WYETH PHARMACEUTICALS INDIA P. LTD, MUMBAI V. ITO 14 (3)(3), MUMBAI

ITA 5907/MUM/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 9473 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 2 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2014-2015
• Appeal Filed On: 15-10-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA SR

Judgement Text

ITA NO.5907/MUM/2018 WYETH PHARMACEUTICALS INDIA P. LTD. ASSESSMENT YEAR: 2014-15 1 IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.5907/MUM/2018 ( / ASSESSMENT YEAR: 2014-15) WYETH PHARMACEUTICALS INDIA PRIVATE LTD. 1802 & 1901, THE CAPITAL, PLOT NO.C-70 G-BLOCK, BANDRA-KURLA COMPLEX BANDRA (EAST), MUBAI-400 051. / VS. ITO - 14(3)(3) AAYAKAR BHAWAN MK ROAD MUMBAI-400 020. !' ./ ./PAN/GIR NO. AAACW-6225-E ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) ASSESSEE BY : EMAIL DATED 05/01/2021 REVENUE BY : SHRI T.S. KHALSA-SR. DR / DATE OF HEARING : 06/01/2021 / DATE OF PRONOUNCEMENT : 06/01/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2014-15, CONTESTS THE ORDER OF LEARNED FIRST APPELLATE AUTHO RITY ON CERTAIN GROUNDS OF APPEAL. 2. THE ASSESSEE, VIDE E-MAIL DATED 05/01/2021, EXPR ESSED INTENTION TO OPT FOR DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME) 2020, FOR THIS YEAR. THE LD. DR SUBMITTED THAT THE APPEA L MAY BE DISMISSED FOR THE AFORESAID REASON. ITA NO.5907/MUM/2018 WYETH PHARMACEUTICALS INDIA P. LTD. ASSESSMENT YEAR: 2014-15 2 3. KEEPING IN VIEW THE CONTENTS OF E-MAIL, SINCE TH E ASSESSEE IS SETTLING THE DISPUTE UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 , WE ARE INCLINED TO DISMISS THE APPEAL FOR THE TIME BEING WITH A LIBERTY TO THE ASSESSEE TO SEEK R ESTORATION OF APPEAL IN CASE DECLARATION FILED UNDER THE SCHEME I S NOT ACCEPTED FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED IN TERMS OF OUR ABOV E ORDER. ORDER PRONOUNCED ON 06 TH JANUARY, 2021. SD/- SD/- (MAHAVIR SINGH) (MAN OJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 06/01/2021 SR.PS, JAISYVARGHESE / COPY OF THE ORDER FORWARDED TO : 1. '$ / THE APPELLANT 2. %&'$ / THE RESPONDENT 3. - ( ) / THE CIT(A) 4. - / CIT CONCERNED 5. ./% ( 0 , 0 , / DR, ITAT, MUMBAI 6. /123 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.