MANTELONE INVESTMENTS LTD., MUMBAI V. DCIT (IT) 3 (2)91), MUMBAI

ITA 7795/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6832 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 1 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2011-2012
• Appeal Filed On: 18-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S S IYENGAR LD
• Assessee Lawyers: PINAK SHAH LD
• Section: 201

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI , , BEFORE HONBLE SHRI AMARJIT SINGH, JM AND HONBLE SHRI MANO J KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) 1 . ./ I.T.A. NO . 7795 /MUM/20 19 ( / ASSESSMENT YEAR: 2011 - 2012 ) & 1 . ./ I.T.A. NO .7796/MUM/2019 ( / ASSESSMENT YEAR: 2012 - 2013 ) & 1 . ./ I.T.A. NO .7797/MUM/2019 ( / ASSESSMENT YEAR: 2013 - 2014 ) & 1 . ./ I.T.A. NO .7798/MUM/2019 ( / ASSESSMENT YEAR: 2014 - 2015 ) M/S MA NTELONE INVESTMENTS LTD. C/O PRICEWATERHOUSECOOPERS PVT. LTD. PWC HOUSE, 1 ST FLOOR, PLOT 18/A GURU NANAK ROAD BANDRA (W), MUMBAI 400050 / VS. DCIT (I T) - RANGE - 3 (2) ( 1 ) 1630, 16 TH FLOOR, AIR INDIA BUILDING NARIMAN POINT MUMBAI - 400 0 21 . ./ ./ PAN/GIR NO. AA G CM - 0103 - P ( / APPELLANT ) : ( / RESPONDENT ) ASSESSEE BY : SHRI PINAK SHAH - LD. AR REVENUE BY : SHRI S.S. IYENGAR - LD. SR. DR / DATE OF HEARING : 2 7 /01/2021 / DATE OF PRONOUNCEMENT : 27 /01/2021 2 / O R D E R PER BENCH 1. AFORESAID APPEALS BY ASSESSEE FOR ASSESSMENT YE ARS 201 1 - 1 2 TO 2014 - 15 CONTEST SEPARATE ORDERS OF LOWER AUTHORITIES ON CERTAIN GROUNDS OF APPEAL. 2. THE LD. COUNSEL FOR ASSESSEE, SHRI PINAK SHAH , AT THE OUTSET, PLACED ON RECORD SEPARATE LETTER S DATED 2 3/12/2020 TO SUBMIT THAT THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUTE FOR ALL THE YEARS UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME) , 2020 AND THEREFORE, THE APPEALS MAY BE DISMISSED AS WITHDRAWN. THE COP IES O F FORM NO.3 AS ISSUED BY APPROPRIATE AUTHORITY FOR VARIOUS YEARS HA VE ALSO B EEN PLACED ON RECORD. T HE LD. DR DID NOT OBJECT TO WITHDRAWAL OF APPEALS. 3. SINCE THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUTE AS AFORESAID, ALL T HE APPEALS STAND DISMISSED AS WITHDRAWN WITH LIBERTY TO ASSESSEE - APPELLANT TO SEEK RESTORATION O F TH E APPEALS IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. ALL T HE APPEAL S STAND DISMISSED AS WITHDRAWN IN TERMS OF OUR ABOVE ORDER . O RDER PR ONOUNCED ON 2 7 TH JANUARY, 2021. SD/ - SD/ - (AMARJIT S INGH) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 2 7 /01/2021 SR.PS, JAISY VARGHESE 3 / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE / BY ORDER, / (DY./ASSTT .REGISTRAR) , / ITAT, MUMBAI .