M/S NIMBLE INVESTMENTS, MUMBAI V. ACIT -21(2), MUMBAI

ITA 5201/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8402 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 7 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 08-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: THARIAN OOMMEN
• Section: 143(3); 13; 22

Judgement Text

ITA NO. 5201/MUM/2019 A.Y. 2012 - 13 M/S NIMBLE INVESTMENTS VS. ACIT - 21(2) 1 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH B MUMBAI BEFORE SHRI PRAMOD KUMAR ( VICE PRESIDENT ) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) ITA NO. 5201/MUM/2019 (ASSESSMENT YEAR: 2012 - 13 ) M/S NIMBLE INVESTMENTS 903, VAINGANGA, WORLI SAGAR CO - OP HSG SOCIETY LTS. SIR POCKHANWALA ROAD, WORLI, MUMBAI - 400 030 VS. ASSISTANT COMMISSIONER TAX - 21(2) PIRAMAL CHAMBERS, MUMBAI - 400012 PAN NO. AAJFM3407C ASSESSEE REVENUE REVENUE BY : MS. RIDDHI MARU, A.R ASSESSEE BY : SHRI THARIAN OOMMEN, SR. D.R DATE OF HEARING : 22 /03/2021 DATE OF PRONOUNCEMENT : 22 /03/2021 ORDER PER RAVISH SOOD, JM THE CAPTIONED APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER PASSED BY THE CIT(A) - 48, MUMBAI, DATED 31.05.2019, WHICH IN TURN ARISES FROM THE ASSESSMENT ORDER PASSED BY THE A.O UNDER SEC. 143(3) OF THE INCOME TAX ACT, 1961 (FOR SHORT ACT), DATED NIL FOR A.Y. 2012 - 13. 2. THE ASSESSEE FIRM VIDE A LETTER DATED 17 TH MARCH, 2021 HAD STATED THAT CONSIDERING THE LOW TAX IMPACT VIS - A - VIS COST OF LITIGATION INVOLVED IN THE PRESENT APPEAL AND IN ORDER TO BUY PEACE OF MIND IT SEEKS TO WIT HDRAW THE AFOREMENTIONED APPEAL. IT IS FURTHER STATED BY THE ASSESSEE THAT THE WITHDRAWAL OF THE CAPTIONED APPEAL MAY NOT BE CONSIDERED AS ITS ACQUIESCENCE TO ANY OF THE ISSUES INVOLVED IN THE APPEAL. 3. THE LD. DEPARTMENTAL REPRESENTATIVE (FOR SHORT D.R ) DID NOT OBJECT TO THE AFORESAID REQUEST FOR WITHDRAWAL OF THE APPEAL SO RAISED BY THE ASSESSEE. ITA NO. 5201/MUM/2019 A.Y. 2012 - 13 M/S NIMBLE INVESTMENTS VS. ACIT - 21(2) 2 4. IN THE BACKDROP OF THE AFORESAID FACTS, WE HEREIN ALLOW THE ASSESSEE APPELLANT TO WITHDRAW THE CAPTIONED APPEAL. 5. RESULTANTLY, THE AFORESAID APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 22 .03.2021 SD/ - SD/ - (PRAMOD KUMAR ) (RAVISH SOOD) VICE PRESIDENT JUDICIAL MEMBER MUMBAI ; DATED: 22 .03.2021 PS: ROHIT COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A) - 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE . BY ORDER, //TRUE COPY// (SR. PRIVATE SECRETARY) ITAT, MUMBAI