M/S.GOVERDHAN INFRAVENTURES PVT.LTD., MUMBAI V. JCIT(OSD),CC-2(1), MUMBAI

ITA 8068/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7111 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2013-2014
• Appeal Filed On: 21-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIJAY JAISWAL
• Section: 271(1)(c)

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH G, MUMBAI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER & SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER . 8068 / /2019 (. . 2013-14 ) ITA NO.8068/MUM/2019 (A.Y.2013-14) . 8069 / /2019 (. . 2014-15 ) ITA NO.8069/MUM/2019 (A.Y.2014-15) . 8070 / /2019 (. . 2015-16 ) ITA NO.8070/MUM/2019 (A.Y.2015-16) . 8071 / /2019 (. . 2014-15 ) ITA NO.8071/MUM/2019 (A.Y.2014-15) M/S GOVERDHAN INFRAVENTURES PVT. LTD. (NOW KNOWN AS M/S. VERIZON INFRA AND TRADE PVT. LTD.) SHOP NO.23, PART-A, SAI CLASSIC, 90 FEET ROAD, MULUND (EAST), MUMBAI-400081. PAN: AADCG9241R ...... / APPELLANT VS. JCIT (OSD), CC- 2(1) MUMBAI. ..... / RESPONDENT / APPELLANT BY : SH. K.P. DEWANI, ADVOCATE / RESPONDENT BY : SH. VIJAY JAISWAL / DATE OF HEARING : 25/08/2021 / DATE OF PRONOUNCEMENT : 25/08/2021 / ORDER PER VIKAS AWASTHY, J.M: THE APPEALS BY THE ASSESSEE IN ITA NO. 8068 TO 8070 MUM 2019 ARE DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-48, 2 . 8068 TO 8071 / /2019 (. .2013-14 TO 2015-16 ) ITA NO.8068 TO 8071/MUM/2019 (A.Y.2013-14 TO 2015-16) MUMBAI [HEREINAFTER REFERRED TO AS THE CIT(A)] DATED 21.06.2019 COMMON FOR ASSESSMENT YEARS (A.Y.) 2013-14 TO 2015-16 CONFIRMING LEVY OF PENALTY U/S 271(1)(C) OF THE INCOME TAX ACT, 1961 [HEREINAFTER REFERRED TO AS THE ACT]. IN ITA NO. 8071/MUM/2019 THE ASSESSEE HAS IMPUGNED THE ORDER OF CIT(A) DATED 21/06/2019 FOR THE A.Y. 2014-15 CONFIRMING PENALTY LEVIED U/S 271AAB(1) OF THE ACT. 2. THE LD. COUNSEL OF THE ASSESSEE STATED THAT THE ASSESSEE HAS OPTED FOR VIWAD SE VISHWAS SCHEME, 2020 (IN SHORT VSVS) AND HENCE, THE ASSESSEE WANT TO WITHDRAW THE APPEALS. A LETTER DATED 25.08.2021 HAS ALSO BEEN FILED TO THIS EFFECT. 3. SHRI VIJAY JAISWAL REPRESENTING THE DEPARTMENT STATED THAT THE DEPARTMENT HAS NO OBJECTION IF THE ASSESSEE WANTS TO WITHDRAW APPEAL TO AVAIL THE BENEFIT OF VSVS. 4. A PERUSAL OF ABOVE COMMUNICATION FROM THE COUNSEL OF ASSESSEE SHOWS THAT THE ASSESSEES DECLARATION UNDER VSVS FOR THE IMPUGNED ASSESSMENT YEARS HAS BEEN ACCEPTED AND THE DESIGNATED AUTHORITY HAS ISSUED FORM-3 AND THE ASSESSEE HAS PAID THE AMOUNT AS MENTIONED IN RESPECTIVE FORM NO.3. IN VIEW OF ABOVE, ALL FOUR APPEALS BY THE ASSESSEE ARE DISMISSED, AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON WEDNESDAY , THE 25 TH DAY OF AUGUST, 2021. SD/- SD/- (MANOJ KUMAR AGGARWAL) (VIKAS AWASTHY) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / MUMBAI, / DATED: 25/08/2021 SK, PS 3 . 8068 TO 8071 / /2019 (. .2013-14 TO 2015-16 ) ITA NO.8068 TO 8071/MUM/2019 (A.Y.2013-14 TO 2015-16) COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT , 2. / THE RESPONDENT. 3. ( ) / THE CIT(A)- 4. CIT 5. , . . . , / DR, ITAT, MUMBAI 6. [ / GUARD FILE. BY ORDER, //TRUE COPY// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI