EMERSON PROCESS MANAGEMENT (INDIA) PRIVATE LIMITED (SUCCESSOR-IN-INTEREST FOR ERSTWHILE PENTAIR VALVES & CONTROLS INDIA PVT. LTD.),MUMBAI vs. THE ACIT, CIRCLE-2(1)(2), VADODARA
IN THE INCOME TAX APPELLATE TRIBUNAL
AHMEDABAD “D” BENCH
BEFORE: DR. BRR KUMAR, VICE PRESIDENT
And SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER
Emerson Process
Management (India) Private
Limited,
(Successor In Interest For Erstwhile Pentair Valves
And Controls India Private
Limited)
“Delphi”, 6th Floor, B Wing,
Hirnandani Business Park,
Central Avenue, Powai,
Mumbai-400076. PAN: AAACK8809L
(Appellant)
Vs
The Assistant
Commissioner of Income Tax,
Circle-2(1)(2),
Vadodara.
(Respondent)
Assessee Represented: Shri Parin Shah, AR.
Revenue Represented: Shri Prathvi Raj Meena, CIT.D.R.
Date of hearing
: 19.02.2025
Date of pronouncement : 20.02.2025
आदेश/ORDER
PER : DR. BRR KUMAR, VICE PRESIDENT:
This appeal is filed by the Assessee as against the appellate order dated 23.01.2013 passed by the Commissioner of Income Tax
(Transfer Pricing) Ahmedabad, relating to the Assessment Year
2009-10. ITA(TP) No.1089/Ahd/2014
Assessment Year 2009-2010
I.T.A(TP) No. 1089/Ahd/2014 A.Y. 2009-10 Page No 2
At the outset, the assessee vide letter dated 17.02.2025 submitted that he does not seek to pursue the said appeal owing to exercise of option for availing Vivad Se Vishwas Scheme and consequently requested that his application for withdrawal of appeal may please be granted. The assessee has submitted Form Nos. 1 & 2 under the Direct Tax Vivad Se Vishwas Scheme, 2024. 3. The ld. Departmental Representative for the Revenue stated that he has no objection to withdraw the appeal in the circumstances narrated on behalf of the assessee. 4. In the light of written requests made on behalf of the captioned parties, the appeal is dismissed as withdrawn.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 appeal for hearing before ITAT in accordance with law.
In the result, the appeal filed by the Assessee is hereby dismissed as withdrawn.
Order pronounced in the open court on 20.02.2025 (SIDDHARTHA NAUTIYAL) (DR.BRR KUMAR)
JUDICIAL MEMBER VICE PRESIDENT
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Ahmedabad : Dated 20.02.2025
I.T.A(TP) No. 1089/Ahd/2014 A.Y. 2009-10 Page No 3
Manish
आदेश कᳱ ᮧितिलिप अᮕेिषत / Copy of Order Forwarded to:-
1. Assessee
Revenue 3. Concerned CIT 4. CIT (A) 5. DR, ITAT, Ahmedabad 6. Guard file. By order/आदेश से,
उप/सहायक पंजीकार
आयकर अपीलीय अिधकरण,
अहमदाबाद