Satguru Developers, Indore V. PCIT-2, Indore

ITA 564/Ind/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 3582 (ITAT-INDORE)
• Duration Of Justice: 3 year(s) 2 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-07-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2015-2016
• Appeal Filed On: 08-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 11; 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, INDORE BENCH, INDORE (Convened through Virtual Court) BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI BHAGIRATH MAL BIYANI, ACCOUNTANT MEMBER आयकर अपील सं./I. T. A. No. 564/Ind/2019 ( नधा रण वष / As s es s ment Yea r : 2015-16) M/ s . S a tgu r u D e ve lo p er s 11 0- 1 11 , B. M . Tow e r, F ir s t F l oor , J a nj e e r Wa l a S qua r e , I nd or e ( M . P . ) - 45 20 01 बनाम/ V s . P C I T-2 I nd or e ( M . P . ) थायी लेखा सं./जीआइआर सं./P A N / G IR N o . : A B IF S 9 2 0 8 F (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से/Appellant by : S h ri H i t es h C hi mn a ni , A . R. यथ क ओर से / Respondent by : Shri P. K. Mitra, CIT-D.R. स ु नवाई क तार ख / D a t e o f H e a r i ng 21/07/2022 घोषणा क तार ख /D a te o f P r o n o u nc e me n t 25 /07/2022 ORDER PER MAHAVIR PRASAD, JM: Th e appe al has b een p referred b y t h e assessee agai nst the ord er o f th e P rin cip al C o m mis si on er o f In co me T ax -2, In d o re (‘Pr.C IT ’ i n s ho rt ) dated 1 0.0 1. 2 01 9 ar isi n g in assess me nt o rd er dated 2 2. 08. 20 16 p assed b y the Assessi ng O ffi ce r (AO ) u nd e r s. 14 3 (3 ) o f the I nco me T ax A ct, 1 9 6 1 (the Act) co nce rn i ng A. Y. 20 1 4 -15. ITA No. 564/Ind/2019 [M/s. Satguru Developers Vs. PCIT] A.Y. 2015-16 - 2 - 2. Th e ca p ti on ed as s essee h as s ou gh t t o w ithd r aw the ap pea l lis ted ab ov e on the g ro u nd t hat a ssessee h as op te d t o a vai l ben efits of ‘V iv ad se Vis hw as S che me, 2 0 20 ’ (V S V). W hen t h e ma tter was called for hearin g, the lear ned c ou nsel fo r t h e assessee at th e ou tse t has sub mit te d th at he doe s n o t seek to pu rs ue th e sai d app eal o win g to ex e rcise o f op tion fo r av ai li ng VS V S che me and co nseq u en tl y requ est ed th at his a pp licat io n for w it h draw al of app ea l ma y pl eas e be gran te d. R efe re nce w as also ma de to w ri tten r eq ues t in this reg ard . 3. Th e lea rne d D epa rt men ta l R ep res en tat i ve f o r the R ev enu e stated t ha t he has no o bjecti on to w ith d raw the a ppeal in th e circu ms tan ce s na rrate d on b eh al f o f t he assess ee. 4. In t he li gh t o f w ritten/ o ral re quest made o n behal f o f th e cap tio n ed a ssessee, the a pp eal is d is mi ssed as w ithd raw n. H oweve r, in th e even t, th e assess ee fai ls t o av ail the bene fit of V SV S che me f o r an y b on af ide reaso ns, the n t he assessee con ce rn ed w il l be at l iber ty to see k restor at io n o f o ri g in al a pp ea l fo r h ea ri ng b ef o re IT AT in acc o rd an ce with law. 5. In th e r esu l t, t he ca p tion ed ap peal is di smiss e d as w ith d raw n. Sd/- Sd/- (BHAGI RATH M AL BI YANI) (MAHAVIR PRASAD) ACCOUNTA NT MEMB ER JUDICIAL MEMBER Indore: Dated 25 /07/2022 S.K.SINHA आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1. राज व / Revenue This Order pronounced in Open Court on 25/07/2022 ITA No. 564/Ind/2019 [M/s. Satguru Developers Vs. PCIT] A.Y. 2015-16 - 3 - 2. आवेदक / Assessee 3. संबं)धत आयकर आय ु +त / Concerned CIT 4. आयकर आय ु +त- अपील / CIT (A) 5. /वभागीय 2त2न)ध, आयकर अपील य अ)धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड8 फाइल / Guard file. By order UE COPY Assistant Registrar Income Tax Appellate Tribunal Indore Bench, Indore 1.Date of dictation on 21.07.2022 As per VSV format 2.Date on which the typed draft is placed before the Dictating Member 21.07.2022 3.Date on which the approved draft comes to the Sr.P.S./P.S. 4.Date on which the fair order is placed before the Dictating Member for pronouncement 5.Date on which the fair order comes back to the Sr.P.S./P.S 6.Date on which the file goes to the Bench Clerk 7.Date on which the file goes to the Head Clerk 8.The date on which the file goes to the Asstt. Registrar for signature on the order 9.Date of Dispatch of the Order