M/S CAMPBELL SHIPPING P. LTD., MUMBAI V. THE ITO WARD-12(1)(4), MUMBAI

ITA 5643/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 6920 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 30-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SMITA VERMA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL ( VIRTUAL COURT ) SMC BENCH , MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER ITA NO . 5643 / MUM/201 9 (A.Y: 2009 - 10) M /S. C AMPBELL S HIPPING PVT. LTD., 601, 6 TH FLOOR , 444 THE C ORPORATE L OUNGE LI NKING ROAD, KHAR (W) MUMBAI - 400052 PAN: AADCC6135G V. INCOME TAX OFFICER 12( 1)( 4) AAYAKAR BHAVAN, M.K. ROAD MUMBAI - 400020 (APPELLANT) (RESPONDENT) ASSESSEE BY : S HRI NINAD P ATADE DEPARTMENT BY : S MITA V ERMA DATE OF HEARING : 03.08.2021 DATE OF PRONOUNCEMENT : 03.08.2021 O R D E R PER C. N. PRASAD (JM) 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LEARNED COMMISSIONER OF INCOME TAX ( APPEALS ) - 20 , MUMBAI [HEREINAFTER IN SHORT LD.CIT(A)] DATED 28.06.2019 FOR THE A.Y. 20 14 - 15. 2. AT THE TIME OF HEARING, LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT ASSESSEE WITH A VIEW TO BUY MENTAL PEACE , CONSIDERING TI ME AND MONEY COST OF LITIGATION AND TO FA LL IN LINE WITH THE POLICY OF AVOIDING PROTRACTED LITIGATION A S SUCH ASSESSEE DO NOT WANT TO PRESS THE APPEAL . A SSESSEE 2 ITA NO . 5643 / MUM/201 9 (A.Y: 2009 - 10) M /S. C AMPBELL S HIPPING PVT. LTD., VIDE LETTER DATED 06.04.2021 REQUEST ED FOR WITHDRAWAL OF APPEAL. LD. DR HAS NO OBJECTION . 3. HEARD BOTH SIDES . CONTENTS OF THE LETTER DATED 06.04.2021 FILED BY THE ASSESSEE ARE AS UNDER: - R E F : ITA.NO. 5643/ M /2019 FOR A.Y. 2014 - 15 S UB : HEARING FIXED ON 08.042021 APP LICATION FOR WITHDRAWAL OF APPEAL WE HAVE FILED THE CAPTIONED APP E AL WHICH IS FIXED FOR H EARING BEFORE SMC BENCH, MUMBAI ON 08 APRIL, 2021 AT SR. NO. 3, IN THIS REGARDS WE SUBMIT AS UNDER: WE WISH TO WITHDRAW THE PRESENT APPEAL WITHOUT PREJUDICE TO OUR CONTENTIONS ON MERITS WHICH ARE BASED ON FACTS & APPLICABLE LAW AND WITH A VIEW TO BUY MENTAL PEACE & CONSIDERING TIME & MONEY COST OF LITIGATION AND TO FA LL IN LINE WITH THE POLICY OF AVOIDING PROTRACTED LITIGATION. KINDLY PERMIT US TO WITHDRAW THE APPEAL & OBLIGE WE TRUST OUR ABOVE REQUEST WOULD BE ACCEDED WE SINCERELY REGRET THE INCONVENIENCE CAUSED BY OUR ABOVE REQUEST . I N VIEW OF THE ABOVE SUBMISSIONS OF THE ASSESSEE REQUESTING FOR WITHDRAWAL OF APPEAL, THE APPEAL IS PERMITTED TO BE WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN . ORDER PRONOUNCED IN THE VIRTUAL COURT ON 03.08.2021. SD/ - (C.N. PRASAD) JUDICIAL MEMBER MUMBAI / DATED 03 / 08 / 2021 GIRIDHAR, SR.PS 3 ITA NO . 5643 / MUM/201 9 (A.Y: 2009 - 10) M /S. C AMPBELL S HIPPING PVT. LTD., COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY// BY ORDER (ASSTT. REGISTRAR) ITAT, MUM