LR2 Management K/S agent of F.B. Maersk Tankers, C/o Interocean Shipping (India) Pvt. Ltd.,, JAMNAGAR v. The Dy. Commr. of Income Tax, (International Taxation),, RAJKOT-GUJARAT

ITA 90/RJT/2016 | 2014-2015
Pronouncement Date: 26-03-2021 | Result: Dismissed

Appeal Details

RSA Number 9024914 RSA 2016
Bench Rajkot
Appeal Number ITA 90/RJT/2016
Duration Of Justice 5 year(s) 8 day(s)
Appellant LR2 Management K/S agent of F.B. Maersk Tankers, C/o Interocean Shipping (India) Pvt. Ltd.,, JAMNAGAR
Respondent The Dy. Commr. of Income Tax, (International Taxation),, RAJKOT-GUJARAT
Appeal Type Income Tax Appeal
Pronouncement Date 26-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted DB
Tribunal Order Date 26-03-2021
Date Of Final Hearing 26-03-2021
Next Hearing Date 26-03-2021
Last Hearing Date 27-02-2020
First Hearing Date 28-04-2021
Assessment Year 2014-2015
Appeal Filed On 18-03-2016
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH RAJKOT (CONDUCTED THROUGH VIRTUAL COURT) BEFORE: SHRI AMARJIT SINGH ACCOUNTANT MEMBER AND MS. MADHUMITA ROY JUDICIAL MEMBER S. NO. ITA/IT(SS)A NO. A.Y. APPELLANT (PAN NO.) RESPONDENT A.R. D.R. 1. 89/RJT/2016 2014-15 LR2 MANAGEMENT K/S DCIT INTERNATIONAL TAXATION RAJKOT GUJARAT WITHDRAWA L OM PRAKASH SINGH 2. 90/RJT/2016 2014-15 LR2 MANAGEMENT K/S DCIT INTERNATIONAL TAXATION RAJKOT GUJARAT -DO- -DO- DATE OF HEARING : 26-03-2021 DATE OF PRONOUNCEMENT : 26-03-2021 /ORDER PER BENCH:- THESE TWO APPEALS FILED BY SAME ASSESSEES ARISE FR OM ORDER OF THE CIT(A) IN PROCEEDINGS UNDER INCOME TAX ACT 1961; IN SHORT THE ACT. 2. THE ASSESSEES FILED WRITTEN SUBMISSIONS TO WITHD RAW THE APPEALS ON THE GROUND THAT THEY HAVE OPTED TO AVAIL BENEFITS OF VI VAD SE VISHWAS SCHEME 2020 AND IN THEIR SUBMISSIONS THE ASSESSEEES HAVE ALSO E NCLOSED THE COPIES FORM NO. -3 ISSUED BY THE PR. CIT OF INCOME TAX FOR APPROVING T HE APPLICATIONS FILED BY THE ASSESSEES UNDER THE VIVAD SE VISHWAS SCHEME 2020. WHEN THE MATTER WAS CALLED FOR HEARING THE LD. COUNSELS FOR THE ASSESSEES AT THE OUTSET HAVE SUBMITTED THAT THEY DO NOT WANT TO PURSUE THE SAID APPEALS SINCE THEIR APPLICATIONS UNDER VIVAD SE VISHWAS SCHEME 2020 HAVE BEEN APPROVED BY THE INCO ME TAX DEPARTMENT AND REQUESTED THAT THEIR APPLICATIONS FOR WITHDRAWAL OF APPEALS MAY PLEASE BE GRANTED. 3. THE LD. DEPARTMENTAL REPRESENTATIVE FOR THE REVE NUE STATED THAT HE HAS NO OBJECTION TO WITHDRAW THE APPEALS IN THE CIRCUMSTAN CES NARRATED ON BEHALF OF THE ASSESSEES. I.T.A. NOS. 89/RJT/2016 & 90/RJT/2016 PAGE NO. 2 4. WE HAVE CONSIDERED THE SUBMISSIONS AND APPLICATI ONS OF THE ASSESSEES FOR WITHDRAWAL OF THE APPEALS AS THEIR APPLICATIONS HAV E BEEN APPROVED UNDER VIVAD SE VISHWAS SCHEME 2020. A REFERENCE HAS BEEN MADE I N SUB-SECTION (2) & (3) OF SECTION 4 OF DIRECT TAX VIVAD SE VISHWAS SCHEME 20 20 FOR THE PURPOSE OF WITHDRAWAL OF APPEAL. IN THE LIGHT OF THE PROVISIO N MADE IN THE SCHEME AND AFTER CONSIDERING THE MATERIAL ON RECORD THE AFORESAID R EQUESTS FOR WITHDRAWAL OF APPEALS OF THE ASSESSEES TO AVAIL THE VSV SCHEME 2 020 IN ACCORDANCE WITH LAW IS ALLOWED. HOWEVER IN CASE ANY ISSUE IS REMAINED U N-RESOLVED UNDER THE SAID SCHEME THEN THE ASSESSEES WILL BE AT LIBERTY TO F ILE THE MISCELLANEOUS APPLICATIONS TO RECALL THIS ORDER TO RESTORE THE ORIGINAL APPEAL S WITHIN THE TIME LIMIT PROVIDED IN THE ACT. 5. IN THE RESULT THESE TWO APPEALS OF THE SAME ASS ESSEES ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 2 6-03-2021 SD/- SD/- (AMARJIT SINGH) (MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER AHMEDABAD: DATED 26/03/2021 TRUE COPY / COPY OF ORDER FORWARDED TO:- 1. ASSESSEE 2. REVENUE 3. CONCERNED CIT 4. CIT(A) 5 . DR ITAT AHMEDABAD 6. GUARD FILE. BY ORDER / / ( DY./ASSTT.REGISTRAR) / ITAT RAJKOT STRENGTHENED PREPARATION & DELIVERY OF ORDERS IN TH E ITAT 1) DATE OF DICTATION 26/03/2021 2) DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE T HE DICTATING MEMBER & OTHER MEMBER 26/03/2021 3) DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR . P.S./P.S. /03/2021 4) DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE TH E DICTATING MEMBER FOR PRONOUNCEMENT /03/2021 5) DATE ON WHICH THE FAIR ORDER COMES BACK TO THE S R. P.S./P.S. /03/2021 6) DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 26 /03/2021 7) DATE ON WHICH THE FILE GOES THE HEAD CLERK 8) DATE ON WHICH THE FILE GOES TO THE ASSISTANT REG ISTRAR FOR SIGNATURE ON THE ORDER 9) DATE OF DISPATCH OF THE ORDER