M/S MEDASA INVESTMENT PVT. LTD, MUMBAI v. ITO, 10(2)(4), MUMBAI

ITA 3212/MUM/2019 | 2013-2014
Pronouncement Date: 31-05-2021 | Result: Dismissed

Appeal Details

RSA Number 321219914 RSA 2019
Assessee PAN AACCM6206H
Bench Mumbai
Appeal Number ITA 3212/MUM/2019
Duration Of Justice 2 year(s) 16 day(s)
Appellant M/S MEDASA INVESTMENT PVT. LTD, MUMBAI
Respondent ITO, 10(2)(4), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 31-05-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted D
Tribunal Order Date 31-05-2021
Last Hearing Date 20-04-2021
First Hearing Date 20-04-2021
Assessment Year 2013-2014
Appeal Filed On 14-05-2019
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH MUMBAI BEFORE SHRI M BALAGANESH ACCOUNTANT MEMBER & SHRI PAVAN KUMAR GADALE JUDICIAL MEMBER ITA NO. 3212/MUM/2019 (A.Y: 2013-14) M/S. MEDASA INVESTMENT PVT LTD. D-112 CRYSTAL PLAZA LINK ROAD ANDHERI MUMBAI 400053. VS. ITO 10(2)(4) AAYAKAR BHAVAN R.NO. 213 MK ROAD MUMBAI 400020. ./ ./ PAN/GIR NO. : AACCM6206H APPELLANT .. RESPONDENT APPELLANT BY : WITHDRAWAL LETTER DT 26.03.2021 RESPONDENT BY : SHRI THAMIAN OOMMEN DR DATE OF HEARING 31 .0 5 .2021 DATE OF PRONOUNCEMENT 31 .0 5 .2021 / O R D E R PER PAVAN KUMAR GADALE JM: THE ASSESSEE HAS FILED THE APPEAL AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) - 51 MUMB AI PASSED U/S. 143(3) AND 250 OF THE INCOME TAX ACT 1 961. 2. AT THE TIME HEARING THE ASSESSEE HAS FILED A L ETTER DT 26-03-2021 MENTIONING THAT IT INTEND TO SETTLE T HE TAX LITIGATION BY OPTING FOR VIVAD SE VISHWAS SCHEME 2 020 (VSVS2020) AND FILED AN APPLICATION IN FORM NO. 1 & 2 ITA NO. 3212/MUM/2019 MEDASA INVESTMENT PVT LTD. MUMBAI - 2 - UNDER VSVS RULES 2020. CONTRA THE LD.DR HAS NO OBJECTIONS. 3. WE HEARD THE LD DR AND PERUSED THE MATERIAL ON RECORD. SINCE THE ASSESSEE HAS FILED A LETTER ON 26.03.2021 AND HAS OPTED FOR VIVAAD SE VISHWAS SCHEME 2020 AND HAS RECEIVED FORM-3 FROM THE INCOM E TAX DEPARTMENT. WE ARE OF THE VIEW THAT NO PURPOSE WILL BE SERVED IN KEEPING THE APPEAL PENDING. ACCORDING LY WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN AND THE ASSESSEE IS GIVEN LIBERTY TO MOVE AN APPLICATION U/ S 254(2) OF THE ACT TO RECALL THE PRESENT ORDER AS PE R PROVISIONS OF LAW. 4. IN THE RESULT THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 31.05.2021 SD/- SD/- (M BALAGANESH) (PAVAN KUMAR GADALE) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI DATED 31.05.2021 KRK PS ITA NO. 3212/MUM/2019 MEDASA INVESTMENT PVT LTD. MUMBAI - 3 - / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. / THE CIT(A) 4. ( ) / CONCERNED CIT 5. '#$%&&' )* / DR ITAT MUMBAI 6. %-./0 / GUARD FILE. / BY ORDER '& //TRUE COPY// 1. ( ASST. REGISTRAR) ITAT MUMBAI