M/S. K.C. SOLVENT EXTRACTION PRIVATE LIMITED, FAZILKA V. DY. COMMISSIONER OF INCOME TAX CIRCLE - II, BATHINDA

ITA 70/ASR/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 0457 (ITAT-AMRITSAR)
• Duration Of Justice: 2 year(s) 4 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 30-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: G S BALI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, AMRITSAR BENC H, AMRITSAR (VIRTUAL COURT AT CHANDIGARH) BEFORE: SHRI. N.K.SAINI, VP & SHRI, R.L. NEGI, JM ./ ITA NO. 559/ASR/2015 / ASSESSMENT YEAR : 2011-12 SHRI MANIK ANAND 517-BASANT AVENUE, AMRITSAR THE ITO WARD 5(3) AMRITSAR ./ PAN NO: AQTPA1381K / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI ASHWANI KALIA, CA ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 574/ASR/2018 / ASSESSMENT YEAR : 2014-15 M/S B.L. MEHTA PROJECTS PRIVATE LIMITED 2078, BIRLA MILL COLONY, BATHINDA THE DY. CIT CIRCLE1 BATHINDA ./ PAN NO: AAECB4574B / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI ASHWANI KALIA, CA ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 302/ASR/2016 / ASSESSMENT YEAR : 2011-12 SHRI NARESH PURI, S/O LATE SH. RAGHUNATH SAHAI PURI, C/O M/S LUXMI FINANCERS, GURJEET MARKET, DHANGU ROAD, PATHANKOT THE ACIT CIT-VI PATHANKOT ./ PAN NO: ABKPP9553A / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI J.S. BHASIN, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 557/ASR/2017 / ASSESSMENT YEAR : 2014-15 SHRI NARESH PURI, S/O LATE SH. RAGHUNATH SAHAI PURI, C/O M/S LUXMI FINANCERS, GURJEET MARKET, DHANGU ROAD, PATHANKOT THE ACIT CIT-VI PATHANKOT ./ PAN NO: ABKPP9553A 2 / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI J.S. BHASIN, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 173/ASR/2018 / ASSESSMENT YEAR : 2009-10 SHRI GULSHAN KUMAR NEAR NEW GRAIN MARKET, SATNAM NAGAR, JALANDHAR THE ITO WARD 4(2) JALANDHAR ./ PAN NO: AERPK7446P / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI J.S. BHASIN, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 346/ASR/2018 / ASSESSMENT YEAR : 2009-10 VARINDER KUMAR SAREEN, S/O SHRI MOHAN LAL MOH. LALLIAN, NAWANSHAHAR DIST. S.B.S NAGAR THE ITO NAWANSHAHAR ./ PAN NO: ABOPS2390C / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI S.K. CHOPRA, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 631/ASR/2018 / ASSESSMENT YEAR : 2015-16 SHRI RAKESH KUMAR GUPTA JALANDHAR CANTT THE DCIT CIRCLE IV JALANDHAR ./ PAN NO: AENPG1409G / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI SUDHIR SEHGAL, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 633/ASR/2018 / ASSESSMENT YEAR : 2015-16 RAJ K COLONISER & BUILDERS PVT. LTD. THE DCIT 3 G.T. ROAD, PARAGPUR, JALANDHAR CIRCLE - IV, JALANDHAR ./ PAN NO: AADCR3816M / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI SUDHIR SEHGAL, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ./ ITA NO. 70/ASR/2019 / ASSESSMENT YEAR : 2010-11 M/S K.C. SOLVENT EXTRACTION PVT. LTD. PEER BAKHASH CHAUHAN LINK ROAD, JALALABAD, WEST, FAZILKA