CHEMSTAR ORGANICS (INDIA) LTD, MUMBAI V. PR CIT I, MUMBAI

ITA 5162/MUM/2015

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 8054 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 4 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-03-2017
• Appeal Filed By: Assessee
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 02-11-2015
• Court: TRIBUNAL
• Department Lawyers: SUNITA BILLA
• Keywords: Revision of order
• Section: 263

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES , C MUMBAI , , , BEFORE SHRI JOGINDER SINGH, J UDICIAL M EMBER, A N D SHRI MANOJ KUMAR AGGARWAL , A CCOUNTANT M EMBER ITA NO . 5162 /MUM/2015 ASSESSMENT YEAR: 2011 - 12 M/S. CHEMSTAR ORGANICS (INDIA) LTD., 4 TH FLOOR, PNB HOUSE, SIR P.M. RD. FORT, GR. FLOOR, DR. C.H. STREET MARINELINES, MUMBAI - 400001 / VS. PR CIT I M UMBAI ( /ASSESSEE) ( / REVENUE) PAN. NO . AA AC C9210F / DATE OF HEARING : 07 /03 /2017 / DATE OF ORDER : 07 /03 /2017 / REVENUE BY MS. SUNITA BILLA , CIT DR / ASSESSEE BY SHRI SATISH MODY, AR ITA NO. 5162 /MUM/2015 M/S CHEMSTAR ORGANICS (INDIA) LTD. 2 / O R D E R PER JOGINDER SINGH (JUDICIAL MEMBER) THE ASSESSEE IS AGGRIEVED BY THE IMPUGNED ORDER DATED 27.03.2015 OF THE LD. PR. COMMISSIONER OF INCOME TAX, INVOKING REVISIONAL JURISDICTIONAL U/S 263 OF THE INCOME T AX ACT, 1961 (HEREINAFTER THE ACT) 2 . DURING HEARING OF THIS APPEAL LD. COUNSEL FOR THE ASSESSEE SHRI SATISH MODY HAS FILED AN APPLICATION, DULY SIGNED BY MANAGING DIRECTOR OF THE ASSESSEE COMPANY WITH THE REQUEST THAT THE ASSESSEE MAY BE PERM ITTED TO WIT HDRAW THE APPEAL. THE LD. CIT - DR, MS. SUNITA BILLA , HAD NO OBJECTION TO THE REQUEST OF THE ASSESSEE. 2.1. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED APPLICATION OF THE ASSESSEE . CONSIDERING THE REQUEST OF THE ASSESSEE AND NO OBJECTION FROM THE LD. CIT DR, THE ASSESSEE IS PERMITTED TO WITHDRAW THE APPEAL, CONSEQUENTLY , THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. FINALLY, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. THIS ORDER WAS PRONOUNCED IN THE OPEN COURT IN THE PRESENCE O F LD. CIT DR ON 07 /03/2017. SD/ - SD/ - ( MANOJ KUMAR AGGARWAL ) (JOGINDER SINGH) / ACCOUNTANT MEMBER / JUDICIAL MEMBER MUMBAI; DATED : 07 /03 /2017 BIWAJIT , SR. P.S/. . . ITA NO. 5162 /MUM/2015 M/S CHEMSTAR ORGANICS (INDIA) LTD. 3 / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT (RESPECTIVE ASSESSEE) 2. / THE RESPONDENT. 3. ( ) / THE CIT, MUMBAI. 4. / CIT(A) - , MUMBAI , 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE. / BY ORDER, //TRUE COPY// / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI ITA NO. 5162 /MUM/2015 M/S CHEMSTAR ORGANICS (INDIA) LTD. 4 THIS ORDER WAS DIRECTLY DICTATED TO THE SR.PS/PS ON COMPUTER 1. DRAFT DICTA TED ON 07 /03 /2017 SR.PS /PS 2. DRAFT PLACED BEFORE AUTHOR 0 7 /03/2017 SR.PS /PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER 07 /03/2017 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS / PS 6. DATE OF PRONOUNCEMENT 07 /03/2017 SR.PS /PS 7. FILE SENT TO THE BENCH CLERK SR.PS /PS 8. DATE ON WHICH FILE GOES TO THE HEAD CLERK 9. DATE ON WHICH FILE GOES TO THE AR 10. DATE OF DISPATCH OF ORDER