M/s San Greens Ltd. (formerly known as A.C. & S. Securities Ltd.), Ludhiana V. ITO, W-7(2), Ludhiana

ITA 825/CHANDI/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2143 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 8 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 23-02-2021
• Assessment Year: 2012-2013
• Appeal Filed On: 27-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANDEEP DAHIYA

Judgement Text

, . , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH B CHANDIGARH , , BEFORE: SMT. DIVA SINGH, JM & SMT.ANNAPURNA GUPTA, AM ./ ITA NO. 825/CHD/2019 / ASSESSMENT YEAR : 2012-13 M/S SAN GREENS LTD. (FORMERLY KNOWN AS AC&S SECURITIES LTD) C/O SINGLA GUPTA & CO., 6-E, KITCHLU NAGAR, LUDHIANA. VS THE ITO, WARD 7(2), LUDHIANA. ./ PAN NO: AABCA4116D / APPELLANT / RESPONDENT / ASSESSEE BY : SHRI ASHWANI KUMAR, C.A. / REVENUE BY : SHRI SANDEEP DAHIYA, CIT / DATE OF HEARING : 2 3.02.2021 / DATE OF PRONOUNCEMENT : 23.02.2021 / ORDER PER DIVA SINGH BY THE PRESENT APPEAL, THE ASSESSEE HAS ASSAILED T HE CORRECTNESS OF THE ORDER DATED 25.03.2019 OF CIT(A) -3, LUDHIANA PERTAINING TO 2012-13 ASSESSMENT YEAR ON VARIOUS GR OUNDS. 2. HOWEVER AT THE TIME OF HEARING, LD. AR RELYING O N THE APPLICATION DATED 22.02.2021SUBMITTED THAT THE ASSE SSEE HAS AVAILED OF SETTLEMENT UNDER THE DIRECT TAX VIVAD S E VISHWAS SCHEME, 2020 AND ITS APPLICATION HAS BEEN ACCEPTED BY THE DEPARTMENT AS FORM NO. 3 STANDS ISSUED. COPY FILED . IN THESE CIRCUMSTANCES, THE ASSESSEE PRAYS FOR WITHDRAWAL OF THE APPEAL. ITA-825/CHD/2019 A.Y. 2012-13 PAGE 2 OF 2 3. THE LD. SR.DR SHRI SANDEEP DAHIYA ON A PERUSAL O F RECORD HAD NO OBJECTION TO THE PRAYER OF THE ASSESSEE. 4. WE HAVE HEARD THE SUBMISSIONS AND PERUSED THE MA TERIAL ON RECORD. IN THE AFOREMENTIONED PECULIAR FACTS AND CI RCUMSTANCES CONSIDERING THE RECORD AND THE SUBMISSIONS, THE APP EAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. SAID ORDER WAS PRONOUNCED AT THE TIME OF VIRTUAL HEARING ITSELF IN THE PRESEN CE OF THE PARTIES VIA WEBEX. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED ON 23 RD FEB.,2021. SD/- SD/- ( ) ( ) (ANNAPURNA GUPTA) (DIVA SINGH) / ACCOUNTANT MEMBER / JUDICIAL MEMBER POONAM / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. / CIT 4. ( )/ THE CIT(A) 5. , , / DR, ITAT, CHANDIGARH 6. / GUARD FILE / BY ORDER, / ASSISTANT REGISTRAR