M/S AMBICO EXPORTS AND IMPORTS PVT LTD., MUMBAI V. JCIT 12 (1)(1), MUMBAI

ITA 6595/MUM/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5252 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 22-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SANJAY CHOKSHI LD

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI , , BEFORE HONBLE SHRI C.N. PRASAD, JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.6595/MUM/2019 ( / ASSESSMENT YEAR: 2015-16) M/S AMBICO EXPORTS & IMPORTS P.LTD. 6, SOMAIYA CHAMBERS, 2 ND FLOOR NEAR MALAD SHOPPING CENTRE MALAD (W), MUMBAI 400 064 / VS. JCIT - 12(1)(1) 223, 2 ND FLOOR AAYKAR BHAWAN, M.K.ROAD MUMBAI 400 020 PAN NO. : AA ECA - 7406 - P ( /APPELLANT ) : ( ! / RESPONDENT ) ASSESSEE BY : SHRI SANJAY CHOKSHI LD. AR REVENUE BY : SHRI BRAJENDRA KUMAR LD. SR. DR / DATE OF HEARING : 03/05/2021 / DATE OF PRONOUNCEMENT : 03/05/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. THE LD. AR PLACED ON RECORD A LETTER DATED 29/04 /2021 WHEREIN IT HAS BEEN THAT THE ASSESSEE HAS ALREADY OPTED FOR SE TTLEMENT OF DISPUTE FOR THE YEAR UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 AND THEREFORE, SEEKS WITHDRAWAL OF THE APPEAL. THE LD. DR DID NOT OBJECT TO THE SAME. 2 2. IN VIEW OF FOREGOING, THE APPEAL STAND DISMISSED AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF THE AP PEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 3. THE APPEAL STAND DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 03 RD MAY, 2021. SD/- SD/- (C.N. PRASAD) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 03/05/2021 SR.PS, JAISY VARGHESE !'#' / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. ! / THE RESPONDENT 3. ' ( ) / THE CIT(A) 4. ' / CIT CONCERNED 5. () # * , * , / DR, ITAT, MUMBAI 6. )+,- / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.