Sri Ramakrishna Mills (Cbe) Ltd., Coimbatore V. ACIT Company Circle IV(2), Coimbatore

ITA 793/CHNY/2019

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 0265 (ITAT-CHENNAI)
• Duration Of Justice: 3 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-06-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2007-2008
• Appeal Filed On: 25-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

, , IN THE INCOME-TAX APPELLATE TRIBUNAL B BENCH, CHENNAI . , , BEFORE SHRI DUVVURU RL REDDY, JUDICIAL MEMBER & SHRI S. JAYARAMAN, ACCOUNTANT MEMBER ./ I.T.A.NO.793/CHNY/2019 / ASSESSMENT YEAR :2007-08 M/S. RAMAKRISHNA MILLS (CBE) LTD., 1493, SATHY ROAD, POST BOX NO. 2007, GANAPATHY, COIMBATORE 641 006. [PAN:AACCS9188A] VS. THE ASSISTANT COMMISSIONER OF INCOME TAX, COMPANY CIRCLE IV(2), COIMBATORE. ( /APPELLANT ) ( / RESPONDENT ) / APPELLANT BY : SHRI SAROJ KUMAR PARIDA, ADVOCATE / RESPONDENT BY : SHRI GURU BASHYAM, JCIT / DATE OF HEARING : 27.06.2019 /DATE OF PRONOUNCEMENT : 28.06.2019 / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) 1, COIMBATORE DATED 01.02.2018 RELEVANT TO THE ASSESSMENT YEAR 2007-08 PASSED UNDER SECTION 143(3) R.W.S. 147 OF THE INCOME TAX ACT, 1961 [ACT IN SHORT]. 2. WHEN THE APPEAL WAS TAKEN UP FOR HEARING, BY FILING LETTER OF THE ASSESSEE, REQUESTING TO DROP THE APPEAL OF THE ASSESSEE IN SUPPORT OF THE COMMUNICATION DATED 28.03.2019 RECEIVED FROM THE DEPARTMENT, THE LD. COUNSEL FOR THE ASSESSEE SOUGHT PERMISSION TO WITHDRAW THE APPEAL TO I.T.A. NO.793/CHNY/19 2 WHICH, THE LD. DR HAS NOT EXPRESSED ANY OBJECTION. WE FIND THAT VIDE COMMUNICATION DATED 28.03.2019, THE DEPARTMENT HAS INFORMED THE ASSESSEE THAT THE PENALTY PROCEEDINGS INITIATED VIDE SHOW-CAUSE NOTICE DATED 10.02.2015 IS DROPPED, VIDE LETTER DATED 08.04.2019, THE ASSESSEE HAS REQUESTED TO DROP THE APPEAL FILED VIDE THEIR LETTER DATED 25.03.2019, THROUGH WHICH, THE ASSESSEE FILED APPEAL AGAINST THE ORDER PASSED UNDER SECTION 143(3) R.W.S. 147 OF THE ACT. BEING SO, THE PRESENT APPEAL FILED BY THE ASSESSEE STANDS DISMISSED AS WITHDRAWN. 3. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED ON THE 28 TH JUNE, 2019 AT CHENNAI. SD/ - SD/ - (S. JAYARAMAN) ACCOUNTANT MEMBER (DUVVURU RL REDDY) JUDICIAL MEMBER CHENNAI, DATED, THE 28.06.2019 VM/- /COPY TO: 1. / APPELLANT, 2. / RESPONDENT, 3. ( ) /CIT(A), 4. /CIT, 5. /DR & 6. /GF.