M/s G.S. Auto International Ltd., Ludhiana V. Addl. CIT, Ludhiana

ITA 832/CHANDI/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4076 (ITAT-CHANDIGARH)
• Duration Of Justice: 4 year(s) 4 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 18-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH A, CHANDIGARH BEFORE: SMT.ANNAPURNA GUPTA, ACCOUNTANT MEMBER AND SHRI R.L. NEGI, JUDICIAL MEMBER . / ITA NO.832/CHD/2017 / ASSESSMENT YEAR : 2010-11 G.S. AUTO INTERNATIONAL LTD., G.S. ESTATE, G.T. ROAD, DHANDHARI KALAN, LUDHIANA. THE ADDL. C.I.T., RANGE V, LUDHIANA. ./PAN NO: AAACG6090R /APPELLANT /RESPONDENT & . / ITA NO.833/CHD/2017 / ASSESSMENT YEAR : 2011-12 G.S. AUTO INTERNATIONAL LTD., G.S. ESTATE, G.T. ROAD, DHANDHARI KALAN, LUDHIANA. THE A.C.I.T., CIRCLE 5, LUDHIANA. ./PAN NO: AAACG6090R /APPELLANT /RESPONDENT /ASSESSEE BY : SHRI ASHWANI KUMAR, CA SHRI ADITYA KUMAR, CA / REVENUE BY : SMT. RAJINDER KAUR, CIT $ /DATE OF HEARING : 05.10.2021 $ /DATE OF PRONOUNCEMENT: 05.10.2021 ITA NOS.832 & 833/CHD/2017 A.YS. 2010-11 & 2011-12 PAGE 2 OF 3 (HEARING THROUGH WEBEX) /ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER: THE ABOVE TWO APPEALS HAVE BEEN PREFERRED BY THE SA ME ASSESSEE AGAINST THE SEPARATE ORDERS OF THE LEARNED COMMISSIONER OF INCOME TAX(APPEALS)-2, LUDHIANA [( IN SHORT THE LD.CIT(A)] BOTH DATED 10.03.2017 RELATING TO ASSESSMENT YEARS 2010-11 AND 2011-12 PASSED U/S 250(6) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS ACT. 2. LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT SINCE THE ASSESSEES APPLICATION IN BOTH THE APPEALS FOR SETTLING THE DISPUTE UNDER THE 'VIVAD SE VISHWAS SCHEME, 2020'(V SV) HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT AND FORM NO.3 HAS BEEN ISSUED EVIDENCING THE SAME, THEREFORE, HE INTENDS TO WITHDRAW BOTH THE PRESENT APPEALS. SEPARATE APPLICA TIONS DATED 29.09.2021 FOR WITHDRAWAL OF BOTH THE APPEALS HAVE BEEN SUBMITTED BY THE LD. COUNSEL FOR THE ASSESSEE. THE LD. DR DID NOT OBJECT TO THE SAME. 3. WE HAVE PERUSED THE RECORDS AND DOCUMENTS BEFOR E US AND FIND THAT THE DISPUTE IN THE ABOVE APPEALS STAN D SETTLED UNDER THE VSV SCHEME, WHICH IS EVIDENCED BY SEPARAT E FORM NO.3 ISSUED BY THE DEPARTMENT IN THIS RESPECT FOR A SSESSMENT ITA NOS.832 & 833/CHD/2017 A.YS. 2010-11 & 2011-12 PAGE 3 OF 3 YEARS 2010-11 AND 2011-12 DATED 23.09.2021. IN VIEW OF THE SAME, THE ASSESSEES APPLICATION TO WITHDRAW THE AP PEALS IS ACCEPTED. 4. IN THE RESULT, BOTH THE ABOVE APPEALS OF THE ASS ESSEE ARE HEREBY DISMISSED AS 'WITHDRAWN'. ORDER PRONOUNCED ON 5 TH OCTOBER, 2021. SD/- SD/- (R.L. NEGI) (ANNAPURNA GUPTA) ! / JUDICIAL MEMBER ' / ACCOUNTANT MEMBER DATED: 5 TH OCTOBER, 2021 * * *+ ,+ / COPY OF THE ORDER FORWARDED TO : / THE APPELLANT / THE RESPONDENT ' - / CIT ' - ( )/ THE CIT(A) +./ 0 , $ 0 , 123/4 / DR, ITAT, CHANDIGARH /3 / GUARD FILE ' / BY ORDER, / ASSISTANT REGISTRAR