PESTICIDES MANUFACTURES AND FORMULATORS ASSOCIATION OF INDIA,MUMBAI vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, MUMBAI
IN THE INCOME TAX APPELLATE TRIBUNAL
“C” BENCH MUMBAI
BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER &
MS.RENU JAUHRI, ACCOUNTANT MEMBER
Pesticides
Manufacturers and Formulators Association of India, B-4,Anand
CHS Ltd. Sitaladevi
Temple Road, Mahim
(West), Mumbai –
400016. Vs. Income Tax Department
Mumbai –
PAN/GIR No. AATP0611N
(Applicant)
(Respondent)
Assessee by Sh. Mayank Thosar,
Revenue by Sh. Mahesh Pamnani, Sr. DR
सुनवाई की तारीख/Date of Hearing
09.01.2025
घोषणा की तारीख/Date of Pronouncement
20.01.2025
आदेश / ORDER
PER: AMIT SHUKLA, JM:
The aforesaid appeal has been filed by the assessee against the order dated 23.11.2023 passed by NFAC, Delhi for the quantum of assessment passed u/s 143(3) for the year 2020-21. 2. Before us the Ld.AR of the assessee submitted that assessee has opted for settlement of dispute under VSV Scheme and also 2
filed Form -1 in compliance to the said scheme on 29.11.2024, the copy of which has been enclosed. Accordingly, Ld.AR of the assessee requested that permission should be granted to withdraw the appeal with the liberty if application is finally not accepted, the assessee may approach this court to restitute the appeal.
3. The Ld. DR does not have any objection.
4. Since, assessee has opted for VSV Scheme and also filed
Form-1, therefore, we accept the contention of the assessee to withdraw the appeal and accordingly, the appeal of the assessee is dismissed as withdrawn. However, liberty is given to the assessee if application for VSV is not finally accepted, then assessee can revive the appeal. Accordingly, the appeal of the assessee is dismissed in limine
5. In the result the appeal filed by the assessee is dismissed as withdrawan.
Order pronounced in the open court on 20.01.2025. (RENU JAUHRI) (AMIT SHUKLA)
ACCOUNTANT MEMBER JUDICIAL MEMBER
Mumbai, Dated 20/01/2025
AKV (On Tour)
3
आदेश की प्रतितिति अग्रेतिि/Copy of the Order forwarded to :
अपीलाथी / The Appellant 2. प्रत्यथी / The Respondent. 3. संबंधधत आयकर आयुक्त / The CIT(A) 4. आयकर आयुक्त(अपील) / Concerned CIT 5. धिभागीय प्रधतधनधध, आयकर अपीलीय अधधकरण, मुम्बई / DR, ITAT, Mumbai 6. गार्ड फाईल / Guard file.
आदेशानुसार/ BY ORDER,
सत्याधपत प्रधत ////
उि/सहायक िंजीकार ( Asst.