M/S CRI PUMPS P LTD, COIMBATORE V. ACIT CORP CIRCLE 2, COIMBATORE

ITA 542/CHNY/2018

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 7111 (ITAT-CHENNAI)
• Duration Of Justice: 3 year(s) 9 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-12-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2011-2012
• Appeal Filed On: 14-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANATH KUMAR RAHA

Judgement Text

आयकर अपील य अ धकरण, ‘डी’ यायपीठ, चे नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI ी महावीर संह, उपा य एवं ी जी. मंज ु नाथ, लेखा सद&य के सम BEFORE SHRI MAHAVIR SINGH, VICE-PRESIDENT AND SHRI G.MANJUNATHA, ACCOUNTANT MEMBER आयकर अपील सं./I . T. A. N o. 5 4 2/ C hn y/ 2 0 1 8 ( नधा रणवष / As s e s s m en t Ye a r : 20 11 - 1 2) M/s. CRI Pumps P.Ltd. 7/46/1/, Keeranatham Road, Saravanampatti Coimbatore-641 035. V s The Assistant Commissioner of Income Tax, Corporate Circle-2 Coimbatore. P AN: A AA CC 9 4 9 7 N (अपीलाथ /Appellant) ( यथ /Respondent) अपीलाथ क ओरसे/ Appellant by : Mr. Arjunraj, C.A for Mr. S.Sridhar, Advocate यथ क ओरसे/Respondent by : Mr. Sanath Kumar Raha, Addl.CIT स ु नवाईक तार ख/D a t e o f h e a r i n g : 02.12.2021 घोषणाक तार ख /D a t e o f P r o n o u n c e m e n t : 02.12.2021 आदेश / O R D E R PER G.MANJUNATHA, AM: This appeal filed by the assessee is directed against the order passed by the learned Commissioner of Income Tax (Appeals)-1, Coimbatore, dated 11.12.2017 and pertains to assessment year 2011-12. 2. We have heard learned counsel for the assessee and learned DR and also perused the materials available on record. At the time of hearing, learned counsel for the assessee has filed a letter along with Form No.3 issued by the Department under ‘Vivad se Vishwas Scheme, 2020’ and submitted that the assessee has availed the VSVS scheme to settle its pending disputes. The ld. counsel for the assessee further submitted that the Department has accepted application filed by the 2 ITA No. 542/Chny/2018 assessee and issued Form 3 quantifying amount of taxes payable under VSVS scheme. Therefore, the ld. counsel for the assessee submitted that the appeal filed by the assessee may be dismissed as withdrawn. The ld. DR, on the other hand, has no objection for dismissing the appeal as the Designated Authority has issued Form 3. Therefore, considering fact that the assessee has filed application for withdrawal of appeal and has also filed Form 3 issued by the Department, we dismiss appeal filed by the assessee as withdrawn. However, a liberty is given to the assessee to restore the appeal, in case application filed by the assessee before the Designated Authority, is rejected for any reason. 4. In the result, appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 2 nd December, 2021 Sd/- Sd/- (महावीर संह) ( जी. मंज ु नाथ ) (Mahavir Singh) (G. Manjunatha ) उपा य / Vice-President लेखा सद%य / Accountant Member चे'नई/Chennai, (दनांक/Dated 2 nd December, 2021 DS आदेश क त*ल+प अ,े+षत/Copy to: 1. Appellant 2. Respondent 3. आयकर आय ु -त (अपील)/CIT(A) 4. आयकर आय ु -त/CIT 5. +वभागीय त न1ध/DR 6. गाड फाईल/GF.