Kyal Trading Pvt. Ltd. (Formerly Laxman Logistics Pvt. Ltd.), Mumbai DCIT- ,Circle-5(2)(2), Mumbai

Last updated: 02 January 2021

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Kyal Trading Pvt. Ltd., formerly Laxman Logistics, appealed a tax order for the 2013-14 assessment year. During the hearing, the assessee opted to join the Vivad Se Vishwas Scheme and requested the withdrawal of their appeal. The Revenue did not object, and the appeal was subsequently dismissed as withdrawn. The assessee retains the liberty to seek restoration if their declaration under the scheme is not accepted.

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by assessee for Assessment Years 2013-14 contest order of learned first appellate authority on certain grounds of appeal.

Citation :
I.T.A. No.5428/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.5428/Mum/2018
Assessment Year: 2013-14)

Kyal Trading Pvt. Ltd.
(formerly Laxman Logistics P. Ltd.)
F-2/4, Hari Niketan Society
Bangur Nagar, Goregaon (W)
Mumbai – 400 090
PAN/GIR No. AABCL-5755-F
Appellant

Vs.
DCIT-5(2)(2)
571, 5th Floor, Aaykar Bhavan,
M.K. Road, Mumbai-400 020
Respondent

Assessee by : Ms. Dinkle Hariya, Ld. AR
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 Years 2013-14 contest order of learned first appellate authority on certain grounds of appeal.

2. The Ld. AR, at the outset, submitted that the assessee is opting for Vivad Se Vishwas Scheme (VVS Scheme) for this year and seeking withdrawal of the appeal. 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 Accordingly, the appeal stand dismissed as withdrawn with a liberty to assessee to seek restoration of the appeal in case theaforesaid declaration filed under the scheme is not accepted, for whatever reasons.

To know more in details find the attachment file

FAQ :

The company is Kyal Trading Pvt. Ltd., formerly known as Laxman Logistics Pvt. Ltd.

The appeal relates to the assessment year 2013-14.

The appeal was dismissed as withdrawn because the assessee opted for the Vivad Se Vishwas Scheme.

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