Husky Injection Molding Systems (India) Private Limited, Chengalput V. DCIT, CHENNAI

ITA 851/CHNY/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 8612 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 2 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 18-03-2021
• Assessment Year: 2012-2013
• Appeal Filed On: 06-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R ANITA
• Section: 201

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH: CHENNAI , , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI G. MANJUNATHA , ACCOUNTAN T MEMBER ./ I . T . A NO. 851/CHNY/2017 ASSESSMENT YEAR: 201 2 - 20 1 3 M/S. HUSKY INJECTION MOLDING SYSTEMS (INDIA) PRIVATE LIMITED, NO.P - 47, VII AVENUE, DOMESTIC TARIFF AREA, NATHAM SUB POST OFFICE, MAHINDRA WORLD CITY, CHENGALPET 603 002, T. N [PAN: AA CCH 0956M ] VS. THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 2(2) , WANARPARTHY BLOCK, AAYAKAR BHAVAN, NO.121, MAHATMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI 600 034. ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR. VIKRAM VIJAYARAGHAVAN, ADVOCATE /RESPONDENT BY : M S . R. ANITA , J CIT / DATE OF HEARING : 1 6.06 .2021 / DATE OF PRONOUNCEMENT : 17. 06 .2021 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL FILED BY THE ASSESSEE IS AGAINST THE ASSESSMENT ORDER DATED 30TH JANUARY, 2017 PASSED U/S.143(3) R.W.S.144C(13) OF THE INCOME TAX ACT, 1961 RELE VANT TO THE ASSESSMENT YEAR 201 2 - 201 3 . I . T . A NO . 851 /CHNY/201 7 : - 2 - : 2 . AS FAR AS THE MERITS OF THE CASE IS C ONCERNED, 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 . HE HAS SUBMITTED THAT HE MAY BE PERMITTED TO WITHDRAW THE 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, PER USED THE MATERIALS AVAILABLE ON RECORD AND GONE THROUGH 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 . 851 /CHNY/201 7 : - 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. 851 /CHNY/201 7 IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCE D ON 17TH J UNE , 2021 IN CHENNAI. SD/ - ( ) ( G. MANJUNATHA) /ACCOUNTANT MEMBER SD/ - ( ) ( V. DURGA RAO ) /JUDICIAL MEMBER / CHENNAI, / DATED: 17 TH JUNE , 2021 IA , SR. PS / COPY TO: 1. / APPELLANT 2. / RESPONDENT 3. ( ) / CIT(A) 4. / CIT 5. / DR 6. / GF