ASTRAKHAN FASTNERS PVT. LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

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ITA 251/JPR/2020Status: DisposedITAT Jaipur14 September 2021AY 2016-172 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The assessee requested to withdraw the appeal as the 'Vivad Se Vishwas Scheme' petition was accepted. The Revenue did not object to this request.

What were the facts?

The assessee filed an appeal against an order for the assessment year 2016-17. The assessee subsequently filed a petition under the 'Vivad Se Vishwas Scheme-2020' to settle the matter.

What were the issues?

Whether the appeal can be withdrawn by the assessee due to settlement under the 'Vivad Se Vishwas Scheme'.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, JAIPUR BENCHES,”A” JAIPUR

Before: SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA. No. 251/JP/2020

Hearing: 14/09/2021Pronounced: 14/09/2021

आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”A” JAIPUR Jh lanhi xkslkbZ] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA. No. 251/JP/2020 fu/kZkj.k o"kZ@Assessment Years : 2016-17 cuke Rajasthan Fastners Private Limited Asst. Commissioner of Vs. ….10…. Gangwal Park Income Tax, Jaipur Circle-05, Jaipur ToLFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAACR9782R vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by: Sh. Niraj Rathore (CA) jktLo dh vksj ls@ Revenue by : Sh. A. S. Nehra (Addl.CIT) lquokbZ dh rkjh[k@ Date of Hearing : 14/09/2021 mn?kks"k.kk dh rkjh[k@Date of Pronouncement : 14/09/2021 vkns'k@ ORDER PER: SANDEEP GOSAIN, JM

The assessee has filed the present appeal against the order of ld. CIT(A)-2, Jaipur dated 17.01.2020 for the assessment year 2016-17.

2.

The ld A/R has stated that the assessee has filed a petition under “Vivad Se Vishwas Scheme-2020” to settle the aforesaid matter and the said petition has been accepted and Form 3 has been issued on 07.12.2020 by the Designated Authority and which has been received by the assessee. It was accordingly requested that the assessee may be allowed to withdraw the present appeal. 2 Rajasthan Fastners P. Ltd., Jaipur vs. ACIT, Jaipur 3. The ld. DR is heard who did not raise any specific objection in accepting the said prayer of withdrawal of appeal by the assessee.

4.

In view of above, the prayer of the assessee is accepted and the appeal is dismissed as withdrawn by the assessee.

Order pronounced in the open Court on 14/09/2021.

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