SEAPLAST INDIA PVT. LTD (FORMERLY KNOWN AS PROMENS INDIA PVT. LTD),AHMEDABAD vs. THE DCT, CPC, BENGALORE

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ITA 437/AHD/2020Status: DisposedITAT Ahmedabad12 May 2021AY 2017-182 pages
AI SummaryDismissed

What did the Tribunal hold?

The ITAT allowed the assessees' request to withdraw their appeals. The appeals were dismissed as withdrawn, with a liberty to seek restoration if the VSV benefit could not be availed for bonafide reasons.

What were the facts?

The assessees had filed seven appeals before the ITAT for various assessment years. They subsequently opted to avail the benefits of the 'Vivad se Vishwas Scheme, 2020' (VSV).

What were the issues?

The primary issue was whether the assessees could withdraw their pending appeals before the ITAT due to opting for the Vivad se Vishwas Scheme.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “A” BENCH, AHMEDABAD

Before: SHRI PRADIP KUMAR KEDIA

Hearing: 12/05/2021

आदेश/O R D E R PER BENCH:

1.

The captioned seven appeals arise from the respective orders of the Commissioner of Income Tax (Appeals) (‘CIT(A)’) against different assessment years.

& 06 others - 2 - 2. The captioned assessees have sought to withdraw the appeals listed above on the ground that they have opted to avail benefits of ‘Vivad se Vishwas Scheme, 2020’ (VSV). When the matter was called for hearing, the ld. counsels for the assessee at the outset have submitted that they do not seek to pursue the said appeals owing to exercise of option for availing VSV Scheme and consequently requested that their applications for withdrawal of appeals may please be granted. Reference was also made to written requests in this regard.

3.

The ld. Departmental Representative for the Revenue stated that he has no objection to withdraw the appeals in the circumstances narrated on behalf of the assessee.

4.

In the light of oral/written requests made on behalf of the captioned parties, all the appeals are dismissed as withdrawn. However, in the event, the assessee fails to avail the benefit of VSV Scheme for any bonafide reasons, then the assessee concerned will be at liberty to seek restoration of original appeals for hearing before ITAT in accordance with law.

5.

In the result, all captioned appeals are dismissed as withdrawn. This Order pronounced on 12/05/2021

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