SHIVRASHI EXIM LIMITED,BARIATU V. ACIT, CENTRAL CIRCLE-1, RANCHI

ITA 59/RAN/2024

AI Insights

The case involves Shivrashi Exim Limited, the appellant, against the ACIT, Central Circle-1, Ranchi, the respondent, concerning an appeal for the assessment year 2012-2013. The appeal was against an order passed by the CIT(A), Patna-3. During the tribunal hearing, the appellant's representative informed that they were in the final stages of filing an application under the VSVS Scheme, 2024, which aims to settle disputes. Given the circumstances and the potential for an amicable settlement, both parties agreed to withdraw the appeal, with a provision to revive the case if necessary.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 780682 (ITAT-RANCHI)
• Duration Of Justice: 1 year(s) 6 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-10-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 15-03-2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KHUBCHAND T. PANDYA
• Assessee Lawyers: R.R. MITTAL
• Keywords: Competent authority

Judgement Text

" IN THE INCOME TAX APPELLATE TRIBUNAL “RANCHI BENCH”, RANCHI BEFORE SHRI SONJOY SARMA, JM & SHRI RATNESH NANDAN SAHAY, AM (THROUGH HYBRID MODE) आयकर अपील सं./ITA No.59/RAN/2024 (निर्धारण वर्ा / Assessment Year :2012-2013) Shivrashi Exim Limited, Unit No.2, Ground Floor, Shri Radhe Krishna Garden, Jharkhand-834009 Vs. ACIT, Central Circle-1, Ranchi स्थायी लेखा सं./PAN No. :AAQCS 9293 N (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) निर्ाारिती की ओर से /Assessee by : Shri R.R.Mittal, AR राजस्व की ओर से /Revenue by : Shri Khubchand T. Pandya, Sr.DR सुनवाई की तारीख / Date of Hearing : 28/08/2025 घोषणा की तारीख/Date of Pronouncement : 09/10/2025 आदेश / O R D E R Per Sonjoy Sarma, JM : The above captioned appeal is filed by the assessee against the order dated 31.01.2024, passed by the ld. CIT(A), Patna-3 for the assessment year 2012-2013. 2. At the time of hearing, ld. AR fairly stated that the assessee has chosen to file an application under VSVS Scheme, 2024 and the process is at the final stage and assessee is waiting for Form No.4 from the competent authority. The assessee also stated that there is a fair chance to settle the matter under the said scheme. Therefore, at this stage, the appeal of the assessee ay be dismissed as withdrawn. In case, the Printed from counselvise.com ITA No.59 /Ran/2024 2 settlement is not materialized, in that event the assessee may be allowed to file an application for revival of the case. 3. Ld. Sr. DR has not raised any objection on such submission made by the ld.AR. 4. Considering the submission of both the parties and perusing the material available on record, we find that since the assessee has availed the benefit under the VSVS Scheme, 2024 and it is likely that the matter may be settled there amicably, therefore, considering these aspects, we dismiss the appeal of the assessee as withdrawn. In case, the issue is not materialized there, in that event the assessee may file an appropriate application for revival of the case. 5. In terms of the above, appeal of the assessee is dismissed. Order pronounced on 09/10/2025. Sd/- (RATNESH NANDAN SAHAY) Sd/- (SONJOY SARMA) लेखा सदस्य / ACCOUNTANT MEMBER न्यायिक सदस्य / JUDICIAL MEMBER रधाँची Ranchi; दिनांक Dated 09/10/2025 Prakash Kumar Mishra, Sr.P.S. आदेश की प्रनिलिपि अग्रेपर्ि/Copy of the Order forwarded to : आदेशधिुसधर/ BY ORDER, (Senior Private Secretary) आयकर अिीिीय अधर्करण, रधाँची / ITAT, Ranchi 1. अपीलार्थी / The Appellant- . 2. प्रत्यर्थी / The Respondent- 3. आयकि आयुक्त(अपील) / The CIT(A), 4. आयकर आयुक्त / CIT 5. निभागीय प्रनतनिनर्, आयकि अपीलीय अनर्किण, रधाँची / DR, ITAT, Ranchi 6. गार्ड फाईल / Guard file. सत्यापपत प्रतत //True Copy// Printed from counselvise.com "