BMV EXIM (P) Ltd., Ludhiana v. JCIT, R-III, Ludhiana

ITA 504/CHANDI/2018 | 2011-2012
Pronouncement Date: 04-03-2021 | Result: Dismissed

Appeal Details

RSA Number 50421514 RSA 2018
Assessee PAN AADCB0343B
Bench Chandigarh
Appeal Number ITA 504/CHANDI/2018
Duration Of Justice 2 year(s) 10 month(s) 13 day(s)
Appellant BMV EXIM (P) Ltd., Ludhiana
Respondent JCIT, R-III, Ludhiana
Appeal Type Income Tax Appeal
Pronouncement Date 04-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted A
Tribunal Order Date 04-03-2021
Last Hearing Date 16-10-2018
First Hearing Date 04-03-2021
Assessment Year 2011-2012
Appeal Filed On 20-04-2018
Judgment Text
ITA NO NO. 504-C-2018 M/S BMV EXIM (P) LIMITED LUDHIANA 1 IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH A CHANDIGARH !' # $ % &' '( BEFORE SHRI SANJAY GARG JUDICIAL MEMBER AND MS. ANNAPURNA GUPTA ACCOUNTANT MEMBER ./ ITA NO. 504/CHD/2018 / ASSESSMENT YEAR : 2011-12 M/S BMV EXIM (P) LIMITED 961 PURANA BVAZAR LUDHIANA. THE JCIT RANGE-III LUDHIANA. ./PAN NO: AADCB0343B /APPELLANT /RESPONDENT /ASSESSEE BY : SHRI PANKAJ BHALLA (C.A) / REVENUE BY : SMT. C. CHANDRA KANTA (CIT) ! ' # /DATE OF HEARING : 04/03/2021 $%&' # /DATE OF PRONOUNCEMENT : 04/03/2021 (HEARING THROUGH VIDEO CONFERENCING) ')/ ORDER PER ANNAPURNA GUPTA ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN FILED BY THE ASSESSEE CHALLENGING THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS)- 1 LUDHIANA (HEREINAFTER REFERRED TO AS CIT(A)- ) DATED 07.03.2018 FOR THE ASSESSMENT YEAR 2011-12 PASSED U/S 250(6) OF THE INCOME TAX ACT 1961( IN SHORT ACT). ITA NO NO. 504-C-2018 M/S BMV EXIM (P) LIMITED LUDHIANA 2 2. LD. COUNSEL FOR THE ASSESSEE SUBMITTED BEFORE U S THAT IT WAS WILLING TO SETTLE THE DISPUTE UNDER THE VIVAD SE VISHWAS SCHEME-2020 A ND NECESSARY FORMS IN THIS REGARD HAD BEEN FILLED. AN APPLICATION EXPRESSING THE ABO VE INTENT OF THE ASSESSEE WAS FILED BEFORE US. 3. IN VIEW OF THE ABOVE SINCE THE ASSESSEE HAS EXPR ESSED ITS INTENTION OF NOT PURSUING THE APPEAL AND OPTING FOR SETTLING THE DISPUTE IN T HE SCHEME FRAMED BY THE LEGISLATURE IN THIS REGARD THE IMPUGNED APPEAL IS DISMISSED WITH THE LIBERTY GRANTED TO THE ASSESSEE TO GET THE APPEAL RESTORED IN CASE IT IS UNABLE TO S ETTLE THE DISPUTE UNDER VIVAD SE VISHWAS SCHEME-2020. (ORDER PRONOUNCED IN THE OPEN COURT ON 04/03/2021 ) SD/- SD/- # $ % &' (SANJAY GARG ) ( ANNAPURNA GUPT A) / JUDICIAL MEMBER '( / ACCOUNTANT MEMBER DATE: 04/03/2021 SANTOSH %()) *+) +- COPY OF THE ORDER FORWARDED TO : 1. - THE APPELLANT 2. - THE RESPONDENT 3. ) ! .- CIT 4. ) ! .)/0- THE CIT(A) 5. +1)) 3 4))#)3 4)5678- DR ITAT CHANDIGARH 6. 7)9'- GUARD FILE %( ! - BY ORDER :) - ASSISTANT REGISTRAR