GLOBAL LOGISTICS SOLUTIONS P. LTD, MUMBAI V. DCIT CIR 2(2), MUMBAI

ITA 6560/MUM/2011

• Counselvise Citation: [2012] 119 COUNSELVISE.COM (IT) 8425 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 1 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-11-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 05-11-2012
• Assessment Year: 2008-2009
• Appeal Filed On: 29-09-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: AMARD EEP
• Keywords: Sale consideration of property below Jantri Value

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES G : MUMBAI BEFORE SHRI H.L. KARWA, HONBLE PRESIDENT AND SHRI RAJENDRA SINGH, ACCOUNTANT MEMBER ITA. NO.6560/MUM/2011 ASSESSMENT YEAR 2008-2009 GLOBAL LOGISTICS SOLUTIONS PVT. LTD. MUMBAI 400 072 PAN AABCP9750C VS. DCIT 2 (2) MUMBAI (APPELLANT) (RESPONDENT) FOR APPELLANT : -NONE- FOR RESPONDENT : SHRI AMARDEEP DATE OF HEARING : 05-11-2012 DATE OF PRONOUNCEMENT : 05-11-2012 ORDER PER H.L.KARWA, PRESIDENT THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER OF THE CIT(A)-5, MUMBAI DATED 30.06.2011 RELATING TO THE A SSESSMENT YEAR 2008- 2009. 2. SHRI JISS MATHEW, DIRECTOR OF THE ASSESSEE-COMPA NY VIDE HIS LETTER DATED 24 TH AUGUST, 2012 HAS STATED AS UNDER : RE: IN THE MATTER OF GLOBAL LOGISTICS SOLUTION PV T. LTD. APPEAL NO. ITA 6560/M/2011 HEARING FIXED ON 29.08.2012 / 05.11.2012 SUB: WITHDRAWAL OF APPEAL DEAR SIR, THIS IS TO BRING TO YOUR KIND NOTICE IN THE ABOVEME NTIONED MATTER OF OUR COMPANY WHICH IS FIXED FOR HEARING ON 05.11.201 2. 2 THE COMPANY DECIDED TO WITHDRAW THE ABOVE APPEAL PE TITION. THEREFORE, WE REQUEST YOUR HONOURS TO GRANT US THE PERMISSION TO WITHDRAW THE ABOVE APPEAL AND OBLIGE. THE INCONVENIENCE CAUSED TO YOUR HONOURS IS DEEPLY REGRETTED. THANKING YOU, YOURS FAITHFULLY, FOR GLOBAL LOGISTICS SOLUTIONS INDIA PVT. LTD. SD/- JISS MATHEW DIRECTOR. 3. IN VIEW OF THE ABOVE LETTER, WE GRANT THE PERMIS SION TO ASSESSEE TO WITHDRAW THE APPEAL. CONSEQUENTLY, THE APPEAL IS DI SMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISS ED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON 05.11.2012. SD/- SD/- (RAJENDRA SINGH) (HL KARWA) ACCOUNTANT MEMBER PRESIDENT MUMBAI, DATE 05 TH NOVEMBER, 2012 VBP/- COPY TO 1. M/S. GLOBAL LOGISTICS SOLUTIONS PVT. LTD., 301, SRISHTI PLAZA, SAKI VIHAR ROAD, POWAI, MUMBAI 400 072 PAN AABCP9750C 2. DCIT 2 (2), AAYAKAR BHAVAN, MUMBAI 400 072. 3. CIT(A) - 5, MUMBAI. 4. CIT - 2, MUMBAI 5. DR G BENCH 6. GUARD FILE (TRUE COPY) BY ORDER ASST. REGISTRAR, I.T.AT. MUMBAI BENCHES MUMBAI.