LAVASA DIAMONDS, MUMBAI v. ITO 30(2)(2), MUMBAI

ITA 420/MUM/2017 | 2012-2013
Pronouncement Date: 03-03-2021 | Result: Dismissed

Appeal Details

RSA Number 42019914 RSA 2017
Bench Mumbai
Appeal Number ITA 420/MUM/2017
Duration Of Justice 4 year(s) 1 month(s) 13 day(s)
Appellant LAVASA DIAMONDS, MUMBAI
Respondent ITO 30(2)(2), MUMBAI
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 25-10-2018
First Hearing Date 24-02-2021
Assessment Year 2012-2013
Appeal Filed On 19-01-2017
Judgment Text
ITA NO.420/MUM/2017 M/S. LAVASA DIAMONDS 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.420/MUM/2017 ( / ASSESSMENT YEAR : 2012-13) M/S. LA VASA DIAMONDS A-1001 KEVAL TOWER 10 TH FLOOR B.J. PATEL MARG OFF MARVE ROAD OPP. SNDT COLLEGE MALAD EAST MUMBAI-400 064 / VS. I TO - 30(2)(2) PRATYAKSHKAR BHAVAN BANDRA KURLA COMPLEX BANDRA EAST MUMBAI-400 051 *+ ./ ./PAN/GIR NO. AADFL-0668-C ( +- /APPELLANT ) : ( ./+- / RESPONDENT ) ASSESSEE BY : SHRI NINAND PATADE-LD.AR REVEN UE 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 CONTEST THE ORDER OF LEARNED FIRST APPELLATE AUTHOR ITY ON CERTAIN GROUNDS OF APPEAL. THE ASSESSMENT WAS FRAMED BY LD. ASSESSING OFFICER U/S 143(3) ON 30/03/2015. ITA NO.420/MUM/2017 M/S. LAVASA DIAMONDS 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VIVAD SE VISHWAS SCHEME (VVS SCHEME) 2020 FOR THE YEAR UNDER CONSIDERATION AND THEREFORE THE APPEAL MAY BE TREA TED AS WITHDRAWN. THE 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 IN VIEW OF FOREGOING THE APPEAL STANDS DISMISSE D AS WITHDRAWN WITH A LIBERTY TO ASSESSEE TO SEEK RESTORATION OF T HE APPEAL IN CASE THE AFORESAID DECLARATION FILED UNDER THE SCHEME IS NOT ACCEPTED FOR WHATEVER REASONS. 4. THE APPEAL STANDS DISMISSED AS WITHDRAWN.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 ON 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.