Assistant Commissioner of Income tax,, Phadnis Clinic Pvt.Ltd,, Pune


Quick Summary
This Income Tax Appellate Tribunal case involves cross-appeals by Phadnis Clinic Private Limited and the Revenue for the assessment year 2012-13. The assessee's legal heir has requested the withdrawal of both appeals. This is because the assessee has opted for a settlement under the Vivad Se Vishwas Scheme, having filed the necessary forms and received approval.

Court :
ITAT Pune

Brief :
These cross appeals by the assessee and Revenue are directed against the order passed by the CIT(Appeals)-3, Pune on 30.09.2016 in relation to the assessment year 2012-13.

Citation :
ITA No. 159/PUN/2017

IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE
(Through Virtual Court)

BEFORE SHRI R.S.SYAL, VP AND SHRI PARTHA SARATHI CHAUDHURY, JM

ITA No.125/PUN/2017
Assessment Year : 2012-13

Phadnis Clinic Private Limited
1205/04/10, Shree, Shivaji Nagar,
Pune-411 005.
PAN : AABCP0292K
Appellant

V/s.

The Deputy Commissioner of Income Tax,
Circle-4, Pune.
Respondent

ITA No. 159/PUN/2017
Assessment Year : 2012-13

The Assistant Commissioner of Income Tax,
Circle-4, Pune.
Appellant

V/s.

Phadnis Clinic Private Limited
Shree, 1205/04/10, Shivaji Nagar,
Pune-411 005.
PAN : AABCP0292K
Respondent

Assessee by : Shri Nikhil Pathak
Revenue by : Shri S.P. Walimbe

Date of Hearing : 09.12.2020
Date of Pronouncement : 09.12.2020 आदेश /

ORDER 

PER PARTHA SARATHI CHAUDHURY, JM: 

These cross appeals by the assessee and Revenue are directed against the order passed by the CIT(Appeals)-3, Pune on 30.09.2016 in relation to the assessment year 2012-13.

2. Before us, legal heir of the assessee has filed a letter dated 22.11.2020 seeking withdrawal of the appeals. The relevant content of such letter reads as under:

“1. Hearing of the above mentioned appeal has been fixed on 9th December, 2020. 

2. Most respectfully, the assessee submits before your Honour that the assessee has opted for settlement of the disputed matter in both the appeals under the Vivad Se Vishwas Scheme introduced in Union Budget, 2020. The assessee had filed Form 1 and Form 2 with Income Tax Authorities and now the designated Income Tax Authority has issued the certificate in Form 3 as an approval to the application of the assessee under the said scheme. The certificate in Form 3 has been enclosed herewith as Annexure-1.

To know more in details find the attachment file
 

FAQ :

The case concerns cross-appeals filed by Phadnis Clinic Private Limited and the Revenue for the assessment year 2012-13.

The appeals have been withdrawn because the assessee has opted for settlement under the Vivad Se Vishwas Scheme.

The Vivad Se Vishwas Scheme is a settlement scheme introduced in the Union Budget 2020 to resolve disputed tax matters.

The assessee filed Form 1 and Form 2 with the Income Tax Authorities, and a certificate in Form 3 was issued as approval.

 

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