THE DCIT CIRCLE-2, BATHINDA ./ PAN NO: AACCK9627Q / APPELLANT / RESPONDENT ! / ASSESSEE BY : SHRI SUDHIR SEHGAL, ADVOCATE ! / REVENUE BY : SHRI G.S. BALI, DR ! &/ DATE OF HEARING : 22/06/2021 ! &/ DATE OF PRONOUNCEMENT : 22/06/2021 / // / ORDER PER BENCH: ALL THESE APPEALS BY THE DIFFERENT ASSESSEES ARE DIREC TED AGAINST THE SEPARATE ORDERS OF DIFFERENT LD. COMMISSIONERS OF INCOME TAX ( APPEAL) AT VARIOUS STATIONS AS PER FOLLOWING DETAILS: SL.NO. APPEAL NO. NAME OF CASE CIT(APPEAL / S ) OR DER DT. 1. ITA NO. 559/ASR/2015 SHRI MANIK ANAND CIT(A)-2, AMRITSAR 02.03.2015 2. ITA NO. 574/ASR/2018 M/S B.L. MEHTA PROJECTS P. LTD. CIT(A), BATHINDA 12.09.2018 3. ITA NO. 302/ASR/2016 SHRI NARESH PURI CIT(A)-2, AMRITSAR 02.03.2016 4. ITA NO. 557/ASR/2017 SHRI NARESH PURI CIT(A)-2, AMRITSAR 14.06.2017 5. ITA NO. 173/ASR/2018 SHRI GULSHAN KUMAR CIT(A)-2, JALANDHAR 18.01.2018 6. ITA NO. 346/ASR/2018 SHRI VARINDER KUMAR CIT(A)-1, JALANDHAR 28.03.2018 4 7. ITA NO. 631/ASR/2018 SHRI RAKESH KUMAR GUPTA CIT(A)-2, JALANDHAR 10.10.2018 8. ITA NO. 633/ASR/2018 RAJ K. COLONISERS & BUILDER S P. LTD. CIT(A)-2, JALANDHAR 10.10.2018 9. ITA NO. 70/ASR/2019 K.C. SOLVENT EXTRACTIONS P. LTD. CIT(A), BATHINDA 28.11.2018 2. IN ALL THE ABOVE APPEALS THE LD. COUNSELS FOR THE AS SESSEES FURNISHED SEPARATE APPLICATIONS FOR WITHDRAWAL OF THE APPEALS. 3. DURING THE COURSE OF HEARING THE LD. COUNSELS FOR T HE ASSESSEES SUBMITTED THAT SINCE THE ASSESSEES HAVE AVAILED THE IMMUNITY SCHEME I.E; VIVAD SE VISHWAS AND THE INCOME TAX DEPARTMENT HAS SINCE ISSUED FORM NO. 3 , IN RESPONSE TO THE APPLICATIONS FILED BY THE ASSESSEES, UNDER SECTION 5(1) OF THE DIREC T TAX VIVAD SE VISHWAS ACT, 2020, THEREFORE THE APPEALS OF THE ASSESSEES MAY BE ALLOWED TO BE WITHDRAWN. THE DETAILS OF ABOVE SAID CERTIFICATES ARE AS UNDER: SL.NO. APPEAL NO. NAME OF CASE CERTIFICATE NO. 1. ITA NO. 559/ASR/2015 SHRI MANIK ANAND 3408495001 30421 2. ITA NO. 574/ASR/2018 M/S B.L. MEHTA PROJECTS P. LTD. 237284580020221 3. ITA NO. 302/ASR/2016 SHRI NARESH PURI 2333661703 00121 4. ITA NO. 557/ASR/2017 SHRI NARESH PURI 213231530150121 5. ITA NO. 173/ASR/2018 SHRI GULSHAN KUMAR 234799300310121 6. ITA NO. 346/ASR/2018 SHRI VARINDER KUMAR 265793630160221 7. ITA NO. 631/ASR/2018 SHRI RAKESH KUMAR GUPTA 339503270090421 8. ITA NO. 633/ASR/2018 RAJ K. COLONISERS & BUILDER S P. LTD. 293982750180321 9. ITA NO. 70/ASR/2019 K.C. SOLVENT EXTRACTIONS P. LTD. 114598330060121 4. THE LD. DR DID NOT OBJECT IF THE ABOVE APPEALS OF T HE ASSESSEES ARE DISMISSED AS WITHDRAWN. 5. IN VIEW OF THE ABOVE THE APPEALS OF THE ASSESSEES AR E DISMISSED AS WITHDRAWN. 5 6. IN THE RESULT, APPEALS OF THE ASSESSEES ARE DISMISS ED. ORDER PRONOUNCED ON 22/06/2021. SD/- SD/- . .. . . . . . . .. . . .. . , ,, , (R.L. NEGI ) ( N.K. SAIN I) 0 0 0 0 / / / / JUDICIAL MEMBER 12 12 12 12 / // / VICE PRESIDENT AG DATE: 22/06/2021 ! 3 43/ COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. CIT 4. THE CIT(A) 5. DR, ITAT, AMRITSAR 6. GUARD FILE