ITA 1570/MUM/2020 | 2008-09
Pronouncement Date: 01-11-2021 | Result: Dismissed

Appeal Details

RSA Number 157019914 RSA 2020
Assessee PAN AACCR5884N
Bench Mumbai
Appeal Number ITA 1570/MUM/2020
Duration Of Justice 1 year(s) 7 month(s) 12 day(s)
Respondent ITO -12(1)(1), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 01-11-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted SMC
Assessment Year 2008-09
Appeal Filed On 19-03-2020
Judgment Text
ITA No. 1570/Mum/2020 A.Y. 2008-09 M/s Addition Multigrading Pvt. Ltd. Vs. ITO 12(1)(1) 1 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC” MUMBAI BEFORE SHRI PRAMOD KUMAR (VICE PRESIDENT) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) ITA No.1570/MUM/2020 (Assessment Year: 2008-09) M/s Addition Multitrading Pvt. Ltd. B-502 Veena Geet Sangeet Gangotri Sector 12 Mahavir Nagar Kandivali West Mumbai – 400 067 Vs. ITO 12(1)(1) Room No. 129A 1 st Floor Aayakar Bhavan Mumbai – 400 020 PAN No. AACCR5884N (Assessee) (Revenue) Assessee by : None Revenue by : Shri Milind Chavan D.R D a t e o f H e a r i n g : 0 2 / 1 1/ 2 0 2 1 D a t e o f p r o n o u n c e m e n t : 02/ 1 1 /2021 ORDER PER RAVISH SOOD J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)- 20 Mumbai which in turn arises from the assessment order passed by the A.O under Sec. 143(3) r.w.s 147 of the Income-tax Act 1961 dated 29.02.2016 for assessment year 2008-09. 2. The assessee company has filed before us a letter dated 09.09.2021 wherein it is stated that it has filed an application under the Direct Tax Vivad se Vishwas Act 2020 in order to settle the aforesaid matter pending before the Tribunal and “Form 5” have been received from the designated authority. Backed by the aforesaid facts it is requested by assessee company that the captioned appeal may be allowed to be withdrawn. 3. The ld. D.R did not controvert the aforesaid factual position that was canvassed before us. ITA No. 1570/Mum/2020 A.Y. 2008-09 M/s Addition Multigrading Pvt. Ltd. Vs. ITO 12(1)(1) 2 4. In view of the above we dismiss the appeal as withdrawn subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach the Tribunal for restoration of its appeal. 5. Resultantly the appeal is dismissed as withdrawn subject to the observations recorded hereinabove. Order pronounced in the open court on 02/11/2021 Sd/- Sd/- (Pramod Kumar) (Ravish Sood) VICE PRESIDENT JUDICIAL MEMBER Mumbai; Dated: 02.11.2021 PS: Rohit Copy of the Order forwarded to : 1. The Appellant 2. The Respondent. 3. The CIT(A)- 4. CIT 5. DR ITAT Mumbai 6. Guard file. BY ORDER //True Copy// (Sr. Private Secretary) ITAT Mumbai