TEJAS RAMANIKLAL KOTHARI, MUMBAI V. ASST CIT 14(2), MUMBAI

ITA 5469/MUM/2014

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 3461 (ITAT-MUMBAI)
• Duration Of Justice: 7 year(s) 8 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-04-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2008-2009
• Appeal Filed On: 27-08-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 148; 143(3); 2(22)(e)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER AND SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER आयकर अपील सं/ I.T.A. No. 5469/Mum/2014 (निर्धारण वर्ा / Assessment Year: 2008-09) Shri Tejas Ramniklal Kothari, 304, Pushp Kung, A Road, Churchgate, Mumbai - 400020 PAN : AABPK3545M बिधम/ Vs. Assistant Commissioner of Income Tax – 14(2), Mumbai, 3 rd Floor, Room No. 304, Earnest House, Mumbai - 400021 (अपीलाथी /Appellant) : (प्रत्यथी) / Respondent) सुनवाई की तारीख / Date of Hearing : 20.04.2022 घोषणा की तारीख /Date of Pronouncement : 28.04.2022 आदेश / O R D E R Per Rahul Chaudhary, Judicial Member: 1. By way of the present appeal the Appellant/Assessee has challenged the order dated, 16.07.2014 passed by the Ld. Commissioner of Income Tax (Appeals)- 25, Mumbai (hereafter referred to as „the CIT(A)‟] for the Assessment Year 2008-09, whereby the Ld. CIT(A) had partly allowed the appeal against the Assessment Order, dated 05.01.2014, passed under Section 143(3) read with Section 148 of the Income Tax Act, 1961 (hereafter referred to as „the Act‟), 2. The Assessee has raised the following grounds: 1. The learned CIT(A) erred in confirming the addition made by the Assessing Officer of Rs. 40,94,555/- by invoking the provisions of section 2(22)(e) of the I.T. Act. 2. The learned CIT(A) failed to consider the submissions made before him. For the Appellant/Assessee: None For the Respondent/Revenue: Shri B.K. Bagchi ITA. No. 5469/Mum/2014 A.Y. 2008-09 2 3. The Assessee has, vide letter dated 22.03.2022, made a request for withdrawal of the present appeal having opted for Direct Tax Vivad Se Vishwas Scheme, 2020. In this regard, the Assessee has placed on record Form No. 5 issued by the designated authority (Acknowledgement No. 367508950140621). The learned Departmental Representative has no objection to the aforesaid request of the assessee. 4. In view of the above, the present appeal is dismissed as withdrawn Order pronounced on 28.04.2022. Sd/- Sd/- (Shamim Yahya) Accountant Member (Rahul Chaudhary) Judicial Member मुंबई Mumbai; ददनांक Dated : 28.04.2022 Alindra, PS आदेश की प्रनिनिनि अग्रेनर्ि/Copy of the Order forwarded to : 1. अपीलाथी / The Appellant 2. प्रत्यथी / The Respondent. 3. आयकर आयुक्त(अपील) / The CIT(A)- 4. आयकर आयुक्त / CIT 5. दवभागीय प्रदतदनदध, आयकर अपीलीय अदधकरण, मुंबई / DR, ITAT, Mumbai 6. गार्ड फाईल / Guard file. आदेशधिुसधर/ BY ORDER, सत्यादपत प्रदत //True Copy// उि/सहधयक िंजीकधर /(Dy./Asstt. Registrar) आयकर अिीिीय अनर्करण, मुंबई / ITAT, Mumbai