GLOBAL RURAL NETCO LTD., MUMBAI V. DCIT- CC- 2 (3), MUMBAI

ITA 5241/MUM/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4488 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 4 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2013-2014
• Appeal Filed On: 11-09-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

ITA NO.5241/MUM/2018 GLOBAL RURAL NETCO LTD. ASSESSMENT YEAR: 2013-14 1 IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.5241/MUM/2018 ( / ASSESSMENT YEAR: 2013-14) GLOBAL RURAL NETCO LTD. GLOBAL VISION, 2 ND FLOOR ELECTRONIC SADAN NO II, MIDC TTC INDUSTRIAL AREA, MAHAPE NAVI MUMBAI-400 710 / VS. D CIT - CENTRAL CIRCLE - 2(3) OLD CGO BUILDING, AAYKAR BHAWAN M.K.ROAD MUMBAI-400 020 !' ./ ./PAN/GIR NO. AADCG-4496-N ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) ASSESSEE BY : SHRI ARIJIT JAIN- LD. AR REVENUE B Y : SHRI T.S. KHALSA- LD. DR / DATE OF HEARING : 04/02/2021 / DATE OF PRONOUNCEMENT : 04/02/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2013-14 CONTEST THE ORDER OF LEARNED FIRST APPELLATE AUTHOR ITY ON CERTAIN GROUNDS OF APPEAL. THE ASSESSMENT WAS FRAMED BY LD. AO U/S 143(3) ON 08/03/2016. 2. THE LEARNED COUNSEL, AT THE OUTSET, SUBMITTED TH AT THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUT E UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 FOR THE YEAR ITA NO.5241/MUM/2018 GLOBAL RURAL NETCO LTD. ASSESSMENT YEAR: 2013-14 2 UNDER CONSIDERATION AND THEREFORE, THE ASSESSEE SEE K WITHDRAWAL OF THE APPEAL. THE LD. DR DID NOT OBJECT TO THE SAM E. 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTOR ATION OF THE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDE R THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 04 TH FEBRUARY, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 04/02/2021 SR.PS, KASARLA THIRUMALESH / COPY OF THE ORDER FORWARDED TO : 1. '$ / THE APPELLANT 2. %&'$ / THE RESPONDENT 3. - ( ) / THE CIT(A) 4. - / CIT CONCERNED 5. ./% ( 0 , 0 , / DR, ITAT, MUMBAI 6. /123 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.