ASIS GLOBAL LTD, MUMBAI V. DCIT CIR 6(1), MUMBAI

ITA 513/MUM/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 3279 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 8 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 23-01-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Liquidation

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL , A BENCH MUMBAI BEFORE : SHRI M.BALAGANESH, A CCOUNTANT MEMBER & SHRI AMARJIT SINGH , JUDICIAL MEMBER ITA NO. 513 /MUM/ 20 17 ( ASSESSMENT YEAR : 2011 - 12 ) M/S. ASIS GLOBAL LTD., A WING, 2 ND FLOOR MHAT RE PEN BUILDING SENAPATI BAPAT MARG DADAR (W) MUMBAI 400 028 VS. DY. COMMISSIONER OF INCOME TAX, CIRCLE 6(1) MUMBAI AAYAKAR BHAVAN M.K.ROAD, MUMBAI 400 020 PAN/GIR NO. AACD3734B (APPELLANT ) .. (RESPONDENT ) ASSESSEE BY SHRI ASIS NARAYAN REVENUE B Y SHRI MEHUL JAIN DATE OF HEARING 2 0/ 10 /2021 DATE OF PRONOUNCEMENT 20 / 10 /202 1 / O R D E R PER M. BALAGANESH (A.M) : THIS APPEAL IN ITA NO. 513/MUM/2017 F OR A.Y. 2011 - 12 ARISES OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME T AX (APPEALS) - 12, MUMBAI IN APPEAL NO. CIT(A) - 12/DCIT - 6(1)(2)/66/15 - 16 DATED 01/11/2016 (LD. CIT(A) IN SHORT) AGAINST THE ORDER OF ASSESSMENT PASSED U/S.143(3) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT) DATED 28/03/2014 BY THE LD . DY. COMMI SSIONER OF INCOME TAX, CIRCLE 6(1), MUMBAI (HEREINAFTER REFERRED TO AS LD. AO). ITA NO . 513/MUM/2017 M/S. ASIS GLOBAL LIMITED 2 2. SHRI ASIS NARAYAN, AN INSOLVENCY PROFESSIONAL WHO HAS BEEN APPOINTED AS LIQUIDATOR VIDE ORDER DATED 18/03/2021 PASSED BY THE HONBLE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI ( NCLT) U/S.33 OF INSOLVENCY AND BANKRUPTCY CODE, 2016 (IBC) FILED A LETTER DATED 12/10/2021 STATING THAT THE ASSESSEE COMPANY IS UNDER THE PROCESS OF LIQUIDATION AND ACCORDINGLY, PRAYED FOR WITHDRAWAL OF THE APPEAL. THE LETTER DATED 12/10/2021 IS REPRODUCED HEREINBELOW: - 3. IN VIEW OF THE ABOVE, THE APPEAL OF THE ASSESSEE IS HEREBY DISMISSED AS WITHDRAWN. ITA NO . 513/MUM/2017 M/S. ASIS GLOBAL LIMITED 3 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 20/10/2021. SD/ - ( AMARJIT SINGH ) SD/ - (M.BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED 20 / 10 / 2021 KARUNA , SR.PS COPY OF THE ORDER FORWARDED TO : BY ORDER, ( ASSTT. REGISTRAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY//