10 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 20-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C CHANDRAKANTA
• Assessee Lawyers: PANKAJ BHALLA

Judgement Text

ITA NO NO. 504-C-2018 M/S BMV EXIM (P) LIMITED, LUDHIANA 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH, A CHANDIGARH , !' # $ % &' , '( BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND MS. ANNAPURNA GUPTA, ACCOUNTANT MEMBER ./ ITA NO. 504/CHD/2018 / ASSESSMENT YEAR : 2011-12 M/S BMV EXIM (P) LIMITED, 961, PURANA BVAZAR, LUDHIANA. THE JCIT, RANGE-III, LUDHIANA. ./PAN NO: AADCB0343B /APPELLANT /RESPONDENT /ASSESSEE BY : SHRI PANKAJ BHALLA (C.A) / REVENUE BY : SMT. C. CHANDRA KANTA (CIT) ! ' # /DATE OF HEARING : 04/03/2021 $%&' # /DATE OF PRONOUNCEMENT : 04/03/2021 (HEARING THROUGH VIDEO CONFERENCING) ')/ ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN FILED BY THE ASSESSEE CHALLENGING THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS)- 1, LUDHIANA, (HEREINAFTER REFERRED TO AS CIT(A)- ) DATED 07.03.2018 FOR THE ASSESSMENT YEAR 2011-12, PASSED U/S 250(6) OF THE INCOME TAX ACT,1961( IN SHORT ACT). ITA NO NO. 504-C-2018 M/S BMV EXIM (P) LIMITED, LUDHIANA 2 2. LD. COUNSEL FOR THE ASSESSEE SUBMITTED BEFORE U S THAT IT WAS WILLING TO SETTLE THE DISPUTE UNDER THE VIVAD SE VISHWAS SCHEME-2020 A ND NECESSARY FORMS IN THIS REGARD HAD BEEN FILLED. AN APPLICATION, EXPRESSING THE ABO VE INTENT OF THE ASSESSEE, WAS FILED BEFORE US. 3. IN VIEW OF THE ABOVE SINCE THE ASSESSEE HAS EXPR ESSED ITS INTENTION OF NOT PURSUING THE APPEAL AND OPTING FOR SETTLING THE DISPUTE IN T HE SCHEME FRAMED BY THE LEGISLATURE IN THIS REGARD, THE IMPUGNED APPEAL IS DISMISSED ,WITH THE LIBERTY GRANTED TO THE ASSESSEE TO GET THE APPEAL RESTORED IN CASE IT IS UNABLE TO S ETTLE THE DISPUTE UNDER VIVAD SE VISHWAS SCHEME-2020. (ORDER PRONOUNCED IN THE OPEN COURT ON 04/03/2021 ) SD/- SD/- # $ % &', (SANJAY GARG ) ( ANNAPURNA GUPT A) / JUDICIAL MEMBER '( / ACCOUNTANT MEMBER DATE: 04/03/2021 SANTOSH %()) *+),+- COPY OF THE ORDER FORWARDED TO : 1. - THE APPELLANT 2. - THE RESPONDENT 3. ) ! .- CIT 4. ) ! .)/0- THE CIT(A) 5. +1)) 3 4))#)3 4)5678- DR, ITAT, CHANDIGARH 6. 7)9'- GUARD FILE %( ! - BY ORDER, :) - ASSISTANT REGISTRAR