Subway Systems India P.Ltd, New Delhi V. DCIT, Circle-24e(2), New Delhi

ITA 1128/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 1508 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 9 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I2
• Assessment Year: 2014-2015
• Appeal Filed On: 12-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SHRI PRAKASH DUBEY

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A : NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI AMIT SHUKLA , JUDICIAL MEMBER ITA NOS.3647 & 1128/DEL/2019 ASSESSMENT YEARS : 2009-10 & 2014-15 M/S SUBWAY SYSTEMS INDIA PRIVATE LIMITED, LEVEL-2, ELEGANCE, MATHURA ROAD, JASOLA, NEW DELHI 110 025 PAN : AAGCS5808M. VS. DCIT, CIRCLE 24(2), NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY : MR. JIMMY BHATT, CA RESPONDENT BY : MR. SHRI PRAKASH DUBEY, SR. DR. DATE OF HEARING : 10.12.2020 DATE OF PRONOUNCEMENT : 10.12.2020 ORDER PER G.S. PANNU, VP : THESE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT YEARS 2009-10 & 2014-15 ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)- 16, NEW DELHI DATED 25 FEBRUARY, 2019 AND THE ORDER OF THE LEARNED ASSESSING OFFICER DATED 29 NOVEMBER, 2018 RESPECTIVELY. ITA-3647&1128/DEL/2019 2 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE EMAIL DATED 4 DECEMBER, 2020 HAS REQUESTED FOR WITHDRAWAL OF THE APPEALS FILED BY TH E ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 IN BOTH THE APPEALS HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE APPEALS. 5. IN THE RESULT, BOTH THE APPEALS OF THE ASSESSEE ARE DISM ISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOTH THE SIDES ON CONCLUSION OF VIRTUAL HEARING ON 10 DECEMBER, 2020. SD/- SD/- (AMIT SHUKLA) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SRB COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR