SANT VALVES PRIVATE LIMITED, JALANDHAR V. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JALANDHAR

MA 9/ASR/2023

AI Insights

The case involved Sant Valves Pvt. Ltd., the appellant, who filed a miscellaneous application against the order of the ITAT, Amritsar Bench, concerning the assessment year 2020-21. The application was related to a previously resolved issue under section 115BAA of the Income Tax Act. During the hearing, the appellant's legal representative informed the tribunal that the issue had been resolved and rectified by the revenue, leading to the decision to withdraw the application. Consequently, the tribunal dismissed the application, acknowledging the withdrawal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 115160 (ITAT-AMRITSAR)
• Duration Of Justice: 5 month(s) 30 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 25-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 09-04-2023
• Assessment Year: 2020-2021
• Appeal Filed On: 26-10-2022
• Laws Referred To: Section 115BAA
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR. BEFORE DR. M. L. MEENA, ACCOUNTANT MEMBER AND SH. ANIKESH BANERJEE, JUDICIAL MEMBER M.A. No. 9/Asr/2023 (In I.T.A. No. 168/Asr/2022) Assessment Year: 2020-21 Sant Valves Pvt. Ltd. G.T. Road Bye Pass 144012 Punjab India. [PAN:AABCS8750K] (Appellant) Vs. DCIT, Circle-1, Jalandhar. (Respondent) Appellant by None Respondent by Sh. Rajiv Wadhera, Sr. DR. Date of Hearing 10.04.2023 Date of Pronouncement 26.04.2023 ORDER PerAnikesh Banerjee, J.M.: The instant miscellaneous application (in brevity the MA) was filed by the assessee against the order of the ITAT, Amritsar Bench, bearing ITA No. 168/Asr/2022 related to A.Y. 2020-21 date of pronouncement on 16/09/2022. M.A. No. 9/Asr/2023 2 2. The ITAT Amritsar Bench passed the combined order against a common issue. The assessee’s issue was also covered with this common order. During hearing, the assessee through the legal representative filed a petition & mentioned that the issue which is raised in the miscellaneous application was resolved and duly rectified by the revenue related to section 115BAA. So, the assessee is ready to withdraw the application. Accordingly, the miscellaneous application of the assessee is dismissed and stands as withdrawn. 3. In the result, the Miscellaneous Application bearing M.A. No. 9/Asr/2022 is dismissed. Order pronounced in the open court on 26.04.2023 Sd/- Sd/- (Dr. M. L. Meena) (ANIKESH BANERJEE) Accountant Member Judicial Member AKV Copy of the order forwarded to: (1)The Appellant (2) The Respondent (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T. True Copy By Order