HAGEL CAPSULE INDUSTRIES LIMITED, MUMBAI V. DEPUTY COMMISSIONER OF INCOME TAX-10(1)(1), MUMBAI

ITA 5488/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7912 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 9 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2013-2014
• Appeal Filed On: 22-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GURBINDER SINGH
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH H MUMBAI BEFORE SHRI S. RIFAUR RAHMAN (ACCOUNTANT MEMBER) AN D SHRI RAVISH SOOD (JUDICIAL MEMBER) ITA NO. 5488/MUM/2019 ASSESSMENT YEAR: 2013-14 HAGEL CAPSULE INDUSTRIES LIMITED, MUKUND M. CHITALE & CO., CHARTERED ACCOUNTANTS 2 ND FLOOR, KAPUR HOUSE, PARANJAPE B SCHEME ROAD, NO. 1, VILE PARE (EAST), MUMBAI - 400057. VS. DCIT-10(1)(1), MUMBAI PAN NO. AAACH 2022 C APPELLANT RESPONDENT ASSESSEE BY : NONE REVENUE BY : MR. GURBINDER SINGH , DR DATE OF HEARING : 21/06/2021 DATE OF PRONOUNCEMENT : 21 /06/2021 ORDER PER S. RIFAUR RAHMAN, A.M. THE PRESENT APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-17, MUMBAI [IN SHORT CIT(A)] FOR THE ASSESSMENT YEAR 2013-14 DATED 11.10.2018 AND ARISES OUT OF ASSESSMENT COMPLETED U/S 143(3) R.W.S. 263 OF THE INCOME TAX A CT, 1961 (IN SHORT THE ACT). 2. AT THE OUTSET, WHEN THE APPEAL WAS CALLED OUT FO R HEARING, NONE HAS APPEARED ON BEHALF OF THE ASSESSEE IN SPITE OF CALL S. VIDE LETTER DATED 14.05.2021, ASSESSEE SUBMITTED THAT IT HAS FILED THE NECESSARY DECLARATION UNDER DIRECT TAX HAGEL CAPSULE INDUSTRIES ITA NO. 5488/M/2019 2 VIVAD SE VISHWAS ACT, 2020 (ACT 3 OF 2020) AND CONF IRMED THE RECEIPT OF FORM-3 AND PRAYER TO WITHDRAW THE APPEAL. 3. THE LD. DR ALSO DID NOT OBJECT TO COURSE SO SUGG ESTED AND AGREED TO ALLOW THE WITHDRAWAL OF APPEAL BY THE ASSESSEE. 4. IN VIEW OF THE ABOVE, WE DISMISS THE APPEAL OF T HE ASSESSEE SINCE ASSESSEE HAS PREFERRED TO SETTLE THE ISSUE UNDER VIVAD SE VI SHWAS SCHEME AND IT HAS RECEIVED THE ACKNOWLEDGEMENT IN FORM-3 AS WELL. THE REFORE, THIS APPEAL IS ACCORDINGLY DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 21/06/2021. SD/- SD/- ( RAVISH SOOD ) ( S. RIFAUR RAHMAN ) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI; DATED: 21/06/2021 RAHUL SHARMA, SR. P.S. 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./ASSISTANT REGISTRAR) ITAT, MUMBAI