SHRI PRAKASHCHAND S. JAIN, MUMBAI V. INCOME TAX OFFICER, WARD-19(2)(5), MUMBAI

ITA 5301/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4987 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 13-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANJAY J SETHI

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH SMC, MUMBAI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER . 5301 / /20 19 (. . 2010-11 ) ITA NO.5301/MUM/2020 (A.Y.2010-11) PRAKASHCHAND S. JAIN, M/S PRAKASH JHUNJHUNWALA & CO. LLP, CHARTERED ACCOUNTANTS, 5, JOLLY BHAVAN NO.2, GROUND FLOOR, 7 NEW MARINE LINES, CHURCHGATE, MUMBAI-400020. PAN: AADPJ5851H ...... / APPELLANT VS. ITO, WARD-19(3)(5) 210, 2 ND FLOOR, MATRU MANDIR, TARDEO ROAD, MUMBAI-400007. ..... / RESPONDENT / APPELLANT BY : SH. PRAKASH JHUNJHUNWALA / RESPONDENT BY : SH. SANJAY J. SETHI / DATE OF HEARING : 07/09/2021 / DATE OF PRONOUNCEMENT : 07/09/2021 / ORDER PER VIKAS AWASTHY, J.M: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-5, MUMBAI [HEREINAFTER REFERRED TO AS THE CIT(A)] DATED 28/09/2018 FOR THE ASSESSMENT YEAR 2010-11. 2. A LETTER DATED 01/04/2021 HAS BEEN RECEIVED FROM THE CHARTERED ACCOUNTANT OF ASSESSEE STATING THAT THE ASSESSEE HAS OPTED FOR VIWAD SE 2 . 5301 / /20 19 (. .2010-11 ) ITA NO.5301/MUM/2019 (A.Y.2010-11) VISHWAS SCHEME, 2020 (IN SHORT VSVS) AND HENCE, WANT TO WITHDRAW THE APPEAL. 3. SH. SANJAY J. SETHI REPRESENTING THE DEPARTMENT STATED THAT THE DEPARTMENT HAS NO OBJECTION IF THE ASSESSEE WANTS TO WITHDRAW APPEAL TO AVAIL THE BENEFIT OF VSVS. 4. A PERUSAL OF ABOVE LETTER SHOWS THAT THE ASSESSEES DECLARATION UNDER VSVS FOR THE IMPUGNED ASSESSMENT YEAR HAS BEEN ACCEPTED AND THE DESIGNATED AUTHORITY HAS ISSUED FORM-3. IN VIEW OF ABOVE, THE APPEAL BY ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON TUESDAY , THE 7 TH DAY OF SEPTEMBER, 2021. SD/- (VIKAS AWASTHY) / JUDICIAL MEMBER / MUMBAI, / DATED: 07/09/2021 SK, 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