TECHNIP E & C INDIA LTD, MUMBAI vs DCIT CEN CIR 1(1)

Last updated: 23 December 2020

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This Income Tax Appellate Tribunal case involves Technip E&C India Limited appealing against orders from the Deputy Commissioner of Income Tax for the assessment years 2011-12, 2012-13, and 2013-14. The assessee's counsel requested an adjournment, indicating an intention to opt for the Vivad Se Vishwas Scheme. They agreed to have the appeal dismissed as withdrawn, provided their right to revive it is protected if the scheme settlement is unsuccessful.

Court :
ITAT Mumbai

Brief :
The captioned appeals filed by the assessee are directed against the order passed by the Deputy Commissioner of Income Tax, Central Circle 1(1), Mumbai u/s 143(3) r.w.s. 144C(13)/144C(5) of the Income Tax Act, 1961 (the Act).

Citation :
ITA No. 28/MUM/2016

IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCH “J” MUMBAI

BEFORE SHRI SAKTIJIT DEY (JUDICIAL MEMBER) AND
SHRI N.K. PRADHAN (ACCOUNTANT MEMBER)
ITA No. 28/MUM/2016
Assessment Year: 2011-12
&
ITA No. 446/MUM/2017
Assessment Year: 2012-13
&
ITA No. 6289/MUM/2017
Assessment Year: 2013-14

Technip E & C India Limited
(amalgamated with Technip
India Limited),
Unit No. 602, Wing A, Unit Nos
601 & 602 in wing B-1,
Boomerang Chandivali Farm
Road, Andheri (E),
Mumbai-400072.
Appellant

Vs.

The Deputy Commissioner
of Income Tax, Central Circle
1(1), Mumbai.
PAN No. AAICS7355M
Respondent

Assessee by : Mr. Ketan Ved, AR
Revenue by : Ms. Sunita Billa, CIT-DR

Date of Hearing : 17/12/2020
Date of pronouncement : 17/12/2020

ORDER

PER N.K. PRADHAN, A.M.

The captioned appeals filed by the assessee are directed against the order passed by the Deputy Commissioner of Income Tax, Central Circle 1(1), Mumbai u/s 143(3) r.w.s. 144C(13)/144C(5) of the Income Tax Act, 1961 (the Act).

2. The Ld. counsel for the appellant submits that the assessee is contemplating to opt for Vivad Se Vishwas Scheme for the captioned years and therefore, an adjournment may be given for hearing the case. In response to the suggestion from the Bench, the Ld. counsel fairly accepts that they have no objection to the appeal being dismissed as withdrawn as long as their right for revival of the appeal is protected, in the event of some unfortunate reason, the matter being not settled under the above Scheme.

To know more in details find the attachment file

FAQ :

The parties are Technip E&C India Limited (appellant) and the Deputy Commissioner of Income Tax, Central Circle 1(1), Mumbai (respondent).

The appeals cover the assessment years 2011-12, 2012-13, and 2013-14.

The assessee is contemplating opting for the Vivad Se Vishwas Scheme, which led to the request for an adjournment.

The assessee's counsel agreed to the appeal being dismissed as withdrawn, with the condition that the right to revive the appeal is protected if the Vivad Se Vishwas Scheme settlement fails.