PRECISION TIPS PVT LTD., MUMBAI V. ITO WARD 10 (3), MUMBAI

ITA 6459/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5182 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 10-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

, , !,'#$ IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH C, MUMBAI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER & SHRI VIKAS AWASTHY, JUDICIAL MEMBER . 6459 / /201 9 (#+. . 2010-11 ) ITA NO.6459/MUM/2019 (A.Y.2010-11) M/S PRECISION TIPS PRIVATE LTD. 303/304, MARINA, JUHU TARA ROAD, MUMBAI 400 049 PAN: AAACP2178F ...... !- / APPELLANT + VS. INCOME TAX OFFICER, WARD 10 (3) R.NO. 554, 5 TH FLOOR, AAYAKAR BHAVAN M K ROAD, MUMBAI 400 020 ..... .#// RESPONDENT !-0/ APPELLANT BY : SHRI JITENDRA SANGHVI .#/0/ RESPONDENT BY : MS. SHREEKALA PARDESHI +1#/ !/ DATE OF HEARING : 12/04/2021 234 1#/ !/ DATE OF PRONOUNCEMENT : 19/04 /2021 / ORDER PER VIKAS AWASTHY, JM : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST T HE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) -17, MUMBAI (I N SHORT THE CIT (A)) DATED 12/07/2019 FOR THE ASSESSMENT YEAR 2010-11. 2 ITA NO.6459/MUM/2019 (A.Y.2010-11) 2. A LETTER DATED 24/03/2021 HAS BEEN RECEIVED FROM THE CHARTERED ACCOUNTANTS OF THE ASSESSEE STATING THAT THE ASSESS EE HAS OPTED FOR VIWAD SE VISHWAS SCHEME, 2020(IN SHORT VSVS). THE DECLARA TION FILED UNDER VSVS HAS BEEN ACCEPTED AND HENCE, WANT TO WITHDRAW THE APPEA L. 3. MS. SHREEKALA PARDESHI REPRESENTING THE DEPARTME NT STATED THAT THE DEPARTMENT HAS NO OBJECTION IF THE ASSESSEE WANTS T O WITHDRAW THE APPEAL TO AVAIL THE BENEFIT OF VSVS. 4. A PERUSAL OF ABOVE LETTER SHOWS THAT THE ASSESSE ES DECLARATION UNDER VSVS FOR THE IMPUGNED ASSESSMENT YEAR HAS BEEN ACCEPTED AND THE DESIGNATED AUTHORITY HAS ISSUED FORM-3. IN VIEW OF ABOVE, THE APPEAL BY ASSESSEE IS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, APPEAL BY ASSESSEE IS DISMISSED A S WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON MONDAY, THE 1 9 TH DAY OF APRIL, 2021. SD./- SD./- (SHAMIM YAHYA) (VIKAS AWASTHY ) / ACCOUNTANT MEMBER '# / JUDICIAL MEMBER / MUMBAI, 5+/ DATED: 19/04/2021 VM , SR. PS (O/S) 3 ITA NO.6459/MUM/2019 (A.Y.2010-11) COPY OF THE ORDER FORWARDED TO : 1. !- / THE APPELLANT , 2. .#/ / THE RESPONDENT. 3. 6/ ( )/ THE CIT(A)- 4. 6/ CIT 5. 78.#/#+ , . . . , / DR, ITAT, MUMBAI 6. 89:;< / GUARD FILE. BY ORDER, //TRUE COPY// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI