SUNANDA SPECIALITY COATINGS PVT LTD,MUMBAI V. THE COMMISSIONER OF INCOME TAX,APPEAL-18, MUMBAI

ITA 537/MUM/2024

AI Insights

The case involved Sunanda Speciality Coatings Pvt. Ltd., which filed an appeal against the order of the Addl./JCIT(A), Mysore, pertaining to the assessment year 2018-19. The appellant opted for the DTVSV Scheme, which is a government initiative aimed at resolving pending tax disputes. Following the procedures of the scheme, the appellant filed an application in Form 1 and received a settlement certificate and order in Form 4, thereby resolving the tax arrears. Consequently, the appellant requested the tribunal to allow the withdrawal of the appeal, which was granted.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 472738 (ITAT-MUMBAI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-02-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2018-2019
• Laws Referred To: Direct Tax Vivad Se Vishwas Scheme, 2024, Finance Act, 2024, Finance (No. 2) Act, 2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PUSHKARAJ BHANGEPATIL; DR
• Assessee Lawyers: MADHURA KARPE; AR

Judgement Text

" | आयकर अपीलीय अिधकरण \fा यपीठ, मुंबई | IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, HON’BLE VICE PRESIDENT & SHRI NARENDRA KUMAR BILLAIYA, HON’BLE ACCOUNTANT MEMBER I.T.A. No. 537/Mum/2024 Assessment Year: 2018-19 Sunanda Speciality Coatings Pvt. Ltd. 36th Floor, Sunshine Tower Senapati Bapat Marg Lower Parel Maharashtra - 400013 [PAN: AAACS8452R] Vs The Commissioner of Income Tax, Appeal – 18, Mumbai अपीला थ\u0016/ (Appellant) \u0017\u0018 यथ\u0016/ (Respondent) Assessee by : Ms. Madhura Karpe, A/R Revenue by : Shri Pushkaraj Bhangepatil, Sr. D/R सुनवाई की तारीख/Date of Hearing : 06/02/2025 घोषणा की तारीख /Date of Pronouncement: 06/02/2025 आदेश/O R D E R PER NARENDRA KUMAR BILLAIYA, AM: This appeal by the assessee is preferred against the order of the Addl./JCIT(A), Mysore [hereinafter 'the ld. CIT(A)'] dated 11/12/2023 pertaining to AY 2018-19. 2. The assessee moved the following application for withdrawal of the appeal:- МРК/ 29/2024-25 5th February, 2024 The Registrar, Income-tax Appellate Tribunal (ITAT), 3rd and 4th Floor, Pratishtha Bhawan, M K Rd, Churchgate, Mumbai - 400 020 Respected Sir/Madam, Re : Sunanda Speciality Coatings Pvt. Ltd. ; PAN: AAACS8452R; Asst. Year : 2018-19 ; Appeal No: ITA 537/MUM/2024 ; before Bench-G. Sub : Request to withdraw the appeal filed before Income-tax Appellate Tribunal (ITAT) I.T.A. No. 537/Mum/2024 2 This is in continuation of our earlier letter no MPK/25/2024-25 dated 10th January, 2024, acknowledged by the department on the same date. In that connection, we state as under : 1) Our client opted for the Direct Tax Vivad Se Vishwas (DTVSV) Scheme as per the provisions of the Direct Tax Vivad Se Vishwas Scheme, 2024. 2) An application was duly filed in Form 1 vide Acknowledgment No. 749513560111224 on 09th December, 2024. 3) We have received Certificate dated 27th December, 2024 in Form 2 vide Acknowledgment No. 779426271271224 from the designated authority. A copy of the said Certificate in Form 2 issued under Section 92(1) of the Finance Act, 2024 is once again attached herewith for your ready reference as Annexure I. 4) We have received Order in Form 4 dated 15th January, 2025 for full and final settlement of tax arrears under section 92(2) read with section 93 of Finance (No. 2) Act, 2024. A copy of the said Order in Form 4 is attached herewith for your ready reference as Annexure II. In light of the above, we request the Hon’ble Tribunal to allow our client to withdraw the said appeal, as the matter is settled under the DTVSV Scheme. Thanking you, Yours faithfully, For L.K. Manjrekar & Co. Chartered Accountants [C.A. (Mrs.) M.P. Karpe]” 3. Noting the contents of the application, appeal is dismissed as withdrawn. Order pronounced in the Court on 6th February, 2025 at Mumbai. Sd/- Sd/- (SAKTIJIT DEY) (NARENDRA KUMAR BILLAIYA) VICE-PRESIDENT ACCOUNTANT MEMBER Mumbai, Dated 06/02/2025 *SC SrPs *SC SrPs *SC SrPs *SC SrPs I.T.A. No. 537/Mum/2024 3 आदेश की \u0015ितिलिप अ\u001aेिषत /Copy of the Order forwarded to : 1. अपीलाथ\u001c / The Appellant 2. \u0015\u001dथ\u001c / The Respondent 3. संबंिधत आयकर आयु\" / Concerned Pr. CIT 4. आयकर आयु\" ) अपील ( / The CIT(A)- 5. िवभागीय \u0015ितिनिध ,आयकर अपीलीय अिधकरण, मुंबई /DR,ITAT, Mumbai, 6. गाड& फाई/ Guard file. आदेशानुसार/ BY ORDER, TRUE COPY Assistant Registrar आयकर अपीलीय अिधकरण ITAT, Mumbai "