MUNNALAL B AGARWAL, MUMBAI v. ASST CIT 14(1), MUMBAI

ITA 4972/MUM/2014 | 2011-2012
Pronouncement Date: 09-03-2021 | Result: Dismissed

Appeal Details

RSA Number 497219914 RSA 2014
Assessee PAN AAAPA7536M
Bench Mumbai
Appeal Number ITA 4972/MUM/2014
Duration Of Justice 6 year(s) 7 month(s) 9 day(s)
Appellant MUNNALAL B AGARWAL, MUMBAI
Respondent ASST CIT 14(1), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 09-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted B
Tribunal Order Date 09-03-2021
Last Hearing Date 26-03-2020
First Hearing Date 16-02-2021
Assessment Year 2011-2012
Appeal Filed On 31-07-2014
Judgment Text
ITA NO.4972/MUM/2014 A.Y. 2011 - 12 SHRI MUNNALAL B. AGARWAL VS. ASST. CIT - 14(1) 1 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH B MUMBAI BEFORE SHRI M. BALAGANESH (ACCOUNTANT MEMBER) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) ITA NO. 4972/MUM/2014 (ASSESSMENT YEAR: 2011 - 12 ) SHRI MUNNALAL B. AGARWAL C/O. D.C. JAIN & CO. 75 BOMBAY MUTUAL BLDG. 293 DR. D.N. ROAD FORT MUMBAI 400001 VS. ASST. CIT 14(1) EARNEST HOUSE 2 ND FLOOR NARIMAN POINT MUMBAI - 400021 PAN NO. AAAPA7536M (ASSESSEE) (REVENUE) ASSESSEE BY : (WITHDRAWAL REQUEST LETTER DATED 08.03.2021) REVENUE BY : SHRI THARIAN OOMMEN D.R DATE OF HEARING : 09/03 /2021 DATE OF PRONOUNCEMENT : 09 /03/2021 ORDER PER RAVISH SOOD J.M: THE PRESENT APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER PASSED BY THE CIT(A) - 25 MUMBAI WHICH IN TURN ARISES FROM THE ASSESSMENT ORDER PASSED BY THE A.O UNDER SEC. 143(3) OF THE INCOME - TAX ACT 1961 DATED 14.03.2014 FOR ASSESSMENT YE AR 2011 - 12 . 2. THE ASSESSEES COUNSEL HAS FILED A LETTER ON 08 TH MARCH 2021 WHEREIN IT IS STATED THAT AS HE HAS DECIDED TO FILE AN APPLICATION UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT 2020 IN ORDER TO SETTLE THE AFORESAID MATT ER PENDING BEFORE THE TRIBUNAL THUS THE AFORESAID APPEAL MAY BE ALLOWED TO BE WITHDRAWN. 3. THE LD. D.R DID NOT RAISE ANY OBJECTION TO SEEKING OF WITHDRAWAL OF THE APPEAL BY THE ASSESSEE APPELLANT . 4. IN VIEW OF THE ABOVE WE DISMISS THE APPEAL AS WITHDRAWN SUBJECT TO A RIDE R THAT IN THE UNLIKELY EVENT OF THE MATTER NOT BEING RESOLVED UNDER THE VIVAD SE VISHWAS SCHEME THE ASSESSEE SHALL HAVE LIBERTY TO APPROACH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. ITA NO.4972/MUM/2014 A.Y. 2011 - 12 SHRI MUNNALAL B. AGARWAL VS. ASST. CIT - 14(1) 2 5. RESULTANTLY THE APPEAL IS DISMISSED AS WITHDRAWN SUBJECT TO THE OBS ERVATION RECORDED HEREINABOVE. ORDER PRON OUNCED IN THE OPEN COURT ON 09 /03/2021. SD/ - SD/ - ( M. BALAGANESH ) (RAVISH SOOD) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBA I ; DATED: 09 .03.2021 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