FEDERAL EXPRESS CORPORATION , MUMBAI V. DY CIT (IT) 2 (3)91), MUMBAI

ITA 8006/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4477 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 1 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2015-2016
• Appeal Filed On: 27-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S.S.IYENGARLD.
• Assessee Lawyers: D H ANESH BAFNA LD

Judgement Text

ITA NO.8006/MUM/2019 FEDERAL EXPRESS CORPORATION ASSESSMENT YEAR: 2015-16 1 IN THE INCOME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI , , BEFORE HONBLE SHRI AMARJIT SINGH, JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.8006/MUM/2019 ( / ASSESSMENT YEAR: 2015-16) FEDERAL EXPRESS CORPORATION BOOMERANG, UNIT NO.801 WING A, 8 TH FLOOR, CHANDIVALI FARM ROAD, ANDHERI(EAST), MUMBAI-400 072. / VS. D CIT (IT) - 2(3)(1) ROOM NO.1614, 16 TH FLOOR AIR INDIA BUILDING, NARIMAN POINT MUMBAI-400 021. !' ./ ./PAN/GIR NO. AAACF-4135-E ( '$ /APPELLANT ) : ( %&'$ / RESPONDENT ) ASSESSEE BY : SHRI DHANESH BAFNA-LD. AR REVENUE BY : SHRI S.S.IYENGAR-LD. SR. DR / DATE OF HEARING : 28/01/2021 / DATE OF PRONOUNCEMENT : 01/02/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2015-16, CONTESTS CERTAIN QUANTUM ADDITIONS MADE IN FINAL AS SESSMENT ORDER DATED 24/10/2019. 2. THE LD. COUNSEL FOR ASSESSEE, SHRI DHANESH BAFNA , AT THE OUTSET, SUBMITTED THAT THE ASSESSEE HAS ALREADY OPT ED FOR DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 AND FILED REQUISITE DECLARATIONS THEREIN. THE LD. AR ALSO SUB MITTED THAT THE APPEAL MAY BE DISMISSED AS WITHDRAWN BUT WITH A LIB ERTY TO ITA NO.8006/MUM/2019 FEDERAL EXPRESS CORPORATION ASSESSMENT YEAR: 2015-16 2 ASSESSEE TO SEEK RESTORATION IN CASE THE AFORESAID DECLARATION IS NOT ACCEPTED. THE LD. DR DID NOT OBJECT TO THE SAME . 3. IN VIEW OF FOREGOING, THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTOR ATION OF THIS APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDE R THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON 01 ST FEBRUARY, 2021. SD/- SD/- (AMARJIT SINGH) (MA NOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 01/02/2021 SR.PS, JAISY VARGHESE / COPY OF THE ORDER FORWARDED TO : 1. '$ / THE APPELLANT 2. %&'$ / THE RESPONDENT 3. , ( ) / THE CIT(A) 4. , / CIT CONCERNED 5. -.% / , / , / DR, ITAT, MUMBAI 6. .012 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.