VISHNULENE POLYFAB LIMITED, MUMBAI V. INCOME TAX OFFICER 4(3)(3), MUMBAI

ITA 6702/MUM/2018

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 3447 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 5 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-04-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 26-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 250

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No.6702/Mum./2018 (Assessment Year : 2010–11) VISHNULENE POLYFAB LTD. C/o D.C.Jain & Co. 75, Bombay Mutual Bldg., 1 st Floor, Dr. D.N. Road, Fort, Mumbai-400 001 PAN – AAACV1581A .......... Appellant v/s Income Tax Officer Ward–4(3)(3), Mumbai .......... Respondent Assessee by : None Revenue by : Shri S.N. Kabra, Sr-AR Date of Hearing – 27.04.2022 Date of Order – 28.04.2022 O R D E R PER SANDEEP SINGH KARHAIL, J.M. The present appeal has been filed by the assessee against the order dated 06.09.2018, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals)–2, Mumbai, for the assessment year 2010-11. 2. Vide letter dated 11.04.2022, the assessee has requested for withdrawal of the appeal, as the assessee had preferred settlement under Direct Tax Vivad Se Vishwas Act, 2020 (“VSV Act”) and Form 5 has been issued on 12.02.2021 towards full and final settlement of tax arrears for the VISHNULENE POLYFAB LTD ITA no.6702/Mum./2018 2 assessment year under consideration and tax dispute has been settled under VSV Act. 3. Learned Departmental Representative does not oppose the prayer so made by the assessee. 4. In view of the aforesaid, we accept the request of the assessee for withdrawal of its appeal for the assessment year 2010–11. 5. In the result, appeal by the assessee is dismissed as withdrawn. Order pronounced in the open court on 28.04.2022 SD/- AMARJIT SINGH ACCOUNTANT MEMBER SD/- SANDEEP SINGH KARHAIL JUDICIAL MEMBER MUMBAI, DATED: 28.04.2022 Copy of the order forwarded to: (1) The Assessee; (2) The Revenue; (3) The CIT(A); (4) The CIT, Mumbai City concerned; (5) The DR, ITAT, Mumbai; (6) Guard file. True Copy By Order Assistant Registrar ITAT, Mumbai