High Volt Electricals Pvt. Ltd., Mumbai ACIT -Palghar Circle, Palghar

Last updated: 02 January 2021

Save Share

Quick Summary

The Income Tax Appellate Tribunal has dismissed the appeal filed by High Volt Electricals Pvt. Ltd. for the assessment year 2009-10. The assessee requested the withdrawal of the appeal as they had submitted an application under the Vivad Se Vishwas Scheme. The tribunal granted the withdrawal, with the option to restore the appeal if the scheme declaration is not accepted.

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by assessee for Assessment Year 2009-10 contest order of learned first appellate authority on certain grounds of appeal.

Citation :
I.T.A. No.4984/Mum/2018

IN THE INCOME TAX APPELLATE TRIBUNAL
“H” BENCH, MUMBAI
BEFORE HON’BLE SHRI PAVAN KUMAR GADALE, JM
AND
HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
(Hearing through Video Conferencing Mode)
I.T.A. No.4984/Mum/2018
Assessment Year: 2009-10)

High Volt Electricals Pvt. Ltd.
M/s Raman Shah & Associates
A-201, Inder Darshan CHSL
Next to Jain Temple, Jambli Gully,
Borivali (W), Mumbai – 400 092
PAN/GIR No. AABCH-7678-H
Appellant

Vs.

ACIT
Palghar Circle
Palghar-BIdco Road
Palghar – 401 504
Respondent

Assessee by : Letter dated 12/11/2020
Revenue by : Shri Gurbinder Singh-Ld. Sr. DR

Date of Hearing : 30/12/2020
Date of Pronouncement : 30/12/2020

O R D E R

Manoj Kumar Aggarwal (Accountant Member)

1. Aforesaid appeal by assessee for Assessment Year 2009-10 contest order of learned first appellate authority on certain grounds of appeal.

2. The assessee, vide letter dated 12/11/2020,seek withdrawal of the appeal since the assessee has already filed an application under Vivad Se Vishwas Scheme (VVS Scheme) for this year. The Ld. DR did not object to the same.

3. Accordingly, the appeal stand dismissed as withdrawn with a liberty to assessee to seek restoration of the appeal in case the aforesaid declaration filed under the scheme is not accepted, for whatever reasons.

4. The appeal stand dismissed as withdrawn.

Order pronounced on 30th December, 2020.

Sd/- Sd/-
(Pavan Kumar Gadale) (Manoj Kumar Aggarwal)
Judicial Member Accountant Member
Mumbai Dated : 30/12/2020
Sr.PS, Sudip Sarkar

Copy of the Order forwarded to :
1.The Appellant
2.The Respondent
3.The CIT(A)
4.CIT– concerned
5.DR, ITAT, Mumbai
6.Guard File

BY ORDER,
(Dy./Asstt.Registrar)
ITAT, Mumbai.

FAQ :

The case involved an appeal by High Volt Electricals Pvt. Ltd. against an order from the ACIT Palghar Circle for the assessment year 2009-10.

The appeal was filed by High Volt Electricals Pvt. Ltd. to contest an order from the first appellate authority.

The appeal was dismissed as withdrawn by the Income Tax Appellate Tribunal.

The assessee requested the withdrawal because they had filed an application under the Vivad Se Vishwas Scheme for the relevant assessment year.

Yes, the assessee has been granted liberty to seek restoration of the appeal if their declaration filed under the Vivad Se Vishwas Scheme is not accepted for any reason.