ITO CORPORATE WARD 2 (2), CHENNAI V. M/S GEMINI IRON &STEEL PVT LTD, CHENNAI

MA 17/CHNY/2022

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9926 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s) 17 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 20-10-2022
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 20-10-2022
• Assessment Year: 2014-2015
• Appeal Filed On: 03-04-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

Miscellaneous Application No.17/Chny/2022 (in ITA No.1514/Chny/2018) िनधा रण वष /Assessment Year: 2014-15 The Income Tax Officer, Corporate Ward-2(2), Chennai. v. M/s.Gemini Iron & Steel- Pvt. Ltd., Shop No.4, No.73, Prince Plaza, Pantheon Road, Egmore, Chennai. [PAN: AADCG 7626 E] (अपीलाथ /Appellant) ( यथ /Respondent) Department by : Mr.P.Sajit Kumar, JCIT Assessee by : Mr.R.S.Balaji, Adv. सुनवाई क तारीख/Date of Hearing : 21.10.2022 घोषणा क तारीख /Date of Pronouncement : 21.10.2022 आदेश / O R D E R PER G. MANJUNATHA, ACCOUNTANT MEMBER: The Revenue has filed present Miscellaneous Application u/s.254(2) of the Income Tax Act, 1961, against the order of the Tribunal in ITA No.1514/Chny/2018 & ITA No.1256/Chny/2018 order dated 09.02.2021, relevant to assessment year 2014-15. आयकर अपीलीय अिधकरण, ‘ए’ यायपीठ, चे ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH: CHENNAI ी वी. दुगा राव, माननीय ाियक सद एवं ी जी. मंजूनाथा, माननीय लेखा सद के सम BEFORE SHRI V. DURGA RAO, HON’BLE JUDICIAL MEMBER AND SHRI G. MANJUNATHA, HON’BLE ACCOUNTANT MEMBER MA No.17/Chny/2022 (in ITA No.1514/Chny/2018) :: 2 :: 2. The Revenue has narrated the facts of the case and mistakes stated to be apparent on record from the order of the Tribunal dated 09.02.2021. The ld.Sr.DR for the Revenue submitted that the assessee has availed VSVS for the AYs 2013-14 & 2014-15 and the designated authority has issued Form No.3. However, the assessee has filed a letter dated 31.12.2021 to the Income Tax Officer, Corporate Ward-2(2), Chennai, stating that due to slow down in the business on account of Covid-19, the assessee is unable to make the payment under VSVS and thus, opting out of the VSVS for the AYs 2013-14 & 2014-15. The ld.Sr.DR for the Revenue submitted copy of letter filed by the assessee to the AO and requested to recall the appeal filed by the Revenue for the AY 2014-15 in ITA No.1514/Chny/2018. 3. None appeared for the assessee. We have heard the ld.Sr.DR and considered the petition filed by the Revenue and we find that the Tribunal has disposed off the appeal filed by the Revenue on the basis of submission of Counsel for the assessee, Mr.R.S.Balaji, Advocate, that the assessee is opting VSVS to settle disputes with the AO. But, the assessee has filed a letter before the AO and opted out of VSVS. Since, the assessee has opted out under VSVS, we are of the considered view that the appeal filed by the Revenue needs to be MA No.17/Chny/2022 (in ITA No.1514/Chny/2018) :: 3 :: recalled and thus, we recall ITA No.1514/Chny/2018 for the AY 2014- 15 and direct the Registry to post the appeal for hearing in due course and inform both the parties. 4. In the result, Miscellaneous Application filed by the Revenue is allowed. Order pronounced on the 21 st day of October, 2022, in Chennai. Sd/- (वी. दुगा राव) (V. DURGA RAO) याियक सद य/JUDICIAL MEMBER Sd/- (जी. मंजूनाथा) (G. MANJUNATHA) लेखा सद य/ACCOUNTANT MEMBER चे ई/Chennai, दनांक/Dated: 21 st October, 2022. TLN आदेश क ितिलिप अ ेिषत/Copy to: 1. अपीलाथ /Appellant 4. आयकर आयु /CIT 2. यथ /Respondent 5. िवभागीय ितिनिध/DR 3. आयकर आयु (अपील)/CIT(A) 6. गाड! फाईल/GF