Sh. Maharaj Krishan Gupta , Ludhiana V. ITO, W-6(4), Ludhiana

ITA 671/CHANDI/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2156 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 9 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 08-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ASHOK KHANNA

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH B, CHANDIGARH , ! ' , $ % & ' ( , ' BEFORE: SMT.DIVA SINGH, JUDICAL MEMBER AND SMT.ANNAPURNA GUPTA, ACCOUNTANT MEMBER ./ ITA NO.670/CHD/2019 / ASSESSMENT YEAR : 2011-12 SH.MAHARAJ KRISHAN GUPTA & SONS(HUF), 475-A, MODEL TOWN EXTENSION, LUDHIANA. THE INCOME TAX OFFICER, WARD-6(4), LUDHIANA. ./PAN NO: AAEHM6717Q /APPELLANT /RESPONDENT & ./ ITA NO.671/CHD/2019 / ASSESSMENT YEAR : 2011-12 SH.MAHARAJ KRISHAN GUPTA, 475-A, MODEL TOWN EXTENSION, LUDHIANA. THE INCOME TAX OFFICER, WARD-6(4), LUDHIANA. ./PAN NO: AAVPG 3958 L /APPELLANT /RESPONDENT /ASSESSEE BY : SHRI ASHWANI KUMAR,, C.A. ! / REVENUE BY : SHRI ASHOK KHANNA, ADDL.CIT ' # $ /DATE OF HEARING : 24.02.2021 %&'( $ /DATE OF PRONOUNCEMENT: 24.02. 2021 (VIRTUAL COURT) / ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER : THE ABOVE TWO APPEALS RELATE TO THE ASSESSEE I N HIS INDIVIDUAL CAPACITY AND TO HIS HUF AND HAVE BE EN PREFERRED ITA NOS.670 & 671 /CHD/2019 A.Y. 2011-12 PAGE 2 OF 4 AGAINST THE ORDER OF THE COMMISSIONER OF INCOM E TAX (APPEALS)-3, LUDHIANA DATED 19.03.2019 AND 14.03.20 19 RESPECTIVELY, PASSED U/S 250(6)) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT. BOTH THE APPEALS RELATE TO ASSESSMENT YEAR 2011-12. 2. AT THE OUTSET, LD. COUNSEL FOR THE ASSESSEE HAS SU BMITTED THAT SINCE THE ASSESSEES APPLICATION FOR SETTLING THE DISPUTE UNDER THE 'VIVAD SE VISHWAS SCHEME, 2020'(VSV) HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT AND FORM NO.3 HAS BEEN ISSUED EVIDENCING THE SAME, THEREFORE, HE INTE NDS TO WITHDRAW THE PRESENT APPEALS. SEPARATE APPLICATION S DATED 23.02.2021 FOR WITHDRAWAL OF BOTH THE APPEALS HAVE BEEN SUBMITTED BY THE LD. COUNSEL FOR THE ASSESSEE. THE LD. DR DID NOT OBJECT TO THE SAME. 3. WE HAVE PERUSED THE RECORDS AND DOCUMENTS BEFORE US AND FIND THAT THE DISPUTE IN BOTH THE APPEALS STANDS SE TTLED UNDER THE VSV SCHEME, WHICH IS EVIDENCED BY FORM NO.3 ISS UED BY THE DEPARTMENT IN THIS RESPECT DATED 26.10.2020 IN BOTH THE CASES. IN VIEW OF THE SAME, THE ASSESSEES APPLICAT ION TO WITHDRAW THE APPEAL IS ACCEPTED. ITA NOS.670 & 671 /CHD/2019 A.Y. 2011-12 PAGE 3 OF 4 4. IN THE RESULT, BOTH THE APPEALS, THEREFORE, ARE HEREBY DISMISSED AS 'WITHDRAWN'. ORDER PRONOUNCED ON 24.02.2021. SD/- SD/- (DIVA SINGH) (ANNAPURNA GUPTA) !'/ JUDICIAL MEMBER )*'/ ACCOUNTANT MEMBER DATED: 25 TH FEBRUARY, 2021 * * *+ ,+ / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ' - / CIT 4. ' - ( )/ THE CIT(A) 5. +./ 0 , $ 0 , 123/4 / DR, ITAT, CHANDIGARH 6. /3 / GUARD FILE ' / BY ORDER, / ASSISTANT REGISTRAR ITA NOS.670 & 671 /CHD/2019 A.Y. 2011-12 PAGE 4 OF 4 DRAFT DICTATED 24 .0 2 .20 2 1 SR.PS DRAFT PLACED BEFORE AUTHOR 24 .0 2 .20 2 1 SR.PS APPROVED DRAFT COMES TO THE SR.PS/PS 02.2021 SR.PS ORDER SIGNED AND PRONOUNCED ON FILE SENT TO THE BENCH CLERK SR.PS DATE ON WHICH FILE GOES TO THE AR DATE ON WHICH FILE GOES TO THE HEAD CLERK. DATE OF DISPATCH OF ORDER.