CITI, CIRCLE-2, KALYAN V. SHRI KETANKUMAR JAYANTIBHAI PATEL, MUMBAI

ITA 5498/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9010 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2009-2010
• Appeal Filed On: 23-08-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: PRASHANT

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL , H BENCH MUMBAI BEFORE : SHRI VIKAS AWASTHY, JM & SHRI M.BALAGANESH, AM ITA NO. 5498 /MUM/ 20 19 ( ASSESSMENT YEAR : 2009 - 10 ) & ITA NO. 5499 /MUM/ 2019 ( ASSESSMENT YEAR : 2010 - 11 ) DCIT, CIRCLE - 2 2 ND FLO OR, MOHAN PLAZA BUILDING WAYLE NAGAR KHADAKPADA, KALYAN WEST - 421301 VS. SHRI KETANKUMAR JAYANTIBHAI PATEL PROP. OF UNIQUE CHEMOPLANT EQUIPMENTS PLOT NO.B - 76, ADDL. MIDC ANAND NAGAR, AMBERNATH (EAST) - 421506 PAN/GIR NO. ABUPP7639R (APPELLANT ) .. (RESPOND ENT ) REVENUE BY MS. BHARATI SINGH ASSESSEE BY SHRI PRASHANT DATE OF HEARING 16 / 03 /202 1 DATE OF PRONOUNCEMENT 16 / 03 /202 1 / O R D E R PER M. BALAGANESH (A.M) : TH ESE APPEAL S IN ITA NO S . 5498/MUM/2019 & 5499/MUM/2019 FOR A.Y RS . 2009 - 10 & 2010 - 11 ARISE OUT OF THE ORDER BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS) - 3, THANE IN APPEAL NO. 10121 - THN/18 - 19 & 10183 - THN/18 - 19 RESPECTIVELY DATED 06/06/2019 (LD. CIT(A) IN SHORT) IN ITA NO S . 5498/MUM/2019 & 5499/MUM/2019 SHRI KETANKUMAR JAYANTIBHAI PATEL 2 THE MATTER OF IMPOSITION OF PENALTY U/S.271(1)(C) OF TH E INCOME TAX ACT, 1961. 2. WE FIND THAT THE LD. AR FILED LETTER S DATED 24/02/2020 MENTIONING THAT ASSESSEE HAD PREFERRED AN APPLICATION FILED IN FORM NO.1 & 2 UNDER DIRECT TAX VIVAD SE VISWAS SCHEME 2020 TO SETTLE THIS TAX DISPUTE FOR THE YEAR S UNDER CO NSIDERATION . 3. IN VIEW OF T HIS, WE HEREBY TREAT THESE APPEALS PENDING BEFORE US AS DISMISSED AND WITHDRAWN WITH A LIBERTY GIVEN TO THE ASSESSEE TO GET THE APPEAL S RESTORED IN THE EVENT THAT ASSESSEES DECLARATION MADE UNDER VIVAD SE VISWAS SCHEME 2020 IS DECLARED BAD IN LAW IN FUTURE FOR ANY REASON WHATSOEVER. 4. IN THE RESULT, APPEAL S OF THE REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 / 03 /202 1 . SD/ - ( VIKAS AWASTHY ) SD/ - (M.BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED 16 / 03 / 2021 KARUNA , SR.PS ITA NO S . 5498/MUM/2019 & 5499/MUM/2019 SHRI KETANKUMAR JAYANTIBHAI PATEL 3 COPY OF THE ORDER FORWARDED TO : BY ORDER, ( ASSTT. REGISTRAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY//