ARYSTA LIFESCIENCE INDIA LTD., MUMBAI v. ITO - WARD- 6 (1), New Delhi

ITA 1141/MUM/2019 | 2012-2013
Pronouncement Date: 03-03-2021 | Result: Dismissed

Appeal Details

RSA Number 114119914 RSA 2019
Bench Mumbai
Appeal Number ITA 1141/MUM/2019
Duration Of Justice 2 year(s) 3 day(s)
Appellant ARYSTA LIFESCIENCE INDIA LTD., MUMBAI
Respondent ITO - WARD- 6 (1), New Delhi
Appeal Type Income Tax Appeal
Pronouncement Date 03-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted A
Tribunal Order Date 03-03-2021
Last Hearing Date 24-02-2021
First Hearing Date 24-02-2021
Assessment Year 2012-2013
Appeal Filed On 28-02-2019
Judgment Text
ITA NO.1141/MUM/2019 ARYSTA LIFESCIENCE INDIA LIMITED ASSESSMENT YEAR: 2012-13 1 IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH MUMBAI BEFORE HONBLE SHRI MAHAVIR SINGH VP AND HONBLE SHRI MANOJ KUMAR AGGARWAL AM (HEARING THROUGH VIDEO CONFERENCING MODE) ./ I.T.A. NO.1141/MUM/2019 ( / ASSESSMENT YEAR : 2012-13) ARYSTA LIFE S CIENCE INDIA LIMITED (SUCCESSOR ENTITY TO CHEMTURA CHEMICALS INDIA PRIVATE LIMITED) 703-ARYSTA: 301 A WING 3 RD FLOOR KANAKIA ZILLION CST ROAD & LBS MARG KURLA (W) MUMBAI-400 070 / VS. D CIT - 3(1)(1) MUMBAI. *+ ./ ./PAN/GIR NO. AAACD-0557-C/ ( +- /APPELLANT ) : ( ./+- / RESPONDENT ) ASSESSEE BY : MS. SAISUDHA MULTANI-LD. AR R EVENUE BY : SHRI BRAJENDRA KUMAR-LD.DR / DATE OF HEARING : 24/02/2021 / DATE OF PRONOUNCEMENT : 03/03/2021 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR 2012-13 CONTESTS THE ORDER OF LEARNED FIRST APPELLATE AUTHO RITY ON CERTAIN GROUNDS OF APPEAL. THE ASSESSMENT WAS FRAMED BY LD. ASSESSING OFFICER U/S 143(3) R.W.S. 144C ON 29/04/2016. ITA NO.1141/MUM/2019 ARYSTA LIFESCIENCE INDIA LIMITED ASSESSMENT YEAR: 2012-13 2 2. THE LD. COUNSEL FOR ASSESSEE AT THE OUTSET SUB MITTED THAT THE ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF DISPUT E UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME (VVS SCHEME) 2020 FOR THE YEAR UNDER CONSIDERATION AND THEREFORE THE APPEAL MAY BE TREA TED AS WITHDRAWN. A LETTER TO THAT EFFECT HAS BEEN PLACED ON RECORD. TH E LD. DR DID NOT OBJECT TO THE SAME. 3. IN VIEW OF FOREGOING THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF T HE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED 03 RD MARCH 2021 SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / VICE PRESIDENT / ACCOUNTANT MEMBER MUMBAI; DATED : 03/03/2021 SR.PS JAISY VARGHESE !'! / COPY OF THE ORDER FORWARDED TO : 1. +- / THE APPELLANT 2. ./+- / THE RESPONDENT 3. 6 ( ) / THE CIT(A) 4. 6 / CIT CONCERNED 5. 78.19 9 / DR ITAT MUMBAI 6. 8:;< / GUARD FILE / BY ORDER / (DY./ASSTT.REGISTRAR) / ITAT MUMBAI.