M/S Nobel Share Trading Pvt. Ltd v. The Income Tax Appellate Tribunal, Ludhiana & Ors

ITA 58 of2015(O0&M) i | IN THE HIGH COURT OF PUNJAB & HARYANA ATCHANDIGARH Date of Decision:08.01.2021 ITA No.58 of 2015(0&M) M/s Nobel Share Trading Pvt. Ltd Versus The Income Tax Appellate Tribunal, Ludhiana & Ors ...... Appellant ......Respondents. CORAM:- HON'BLE MR. JUSTICE JASWANT SINGHON'BLE MR. JUSTICE SANT PARKASH Present:-Mr. M.S. Kanda, Advocate for the Appellant, *K JASWANT SINGH, J(QORAL) [The aforesaid presence is being recorded through video conferencing sincethe proceedings are being conducted in virtual court) Appellant had filed an appeal under Section 260-A of theIncome Tax Act, 1961 against the order dated 19.09.2014 (AnnexureA-7)passed by ITAT, Chandigarh upholding the levy of penalty for allegedlyconcealing income of Rs.42,00,000/- by the appellant for assessment year2002-03. Vide order dated 14.05.2015 the appeal stands|admitted NowCM No.10946FCII of 2020has been filed by the appellant seeking withdrawal of the appeal. It has been given out in the application that theapplicant/appellant does not want to pursue the present appeal as it hasavailed the “Vivad Se Vishwas 2020” Scheme vide order dated 09.12.2020VINAY MAHAJAN2021.01.11 12:20I attest to the accuracy and(AnnexureA-8) attached with the application passed by the Designatedintegrity of this document ITA 58 of2015(O0&M) Authority. Notice of the application. Mr. Rajesh Katoch, Senior Standing Counsel accepts noticefor Revenue and does not dispute the averments made in theapplication seeking withdrawal of the appeal. On the oral request of the counsel for the appellant, mainappeal is ordered to be taken up today itself. | For the reasons stated in the application, the same is allowed and main appeal is herebydismissed as withdrawn (JASWANT SINGH )JUDGE January 08, 2021Vinay| Whether speaking/reasonedWhether Reportable (SANT PARKASH ) | JUDGE Yes/NoYes/No