Patel Hydro Powe Private Limited, MUMBAI V. DCIT-10(3)(2), MUMBAI

ITA 5071/MUM/2019

• Counselvise Citation: [2024] 101 COUNSELVISE.COM (IT) 6469 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 10 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-06-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 17-06-2024
• Assessment Year: 2013-2014
• Appeal Filed On: 01-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 271(1)(c)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “C”, MUMBAI BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AND SHRI SUNIL KUMAR SINGH, JUDICIAL MEMBER ITA NO.5071/MUM/2019 Assessment Year :2013-14 Patel Hydro Power Private Limited, Patel Estate, Off SV Road, Jogeshwari West, Mumbai – 400 102 PAN: AAFCP-8046-F - Appellant Vs. DCIT 10(3)(2), Mumbai [Erstwhile DCIT Circle -02, Noida] 217, 2 nd Floor, Aaykar Bhavan, M.K. Road, Mumbai – 400 020 - Respondent Appellant by : Shri Anuj Kishnadwala Respondent by : Shri H.M.Bhatt Date of Hearing : 18/06/2024 Date of Pronouncement : 18/06/2024 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER : The assessee has filed this appeal challenging the order dated 13/08/2018, passed by learned CIT (A), Noida-1 and it relates to the assessment year 2013-14. The assessee is challenging the decision of learned CIT(A) in confirming the penalty of Rs.17,00,000/- levied by the Assessing Officer u/s. 271(1)(c) of the Act. 2. The ld. Counsel appearing on behalf of the assessee submitted at the outset that the assessee has settled this dispute under Direct Tax Vivad Se Vishwas Act, 2020. Accordingly, he prayed that the Bench may permit the assessee to withdraw the appeal. 2 ITA NO.5071/MUM/2019 Assessment Year : 2013-14 3. We have heard the ld. Departmental Representative. Having regard to the submissions made by ld. A.R, we allow the assessee to withdraw the appeal. 4. In the result, the appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 18 th June, 2024. Sd/- Sd/- (SUNIL KUMAR SINGH) JUDICIAL MEMBER (B.R. BASKARAN) ACCOUNTANT MEMBER Mumbai, Date : 18 th June, 2024 Vm Copy to : 1) The Applicant 2) The Respondent 3) The PCIT/CIT concerned 4) The D.R, “C” Bench, Mumbai 5) Guard file By Order Dy./Asstt. Registrar I.T.A.T, Mumbai