AERO PISTONS P LTD, CHENNAI v. ACIT CORPORATE RANGE-1, CHENNAI

ITA 447/CHNY/2020 | 2013-2014
Pronouncement Date: 22-03-2021 | Result: Dismissed

Appeal Details

RSA Number 44721714 RSA 2020
Assessee PAN AAACA3044M
Bench Chennai
Appeal Number ITA 447/CHNY/2020
Duration Of Justice 1 year(s) 1 month(s) 1 day(s)
Appellant AERO PISTONS P LTD, CHENNAI
Respondent ACIT CORPORATE RANGE-1, CHENNAI
Appeal Type Income Tax Appeal
Pronouncement Date 22-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted B
Tribunal Order Date 22-03-2021
Assessment Year 2013-2014
Appeal Filed On 21-02-2020
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: CHENNAI . . . BEFORE SHRI DUVVURU R.L. REDDY JUDICIAL MEMBER AND SHRI S. JAYAR AMAN ACCOUNTANT MEMBER ./ ITA NOS.447 & 448/CHNY/2020 /ASSESSMENT YEAR: 2013-14 M/S.AERO PISTONS PVT. LTD. NO.57-A (NP) SIDCO INDUSTRIAL ESTATE AMBATTUR CHENNAI-600 098. V . THE A DDL . COMMISSIONER OF INCOME TAX CORPORATE RANGE-1 CHENNAI. [PAN: AAACA 3044 M ] ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR. N.ARJUN RAJ CA /RESPONDENT BY : MR. G. JOHNSON ADDL.CIT /DATE OF HEARING : 22 .0 3 .20 2 1 /DT. OF PRONOUNCEMENT : 22 .03 .2021 / O R D E R PER DUVVURU R.L. REDDY JUDICIAL MEMBER: THE ASSESSEE FILED THESE APPEALS AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-4 CHENNAI IN ITA NOS.485 & 4 86/16-17/CIT(A)-4/AY: 2013-14 DATED 03.02.2020 FOR THE AY 2013-14. 2. WHEN THESE APPEALS WERE TAKEN UP FOR HEARING TH E LEARNED COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE ASSESSEE HAS OP TED TO AVAIL THE VIVAD-SE- VISHWAS SCHEME 2020 AND FORM NO.3 WAS ALSO ISSUED. IT HAS SUBMITTED THAT IT MAY BE PERMITTED TO WITHDRAW THE APPEAL. 3. ON THE OTHER HAND THE LEARNED DEPARTMENTAL REPR ESENTATIVE HAS NOT RAISED ANY OBJECTION TO THE SUBMISSIONS OF THE LEAR NED COUNSEL FOR THE ASSESSEE. ITA NOS.447 & 448 /CHNY/2020 :- 2 -: 4. WE HAVE HEARD BOTH THE SIDES PERUSED THE MATERI ALS AVAILABLE ON RECORD AND GONE THROUGH THE ORDERS OF THE AUTHORITIES BELO W. 5. IN THIS CASE THE ASSESSEE HAS OPTED FOR THE VIV AD-SE-VISHWAS SCHEME 2020 AND THE DESIGNATED AUTHORITY HAS ISSUED FORM N O.3 FOR THE SETTLEMENT OF PENDING TAX DISPUTE. ACCORDINGLY IT PRAYED THAT I T MAY BE PERMITTED TO WITHDRAW THE APPEAL. 6. IN VIEW OF THE SUBMISSIONS OF THE ASSESSEE THE APPEALS FILED BY THE ASSESSEE ARE PERMITTED TO BE WITHDRAWN. HOWEVER I T IS OPEN TO THE ASSESSEE TO APPROACH THE TRIBUNAL BY FILING AN APPROPRIATE APPL ICATION IN THE EVENT OF ANY INJUSTICE CAUSED TO THE ASSESSEE IN RESPECT OF THE SETTLEMENT OF DISPUTE RELATING TO THE VIVAD-SE-VISHWAS SCHEME 2020. 7. IN THE RESULT THE APPEALS OF THE ASSESSEE IN IT A NOS.447 & 448/CHNY/2020 ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON THE 22 ND DAY OF MARCH 2021 IN CHENNAI. SD/ - SD/ - ( . ) (S. JAYARAMAN) / ACCOUNTANT MEMBER ( . . ) (DUVVURU R.L. REDDY) /JUDICIAL MEMBER /CHENNAI /DATED: 22 ND MARCH 2021. TLN ! /COPY TO: 1. /APPELLANT 4. $ /CIT 2. /RESPONDENT 5. /DR 3. $ ( ) /CIT(A) 6. /GF