PIRAMAL FUND MANAGEMENT P.LTD, MUMBAI V. DCIT CIR 6(1), MUMBAI

ITA 5301/MUM/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3482 (ITAT-MUMBAI)
• Duration Of Justice: 4 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 09-11-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B S BIST
• Assessee Lawyers: WITHDRAWAL LETTER
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH C, MUMBAI BEFORE SHRI G.S.PANNU, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER ITA NO.5301/MUM/2015 (ASSESSMENT YEAR 2011-12) PIRAMAL FUND MANAGEMENT PRIVATE LIMITED, (FORMERLY KNOWN AS INDIAREIT FUND ADVISORS PVT. LTD.) GROUND FLOOR, A- WING, PIRAMAL TOWERS, GANAPATRAO KADAM MARG, LOWER PAREL, MUMBAI 400 013. PAN: AABCI 3931J ...... APPELLANT VS. THE DY. COMMISSIONER OF INCOME TAX CIRCLE -6, AAYKAR BHAVAN,M.K.ROAD, MUMBAI 400 020 .... RESPONDENT APPELLANT BY : WITHDRAWAL LETTER RESPONDENT BY : SHRI B.S.BIST DATE OF HEARING : 16/03/2017 DATE OF PRONOUNCEMENT : 16/03/2017 ORDER PER G.S.PANNU,A.M: THE CAPTIONED APPEAL FILED BY THE ASSESSEE PERT AINING TO ASSESSMENT YEAR 2011-12 IS DIRECTED AGAINST AN ORDER PASSED BY CIT(A)-12, MUMBAI DATED 06/08/2015, WHICH IN TURN, ARISES OUT OF AN ORDER PASSED BY THE ASSESSING OFFICER UNDER SECTION 143(3) OF THE INCOME TAX ACT, 1961 (IN SHORT THE ACT) DATED 27/01/2014. 2 ITA NO.5301/MUM/2015 (ASSESSMENT YEAR 2011-12) 2. VIDE LETTER DATED 24 TH FEBRUARY, 2017 ASSESSEE HAS REQUESTED FOR GRANT OF PERMISSION TO WITHDRAW ITS APPEAL. THE CONTENTS OF THE ASSESSEES LETTER READ AS UNDER:- WE REFER TO THE APPEAL NO. 5301/MUM-2015 FILED O N 09 NOVEMBER 2015 AGAINST APPEAL AGAINST THE ORDER PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS)-12, MUMBAI (HEREINAFTER REFERRED TO AS THE CIT(A)) UNDE R SECTION 143(3) OF THE INCOME TAX ACT,1961 ('ACT'). A COPY OF THE APPEAL IN FORM 36 ALONG WITH ACKNOWLEDGEMENT RECEIPT IS ATTACHED HEREWITH FOR YOUR READY REFEREN CE. IN THIS REGARD, IT IS SUBMITTED THAT THE COMPANY I N A SPIRIT OF CO-OPERATION AND TO END PROBATED LITIGATIONS, DOES NOT WANT TO PURSUE T HE SAID APPEAL. UNDER THE CIRCUMSTANCES, WE REQUEST THAT THE COMPAN Y BE PERMITTED TO WITHDRAW THE SAID APPEAL. WE TRUST THAT YOU SHALL HAVE NO DI FFICULTY IN ACCEDING TO OUR REQUEST . 3. LD. DEPARTMENTAL REPRESENTATIVE FOR THE REVENUE HAS NO OBJECTION TO THE AFORESAID REQUEST OF THE ASSESSEE. 3. ACCORDINGLY, THE APPEAL OF THE ASSESSEE IS DISMI SSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 16/03/2017 SD/- SD/- (SAKTIJIT DEY ) (G.S. PANNU) JUDICIAL MEMBER ACCOCUNTANT MEMBER MUMBAI, DATED 16/03/2017 VM , SR. PS 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// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI