CIT (IT)-4(2)(2), MUMBAI V. STANDARD CHARTERED MASTERBRAND LICESING LTD(formerly known as STANDARD CHARTEREDSTRATEGIC BRAND MANAGEMENT LTD.), PALGHAR

ITA 7022/MUM/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8490 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2011-2012
• Appeal Filed On: 07-12-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AGAINST TH E DATED PASSED

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI BEFORE SHRI VIKAS AWASTHY , JM & BEFORE SHRI S. RIFAUR RAHMAN, AM / I .T.A. NO . 7022 /MUM/20 18 ( / ASSESSMENT YEAR: 2011 - 12 ) ACIT (IT) - 4(2)(2), ROOM NO. 1624, 16 TH FLOOR, AIR I NDIA BLDG, NARIMAN POINT, MUMBAI - 400 021 / VS. STANDARD CHARTERED MASTERBRAND LICENSING LTD. C/O - BSR & CO. LODHA EXCELUS, APPOLLO MILLS COMPOUNT, N. M. JOSHI MARG, MAHALAXMI, MUMBAI - 400 011 ./ ./ PAN/GIR NO. : A ANCS2552H ( / APPELLANT ) .. ( / RESPONDENT ) / DATE OF HEARING: 25 / 02 /20 21 /DATE OF PRONOUNCEMENT: 25 /03 / 20 21 / O R D E R PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER : THE PRESENT APPEAL HAS BEEN FILED BY THE REVENUE AGAINST TH E ORDER DATED 28.09.2018 PASSED BY LD. COMMISSIONER OF INCOME TAX (APPEALS) - 58 , MUMBAI [HEREINAFTER REFERRED TO AS THE LD. CIT (A) ] RELEVANT TO A.Y. 20 11 - 12 . 2 . AT THE OUTSET, WHEN THE APPEAL WAS CALLED OUT FOR HEARING, THE L D. COUNSEL OF THE ASSESSEE SUBMITTED THAT S HE HAS FILED THE NECESSARY DECLARATION UNDER DIRECT TAX VIVAD SE VISHWAS ACT, 2020 (AC T 3 OF 2020). SHE CONFIRMED THE RECEIPT OF FORM - 3 AND PRAYER TO WITHDRAW THE APPEAL. 3. THE LD. DR DID NOT OBJECT TO COURSE SO SUGGESTED. ASSESSEE BY : SHRI S. S. IYENGAR , D R REVENUE BY: MS. CHANDANI SHAH, AR ITA NO. 7022 /MUM/20 18 STANDARD CHARTERED MASTERBRAND LICENSING LTD 2 4. IN VIEW OF THE ABOVE, WE DISMISS THE APPEAL AS WITHDRAWN BASED ON THE LETTER SUBMITTED BEFORE US AND ASSESSEE HAS FILED THE RELEVANT FORM NO. 3 UNDER THE VIVAD SE VISHWAS SCHEME, 2020. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON 25 /03 /202 1 . SD/ - SD/ - ( VIKAS AWASTHY ) (S. RIFAUR RAHMAN ) /JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 25 /03 / 202 1 DHANANJAY ( SR.PS ) / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 4. / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE. / BY ORDER, //TRUE COPY// / /(DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI