Hare Krishna Metallics Private Limited, Panaji V. Assistant Commissioner of Income Tax, Central Circle, , Panaji

ITSSA 87/PAN/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 0192 (ITAT-PANAJI)
• Duration Of Justice: 2 year(s) 6 month(s) 28 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 22-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2016-2017
• Appeal Filed On: 24-12-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRA BHAT JHA
• Assessee Lawyers: NILKANT KHANDELWAL
• Section: 22; 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI AT PUNE VIRTUAL COURT BEFORE SH RI R.S. SYAL, VICE PRESIDENT AND SH RI S.S.VISWANETHRA RAVI , J UDICIAL MEMBER . / IT (SS) A NO. 8 7 / PA N /201 8 / ASSESSMENT YEAR : 20 1 6 - 17 H ARE KRISHNA METALLICS PVT. LTD., 501, 5 TH FLOOR, SUNTECK KANAKA CORPORATE PARK, PATTO, PANAJI - GOA PAN : AABCH5291E VS. ACIT, CENTRAL CIRCLE, PANAJI APPELLANT RESPONDENT / ORDER TH IS APPEAL BY THE ASSESSEE ARISE S OUT OF THE ORDER DATED 27 - 11 - 2018 PASSED BY THE CIT(A) - 2, PANAJI IN RELATION TO THE ASSESSMENT YEAR 20 1 6 - 17 . 2. BEFORE US, THE ASSES SEE HAS FILED A LETTER DATED 30 - 03 - 2021 SEEKING WITHDRAWAL OF THE APPE AL. THE RELEVANT CONTENTS OF SUCH LETTER READ AS UNDER : WE BRING TO YOUR KIND ATTENTION THAT THE COMPANY HAD INITIATED AN APPEAL BEFORE THE HONOURABLE TRIBUNAL FOR THE AY 2016 - 17 AGAINST THE ORDER PASSED BY THE HONOURABLE COMMISSIONER OF INCOME TAX (APPEA LS), PANAJI - 2, GOA. WE MAY KINDLY BE ALLOWED TO WITHDRAW THE APPEAL FILED FOR THE SAID ASSESSMENT YEAR BEFORE THE HONOURABLE TRIBUNAL BENCH AS THE COMPANY OPTED TO SETTLE THE CASE UNDER THE DIRECT TAX VIVAD SE VISHWAS SCHEME INTRODUCED BY THE GOVERNMENT OF INDIA TO SETTLE THE TAX DISPUTES . ASSESSEE BY SHRI NILKANT KHANDELWAL REVENUE BY SHRI PRABHAT JHA DATE OF HEAR ING 2 2 - 07 - 2021 DATE OF PRONOUNCEMENT 22 - 0 7 - 2021 IT (SS) A NO. 8 7 /PAN/201 8 HARE KRISHNA METALLICS PVT. LTD., 2 3. THE LD. DR DID NOT RAISE ANY OBJECTION TO THE WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE. AS SUCH, THE ASSESSEE IS PERMITTED TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL IS DISMISSED AS WITHDRAWN . O RDER PRONOUNCED IN THE OPEN COURT ON 22 ND JULY , 2021 . SD/ - SD/ - ( S.S.VISWANETHRA RAVI ) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT PUNE ; DATED : 22 ND JULY , 2021 /GCVSR / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. 4. THE CIT( A), - 2, PAN AJI THE PR. CIT - 2, PANAJI 5 . 6 . DR, ITAT, PANAJI BENCH, PANAJI / GUARD FILE . / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE IT (SS) A NO. 8 7 /PAN/201 8 HARE KRISHNA METALLICS PVT. LTD., 3 DATE 1. DRAFT DICTATED ON 22 - 07 - 2021 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 22 - 07 - 2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO TH E SR.PS/PS SR.PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER.