MITSUBISHI- HITACHI METALS MACHINERY INC., JAPAN V. DCIT (IT), CIRCLE 3 (2)(2), MUMBAI

ITA 7265/MUM/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 1308 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2015-2016
• Appeal Filed On: 26-11-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO. 7265/MUM/2019 ASSESSMENT YEAR 2015 - 16 PAGE 1 OF 2 INCOME TAX APPELLATE TRIBUNAL MUMBAI I BENCH, MUMBAI [CORAM: PRAMOD KUMAR, VICE PRESIDENT, AND, MAHAVIR SINGH, VICE PRESIDENT] ITA NO. 7265/MUM/2019 ASSESSMENT YEAR 2015 - 16 MITSUBISHI - HITACHI METALS MACHINERY INC. .. APPELLANT 9F SHINTAMACHI BUILDING, 34 - 6, SHIBA 5 - CHOME, MINATO - KU, TOKYO, 108 - 0014, JAPAN [PAN: AAICM6058K] VS. DEPUTY COMMISSIONER OF INCOME TAX - (IT) .RESPONDENT CIRCLE 3(2)(2) MUMBAI. APPEARANCES: TOMOYUKI FUJITA FOR THE APPELLANT T. S KHALSA FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING: : NOVEMBER 27 TH , 2020 DATE OF PRONOUNCEMENT : NOVEMBER 27 TH , 2020 O R D E R PER PRAMOD KUMAR, VP: 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. 3. THERE IS NO DISPUTE THAT ONCE THE MATTER IS RESOLVED UNDER VIVAD SE VISHWAS SCHEME 2020, THE RE LATED APPEAL IS REQUIRED TO BE WITHDRAWN. ITA NO. 7265/MUM/2019 ASSESSMENT YEAR 2015 - 16 PAGE 2 OF 2 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OF THE ABOVE POSITION, AS ALSO BEARING IN MIND ENTIRETY OF THE CASE, WE DEEM IT FIT AND PROPER TO DISMISS THE APPEAL AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDRAWN.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 I N THE OPEN COURT TODAY ON THE 27 TH DAY OF NOVEMBER 2020. SD/ - SD/ - MAHAVIR SINGH PRAMOD KUMAR (VICE PRESIDENT) (VICE PRESIDENT) MUMBAI, DATED THE 27 TH DAY OF NOVEMBER, 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