METROCHEM INDUSTRIES LIMITED (NOW KNOWN AS METRO GLOBAL LIMITED), MUMBAI V. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1 (2)(2), MUMBAI

ITA 6799/MUM/2017

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9851 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2008-2009
• Appeal Filed On: 30-11-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO. 6799/MUM/2017 ASSESSMENT YEAR: 2008 - 09 PAGE 1 OF 2 INCOME TAX APPELLATE TRIBUNAL MUMBAI D BENCH, MUMBAI [CORAM: JUSTICE P. P. BHATT (PRESIDENT) AND PRAMOD KUMAR (VICE PRESIDENT)] ITA NO. 6799/MUM/2017 ASSESSMENT YEAR: 2008 - 09 M/S. METROCHEM INDUSTRIES LTD. .. APPELLANT (NOW KNOWN AS METRO GLOBAL LTD.) 101, 1 ST FLOOR, MANGAL - DISHA NR. GURU GANESHWAR TEMPLE, 6 TH ROAD, KHAR (W) MUMBAI 400052 [PAN: AABCM8019K] VS. DEPUTY COMMISSIONER OF INCOME TAX - CIRCLE 1(2)(2) MUMBAI. .RESPONDENT APPEARANCES: NONE FOR THE APPELLANT BHARAT ANDHALE FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING: : DECEMBER 24 TH , 2020 DATE OF PRONOUNCEMENT : DECEMBER 24 TH , 2020 O R D E R PER BENCH : 1. THE ASSESSEE HAS MOVED PETITION SEEKING WITHDRAWAL OF THE APPEAL ON THE GROUND THAT THE MATTER IS SETTLED UNDER VIVAD SE VISHWAS SCHEME 2020. 2. LEARNED DEPARTMENTAL REPRESENTATIVE DOES NOT OPPOSE THE PRAYER SO MADE BY THE ASSESSEE. ITA NO. 6799/MUM/2017 ASSESSMENT YEAR: 2008 - 09 PAGE 2 OF 2 3. THERE IS NO DISPUTE THAT ONC E THE MATTER IS RESOLVED UNDER VIVAD SE VISHWAS SCHEME 2020, THE RELATED APPEAL IS REQUIRED TO BE WITHDRAWN. 4. IN VIEW OF THE ABOVE POSITION, AS ALSO BEARING IN MIND ENTIRETY OF THE CASE, WE DEEM IT FIT AND PROPER TO DISMISS THE APPEAL AS WITHDRAWN. 5 . IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT TODAY ON THE 24 TH DAY OF DECEMBER 2020. S D / - S D / - JUSTICE P. P. BHATT PRAMOD KUMAR (PRESIDENT) (VICE PRESIDENT) MUMBAI, DATED THE 24 TH DAY OF DECEMBER, 2020 COPIES TO: (1) THE APPLICANT (2) THE RESPONDENT (3) CIT (4) CIT(A) (5) DR (6) GUARD FILE BY ORDER TRUE COPY ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI