ANS INDUSTRIES LIMITED,NEW DELHI V. ACIT CIRCLE 2(2), NEW DELHI

ITA 1967/DEL/2023

AI Insights

The case involves ANS Industries Ltd., the appellant, against the ACIT, Circle-2(2), Delhi, the respondent, concerning an appeal directed against the order of the National Faceless Appeal Centre, Delhi, for the Assessment Year 2014-15. The appellant decided not to pursue the appeal due to opting for the VSV Scheme, which aims to resolve pending tax disputes. Both parties agreed to the withdrawal of the appeal, leading to its dismissal by the tribunal.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 31036 (ITAT-DELHI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-03-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ASHISH TRIPATHI
• Assessee Lawyers: AKARSH GARG
• Keywords: Competent authority

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH: ‘A’: NEW DELHI) BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER ITA No:- 1967/Del/2023 (Assessment Year- 2014-15) ANS Industries Ltd., Delhi. Vs. ACIT, Circle-2(2), Delhi. PAN No: AAACA5279Q APPELLANT RESPONDENT Assessee by : Shri Akarsh Garg, Adv. Revenue by : Shri Ashish Tripathi, Sr. DR Date of Hearing : 11.03.2025 Date of Pronouncement : 11.03.2025 ORDER PER AMITABH SHUKLA, AM: This appeal by Assessee is directed against the order of National Faceless Appeal Centre, Delhi, [for short hereinafter referred to as the “(Ld. CIT(A)”] dated 17.03.2023 for Assessment Year 2014-15. 2. We have heard the Ld. Representatives of both the parties and perused the material available on record. ITA No.-1967/Del/2023 ANS Industries Ltd. Page 2 of 4 3. When the matter was called for hearing, the Ld. Counsel for the assessee stated that the assessee does not wish to pursue the present appeal due to the exercise of the option for availing of the VSV Scheme and, consequently, requested that the withdrawal of the appeal be granted. 4. The Ld. Sr. DR for the Revenue stated that he has no objection to withdraw the appeal as sought on behalf of the assessee. 5. In view of above fact, since the assessee has availed the benefit under Vivad Se Vishwas Scheme, 2024 to settle the matters, therefore, the appeal of the assessee stands disposed of in terms thereof, subject to approval of the same by the competent authority. If at any stage the assessee finds that its declarations are not accepted by Department, the assessee is given liberty to recall this order. Appeal of the assessee is accordingly disposed of. 6. In the result, appeal of the assessee is dismissed. Order pronounced in the Open Court on 11.03.2025 Sd/- Sd/- (VIKAS AWASTHY) (AMITABH SHUKLA) JUDICIAL MEMBER ACCOUNTANT MEMBER ITA No.-1967/Del/2023 ANS Industries Ltd. Page 3 of 4 Dated: 11/03/2025. Pooja/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI ITA No.-1967/Del/2023 ANS Industries Ltd. Page 4 of 4 1. Date of dictaƟon of Tribunal order 11.3.25 2. Date on which the typed draŌ Tribunal Order is placed before the DictaƟng Member 11.3.25 3. Date on which the typed draŌ Tribunal order is placed before the other Member 4. Date on which the approved draŌ Tribunal order comes to the Sr. PS/PS 5. Date on which the fair Tribunal order is placed before the DictaƟng Member for pronouncement 6. Date on which the signed order comes back to the Sr.PS/PS 7. Date on which the final Tribunal order is uploaded by the Sr.PS/PS on official website 8. Date on which the file goes to the Bench Clerk alongwith Tribunal order 9 Date of killing off the disposed of files on the judisis Portal of ITAT by the Bench Clerks 10. Date on which the file goes to the Supervisor (Judicial) 11. The date on which the file goes to the Assistant Registrar for endorsement of the order 12. Date of Despatch of the order "