GENX ENTERTAINMENT LIMITED, MUMBAI V. ACIT 11(1), MUMBAI

ITA 5452/MUM/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8798 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 4 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 24-08-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA L D
• Assessee Lawyers: SRILALITHA LD

Judgement Text

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) 1. ./ I.T.A. NO.5659/MUM/2017 ( / ASSESSMENT YEAR: 2010-11) & 2. ./ I.T.A. NO.4602/MUM/2017 ( / ASSESSMENT YEAR: 2011-12) ACIT - 16(1) ROOM NO.439, AAYKAR BHAVAN M.K. MARG, MUMBAI-400 020. / VS. M/S. GENX ENTERTAINMENT LTD. 1 ST FLOOR, BLDG. NO.14 SOLITAIRE CORPORATE PARK GURU HARGOVINJI MARG CHAKALA, ANDHERI(E), MUMBAI-400 093. !' ./ ./PAN/GIR NO. AACCG-7831-Q ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) & 3. ./ I.T.A. NO.5452/MUM/2017 ( / ASSESSMENT YEAR: 2010-11) & 4. ./ I.T.A. NO.4282/MUM/2017 ( / ASSESSMENT YEAR: 2011-12) & 5. ./ I.T.A. NO.4498/MUM/2018 ( / ASSESSMENT YEAR: 2013-14) M/S. GENX ENTERTAINMENT LTD. 1 ST FLOOR, BLDG. NO.14, SOLITAIRE CORPORATE PARK GURU HARGOVINJI MARG CHAKALA, ANDHERI(E) MUMBAI-400 093. / VS. ACIT - 16(1) ROOM NO.439, AAYKAR BHAVAN M.K. MARG MUMBAI-400 020. !' ./ ./PAN/GIR NO. AACCG-7831-Q ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) ASSESSEE BY : SMT. SRILALITHA - LD. AR REVENUE BY : SHRI T.S.KHALSA LD. SR. DR 2 / DATE OF HEARING : 11/01/2021 / DATE OF PRONOUNCEMENT : 11/01/2021 / O R D E R PER BENCH 1. DURING HEARING OF CAPTIONED APPEALS, THE LD. COU NSEL FOR ASSESSEE SUBMITTED THAT THE ASSESSEE HAS ALREADY OP TED FOR THE DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME) 2020 FOR ALL THE YEARS AND ALREADY RECEIVED NECESSARY CERTIFICAT E IN FORM NO.3 FROM DESIGNATED AUTHORITY. THE COPIES OF THE SAME H AVE BEEN PLACED ON RECORD. ACCORDINGLY, LD. AR SOUGHT WITHDR AWAL OF THE APPEALS. THE LD. DR DID NOT OBJECT TO THE SAME. 2. KEEPING IN VIEW THE FACT THAT THE ASSESSEE HAS A LREADY SETTLED THE DISPUTE UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 FOR ALL THE YEARS, ALL THESE APPEALS STANDS DISMISS ED AS WITHDRAWN WITH A LIBERTY TO THE ASSESSEE AS WELL AS TO THE REVENUE TO SEEK RESTORATION OF APPEALS IN CASE DECL ARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REAS ONS. 3. ALL THE APPEALS STAND DISMISSED IN TERMS OF OUR ABOVE ORDER. ORDER PRONOUNCED ON 11 TH JANUARY, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 11/01/2021 SR.PS, JAISY VARGHESE 3 / 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.