DR. RAMARATNAM SRIDHARAN, CHENNAI V. ACIT, NCC-1, CHENNAI

ITA 849/CHNY/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 8616 (ITAT-CHENNAI)
• Duration Of Justice: 7 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 22-10-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R ANITA
• Assessee Lawyers: T N SEETHARAMAN
• Section: 201

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: CHENNAI , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER ./ I . T . A NO. 8 49/CHNY/2020 ASSESSMENT YEAR: 201 2 - 20 1 3 DR. RAMARATNAM SRIDHARAN, C/O SRI T.N. SEETHARAMAN, ADVOCATE, NO.384 (OLD NO.196), LLOYDS ROAD, CHENNAI 600 086. [PAN: A NMPS 7364N ] VS. THE ASSISTANT COMMISSIONER OF INCOM E TAX, NON CORPORATE CIRCLE 1, AAYAKAR BHAVAN, NO.121, MAHATMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI 600 034. ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR. T.N. SEETHARAMAN , ADVOCATE /RES PONDENT BY : M S . R. ANITA , J CIT / DATE OF HEARING : 21 .06 .2021 / DATE OF PRONOUNCEMENT : 21. 06 .2021 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL FILED BY THE ASSESSEE IS AGAINST THE ORDER OF THE LEARNED COMMISSIONER OF INCOME TAX, (APPEALS) - 2 IN I.T.A. NO.125/CIT(A) - 2/2019 - 20, DATED 27.08.2020 RELE VANT TO THE ASSESSMENT YEAR 201 2 - 201 3 . I . T . A NO . 849/CHNY/2020 : - 2 - : 2 . AS FAR AS THE MERITS OF THE CASE IS CONCERNED, THE ASSESSEE HAS OPTED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME 2020 AND FORM NO.3 ISSUED BY THE D ESIGNATED A UTHORITY HAS BEEN RECEIVED ON 19.04.2021 . HE HAS SUBMITTED THAT HE MAY BE PERMITTED TO WITHDRAW TH E APPEAL. 3 . ON THE OTHER HAND THE LEARNED DEPARTMENTAL REPRESENTATIVE HAS NOT RAISED ANY OBJECTION TO THE SUBMISSIONS OF THE LEARNED COUNSEL FOR THE ASSESSEE. 4 . WE HAVE HEARD BOTH THE SIDES, PERUSED THE MATERIALS AVAILABLE ON RECORD AND GONE THROUG H THE ORDERS OF THE AUTHORITIES BELOW. 5 . IN THIS CASE, THE ASSESSEE HAS OPTED FOR THE VIVAD - SE - VISHWAS SCHEME 2020 AND THE DESIGNATED AUTHORITY HAS ISSUED FORM NO.3 FOR THE SETTLEMENT OF PENDING TAX DISPUTE. ACCORDINGLY, HE PRAYED THAT HE MAY BE PERMITTED TO WITHDRAW THE APPEAL. 6 . IN VIEW OF THE SUBMISSIONS OF THE ASSESSEE, THE APPEAL FILED BY THE ASSESSEE IS PERMITTED TO BE WITHDRAWN. HOWEVER , IT IS OPEN TO THE ASSESSEE TO APPROACH THE TRIBUNAL BY FILING AN APPROPRIATE APPLICATION IN THE EVENT OF ANY INJUSTICE CAUSED TO THE ASSESSEE IN I . T . A NO . 849/CHNY/2020 : - 3 - : RESPECT OF THE SETTLEMENT OF DISPUTE RELATING TO THE VIVAD - SE - VISHWAS SCHEME 2020. 7 . IN THE RESULT, THE APPEA L OF THE ASSESSEE IN I.T.A . NO. 8 49 /CHNY/20 20 IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCE D ON 21 ST JUNE , 2021 IN CHENNAI. SD/ - ( . ) ( S. JAYARAMAN ) /ACCOUNTANT MEMBER SD/ - ( ) ( V. DURGA RAO ) /JUDICIAL MEMBER / CHENNAI, / DATED: 21 ST JUNE , 2021 IA , SR. PS / COPY TO: 1. / APPELLANT 2. / RESPONDENT 3. ( ) / CIT(A) 4. / CIT 5. / DR 6. / GF