SPL POLYMERS LTD (NOW A DIVISION OF SUPREME PETROCHEM LTD), MUMBAI V. DY CIT CC 4 (2), MUMBAI

ITA 7062/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6229 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 2 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2001-2002
• Appeal Filed On: 18-11-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA

Judgement Text

1 I.T.A. NO.7062 /MUM/2019 IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR (VICE PRESIDENT) AND SHRI SAKTIJIT DEY ( JUDICIAL MEMBER) I.T.A. NO.7062/MUM/2019 (ASSESSMENT YEAR200102) SPL POLYMERS LTD (NOW A DIVISION OF SUPREME PETROCHEM LTD), (FORMERLY SHINHO PETROCHEM INDIA LTD), 167, SOLITAIRE CORPORATE PARK, GURU GOVINDJI MARG, ANDHERI GHATKOPAR LINK ROAD CHAKALA, ANDHERI (E), MUMBAI-93 PAN : AAACS7249C VS THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-4(2), MUMBAI (APPELLANT) (RESPONDENT) APPELLANT BY NONE RESPONDENT BY SHRI T.S. KHALSA (DR) DATE OF HEARING 21-01-2021 DATE OF PRONOUNCEMENT 21/01/2021 O R D E R PER BENCH, THIS IS AN APPEAL BY THE ASSESSEE AGAINST ORDER DATED 22.08.2019 OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-52, MUMBAI FOR THE ASSESSMENT YEAR 2001-02. 2. WHEN THE APPEAL WAS CALLED FOR HEARING NO ONE WAS PRESENT ON BEHALF OF THE ASSESSEE. HOWEVER, THE LEARNED AUTHORISED REPRESENTATIVE OF THE ASSESSEE HAS FILED A LETTER DATED 19-01- 2021 STATING THAT THE ASSESSEE HAD FILED DECLARATION UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 FOR SETTLING THE DISPUTE ARISING IN THIS APPEAL. IT IS FURTHER STATED THAT THE DESIGNATED AUTHORITY HAS ISSUED FORM 3. THEREFORE, THE ASSESSEE HAS SOUGHT PERMISSION OF THE BENCH TO 2 I.T.A. NO.7062 /MUM/2019 WITHDRAW THE APPEAL. THE LEARNED DEPARTMENTAL REPRESENTATIVE HAS NO OBJECTION FOR WITHDRAWAL OF APPEAL BY ASSESSEE. 3. IN VIEW OF THE FACTS DISCUSSED ABOVE, WE PERMIT THE ASSESSEE TO WITHDRAW THE PRESENT APPEAL. ACCORDINGLY, APPEAL IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 21 /01/2021. SD/- SD/- ( PRAMOD KUMAR) (SAKTIJIT DEY) VICE PRESIDENT JUDICIAL MEMBER MUMBAI, DATED : 21/ 01/2021. PAVANAN, SR.P.S (ON CONTRACT) COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT. 2. THE RESPONENT. 3. THE CIT(A) 4. 4. THE CIT 5. D.R., ITAT, MUMBAI. 6. GUARD FILE. //TRUE COPY// BY ORDER I.T.A.T., MUMBAI.