MERGERMARKET LTD. , UNITED KINGDOM V. ACIT (INTERNATIONAL TAXATION) -3(2)(1), MUMBAI, MUMBAI

ITA 5995/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3660 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 5 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2016-2017
• Appeal Filed On: 20-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S.S.IYENGARLD.
• Assessee Lawyers: MADHUR AGARWALLD
• Section: 143(3)

Judgement Text

ITA NO.5995/MUM/2019 MERGERMARKET LIMITED ASSESSMENT YEAR: 2016-17 1 IN THE INCOME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.5995/MUM/2019 ( / ASSESSMENT YEAR : 2016-17) MERGERMARKET LIMITED 10, QUEEN STREET PLACE LONDON EC4R 1BE UK LONDON, UK / VS. A CIT (INTL. TAX.) - 3( 2 ) ( 1 ) ROOM NO.1607,AIR INDIA BUILDING NARIMAN POINT MUMBAI-400 021. +, ./ ./PAN/GIR NO. AAHCM-8084-E ( ,. /APPELLANT ) : ( /0,. / RESPONDENT ) ASSESSEE BY : SHRI MADHUR AGARWAL-LD.AR (LETTER/EMAIL DT. 25/02/2021) REVENUE BY : SHRI S.S. IYENGAR-LD. SR.DR / DATE OF HEARING : 03/03/2021 / DATE OF PRONOUNCEMENT : 03/03/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2016-17 CONTEST FINAL ASSESSMENT ORDER DATED 23/07/2019 PAS SED BY LEARNED ASSESSING OFFICER U/S 143(3) R.W.S. 144C(13). 2. THE LD. AR, AT THE OUTSET, SUBMITTED THAT THE AS SESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUTE UNDER DIRECT TAX VIVAD SE VISHWAS ITA NO.5995/MUM/2019 MERGERMARKET LIMITED ASSESSMENT YEAR: 2016-17 2 SCHEME (VSV SCHEME), 2020 FOR THE YEAR UNDER CONSIDERATION AND FORM NO.3 HAS BEEN ISSUED BY APPROPRIATE AUTHORITY. THE LD. DR SUBMITTED THAT THE APPEAL MAY BE DISMISSED AS WITHDRAWN. 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF T HE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 03 RD MARCH, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 03/03/2021 SR.PS, JAISY VARGHESE !'! / COPY OF THE ORDER FORWARDED TO : 1. ,. / THE APPELLANT 2. /0,. / THE RESPONDENT 3. 7 ( ) / THE CIT(A) 4. 7 / CIT CONCERNED 5. 89/2: , : , / DR, ITAT, MUMBAI 6. 9;<= / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.