ACIT Central Circle 46, V. Bhaichand Amoluk Consultancy Services P.Ltd.,

ITSSA 350/MUM/2004

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7289 (ITAT-MUMBAI)
• Duration Of Justice: 16 year(s) 7 month(s) 17 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 21-01-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: H
• Next Hearing Date: 27-01-2016
• Assessment Year: misc
• Appeal Filed On: 04-06-2004
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SURENDER KUMAR LD
• Assessee Lawyers: BURZINLD

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM (HEARING THROUGH VIDEO CONFERENCING MODE) 1. IT(SS)A NO.02/MUM/2014 (BLOCK PERIOD-01/04/1990 TO 22/01/2001) BHAICHAND AMOLUK & CO. COMMERCIAL UNION HOUSE 9, WALLACE STREET, FORT MUMBAI-400 001. / VS. ACIT - RANGE - 12(1) MUMBAI. !' ./ ./PAN/GIR NO. AADFB-5868-Q ( '% /APPELLANT ) : ( &''% / RESPONDENT ) & 2. IT(SS)A NO.322/MUM/2004 (BLOCK PERIOD-01/04/1990 TO 22/01/2001) BHAICHAND AMOLUK CONSULTANCY SERVICES PVT. LTD. COMMERCIAL UNION HOUSE 9, WALLACE STREET, FORT MUMBAI-400 001 / VS. ACIT - RANGE - 12(1) MUMBAI. !' ./ ./PAN/GIR NO. AAACB-6034-A ( '% /APPELLANT ) : ( &''% / RESPONDENT ) & 3. IT(SS)A NO.350/MUM/2004 (BLOCK PERIOD-01/04/1990 TO 22/01/2001) AC - CC - 46 ROOM NO.136 AAYKAR BHAVAN M.K. ROAD, MUMBAI-20. / VS. BHAICHAND AMOLUK CONSULTANCY SERVICES PVT. LTD. COMMERCIAL UNION HOUSE 9, WALLACE STREET, FORT MUMBAI-400 001. !' ./ ./PAN/GIR NO. AAACB-6034-A ( '% /APPELLANT ) : ( &''% / RESPONDENT ) ASSESSEE BY : SHRI BURZIN-LD. AR REVENUE BY : SHRI SURENDER KUMAR- LD. CIT-DR / DATE OF HEARING : 21/01/2021 2 / DATE OF PRONOUNCEMENT : 21/01/2021 / O R D E R PER BENCH 1. THE CAPTIONED APPEALS BY DIFFERENT ASSESSEE AS W ELL AS BY REVENUE CONTEST SEPARATE ORDERS OF LEARNED FIRST AP PELLATE AUTHORITY. 2. THE LD. COUNSEL FOR ASSESSEE, SHRI BURZIN, AT TH E OUTSET, SUBMITTED THAT THE CAPTIONED ASSESSEE HAS ALREADY O PTED FOR SETTLEMENT OF DISPUTE FOR THE BLOCK PERIOD UNDER DI RECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME), 2020 AND THEREFORE, THE APPEALS MAY BE DISMISSED WITH A LIBERTY TO SEEK RES TORATION IN CASE THE ASSESSEE DO NOT SUCCEED THEREIN. THE LD. DR ALS O RAISED SIMILAR PLEA. 3. SINCE THE CAPTIONED ASSESSEE HAS ALREADY OPTED F OR SETTLEMENT OF DISPUTE AS AFORESAID, ALL THE APPEALS STAND DISMISSED AS WITHDRAWN WITH LIBERTY TO ASSESSEE-APPELLANT AS WELL AS REVENUE- APPELLANT TO SEEK RESTORATION OF THE APPEALS IN CAS E THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED, FOR WHATEVER REASONS. 4. ALL THE APPEALS STAND DISMISSED AS WITHDRAWN IN TERMS OF OUR ABOVE ORDER. ORDER PRONOUNCED ON 21 ST JANUARY, 2021. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 21/01/2021 SR.PS, JAISY VARGHESE 3 / COPY OF THE ORDER FORWARDED TO : 1. '% / THE APPELLANT 2. &''% / THE RESPONDENT 3. # #- ( ) / THE CIT(A) 4. # #- / CIT CONCERNED 5. ./& ) 0 , # 0 , / DR, ITAT, MUMBAI 6. /123 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.