KERSIWOOD HOLDINGS LTD., CYPRUS V. ASST CIT (IT) CIRCLE- 3 (1)(2), MUMBAI

ITA 7108/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3493 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2015-2016
• Appeal Filed On: 19-11-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: RAJAN VORALD
• Section: 143(3)

Judgement Text

ITA NO.7108/MUM/2019 KERSIWOOD HOLDINGS LTD. ASSESSMENT YEAR: 2015-16 1 IN THE INCOME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.7108/MUM/2019 ( / ASSESSMENT YEAR : 2015-16) KERSIWOOD HOLDINGS LTD. C/O. SMITA GOEL ALGO LEGAL, 8 TH FLOOR SN TOWER, 25/2, MG ROAD BANGALORE-560 001 / VS. A C IT (INTL. TAX.) - 3 (1)( 2 ) 16 TH FLOOR, AIR INDIA BUILDING NARIMAN POINT MUMBAI-400 021 +, ./ ./PAN/GIR NO. AAFCK-9247-B ( ,. /APPELLANT ) : ( /0,. / RESPONDENT ) ASSESSEE BY : SHRI RAJAN VORA -LD.AR (LETTER DATED 06/02/2021) REV ENUE BY : SHRI VIJAYKUMAR SUBRAMANIYAM-LD. SR. DR / DATE OF HEARING : 02/03/2021 / DATE OF PRONOUNCEMENT : 02/03/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2015-16 CONTEST FINAL ASSESSMENT ORDER DATED 23/10/2019 PAS SED BY LEARNED ASSESSING OFFICER U/S 143(3) R.W.S. 144C(13). ITA NO.7108/MUM/2019 KERSIWOOD HOLDINGS LTD. ASSESSMENT YEAR: 2015-16 2 2. THE LD. AR, AT THE OUTSET, SUBMITTED THAT THE AS SESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUTE UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VSV SCHEME), 2020 FOR THE YEAR UNDER CONSIDERATION AND RECEIVED FORM 3 FROM APPROPRIATE AUTHORITY AND THER EFORE, THE APPEAL MAY BE DISMISSED AS WITHDRAWN. THE LD. DR DID NOT O BJECT TO THE SAME. 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF T HE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 02 ND MARCH, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 02/03/2021 SR.PS, JAISY VARGHESE !'! / COPY OF THE ORDER FORWARDED TO : 1. ,. / THE APPELLANT 2. /0,. / THE RESPONDENT 3. 7 ( ) / THE CIT(A) 4. 7 / CIT CONCERNED 5. 89/2: , : , / DR, ITAT, MUMBAI 6. 9;<= / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.