M/S HERO INVESTMENT PVT. LTD.,LUDHIANA V. ACIT CIRCLE-5, LUDHIANA

ITA 353/CHANDI/2019

AI Insights

This case involves an appeal by M/s Hero Investments Pvt. Ltd. against the order of the Ld. CIT (A)-2, Ludhiana, dated 10/01/2019, pertaining to the Assessment Year 2011-12. The appeal was heard by the Income Tax Appellate Tribunal, Chandigarh Bench 'A'. During the hearing, the Assessee submitted an application to withdraw the appeal, citing the resolution of the dispute through the Direct Tax Vivad Se Vishwas Scheme, 2020. The Departmental Representative did not object to this withdrawal, leading to the dismissal of the appeal.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 773616 (ITAT-CHANDIGARH)
• Duration Of Justice: 6 year(s) 5 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-09-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 27-03-2019
• Laws Referred To: Direct Tax Vivad Se Vishwas Scheme, 2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MANAV BANSAL
• Assessee Lawyers: ASHISH AGGARWAL; C.A VIRTUAL

Judgement Text

"आयकर अपीलीय अिधकरण,चǷीगढ़ Ɋायपीठ “ए” , चǷीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “A”, CHANDIGARH HEARING THROUGH: HYBRID MODE ŵी लिलत क ुमार, Ɋाियक सद˟ एवं ŵी मनोज क ुमार अŤवाल, लेखा सद˟ BEFORE: SHRI. LALIET KUMAR, JM & SHRI. MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No. 353/Chd/ 2019 िनधाŊरण वषŊ / Assessment Year : 2011-12 M/s Hero Investments Pvt. Ltd. (Now Merged into M/s Hero MotoCorp Ltd.) Hero Nagar, G.R. Road, Ludhiana Punjab-141003 बनाम The Asst. CIT Circle-5, Ludhiana ˕ायी लेखा सं./PAN NO: AAACH4072N अपीलाथŎ/Appellant ŮȑथŎ/Respondent िनधाŊįरती की ओर से/Assessee by : Shri Ashish Aggarwal, C.A (Virtual) राजˢ की ओर से/ Revenue by : Shri Manav Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 23/09/2025 उदघोषणा की तारीख/Date of Pronouncement : 23/09/2025 आदेश/Order PER LALIET KUMAR, J.M: This is an appeal filed by the Assessee against the order of the Ld. CIT (A)-2, Ludhiana dt. 10/01/2019 pertaining to Assessment Year 2011-12. 2. During the course of hearing Ld. Counsel for the Assessee submitted an application dt. 22/09/2025 for withdrawal of the present appeal, relevant contents of which read as under: “Hon’ble Sir: It is humbly submitted that the issue involved in the original assessment proceedings has been settled by the assessee company though Direct Tax Vivad Se Vishwas Scheme, 2020. Therefore, we wish to withdraw this appeal before your Honour being infructuous.” Printed from counselvise.com 2 3. Ld. DR did not object if the appeal of the assessee is dismissed as withdrawn. 4. In view of the above the appeal of the assessee is dismissed as withdrawn. 5. In the result, appeal of the Assessee is dismissed. (Order pronounced in the open Court on 23/09/2025 ) Sd/- Sd/- मनोज क ुमार अŤवाल लिलत क ुमार (MANOJ KUMAR AGGARWAL) (LALIET KUMAR) लेखा सद˟/ ACCOUNTANT MEMBER Ɋाियक सद˟ /JUDICIAL MEMBER AG आदेश की Ůितिलिप अŤेिषत/ Copy of the order forwarded to : 1. अपीलाथŎ/ The Appellant 2. ŮȑथŎ/ The Respondent 3. आयकर आयुƅ/ CIT 4. आयकर आयुƅ (अपील)/ The CIT(A) 5. िवभागीय Ůितिनिध, आयकर अपीलीय आिधकरण, चǷीगढ़/ DR, ITAT, CHANDIGARH 6. गाडŊ फाईल/ Guard File आदेशानुसार/ By order, सहायक पंजीकार/ Assistant Registrar Printed from counselvise.com "