M/s. Vee Gee Industrial Enterprises, New Delhi V. DCIT, Faridabad

ITA 1327/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 2949 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 8 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2009-2010
• Appeal Filed On: 06-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWAL
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SMT. MADHUMITA ROY, JUDICIAL ME MBER ITA NO. 1327/DEL/2017 & 1328/DEL/2017 ASSESSMENT YEAR : 2009-10 & 2010-11 VEE GEE INDUSTRIAL ENTERPRISES, C/O M/S RRA TAXINDIA, D-28, SOUTH EXTENSION PART-I, NEW DELHI-110049 (PAN: AACFV2248P) DCIT, CENTRAL CIRCLE-1, NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI TARUN KUMAR, ADVOCATE RESPONDENT BY: SHRI M. BARANWAL, SR. DR DATE OF HEARING : 24 .11.2020 DATE OF PRONOUNCEMENT : 24.11.2020 ORDER PER G.S. PANNU, VICE PRESIDENT THESE APPEALS BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-3, GURGAON DATED 31.01.2017 AND PERTAIN T O ASSESSMENT YEARS 2009-10 AND 2010-11. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE LETTE R DATED 13 TH NOVEMBER, 2020, RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WIT HDRAWAL OF THE APPEALS FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OP TED TO SETTLE THE DISPUTE ITA 1327/D/2017 & 1328/D/2017 2 RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR S UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS ACT, 2020 (IN SHORT THE ACT'). 3. CONSIDERING THE AFORESAID SITUATION, THE CAPTION ED APPEALS ARE CONSIGNED TO RECORDS AND TREATED AS DISMISSED. 4. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT TH AT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED ASSESSMEN T YEARS IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORESTATED ACT, THE APPEL LANT (I.E., THE ASSESSEE) SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTI ON OF THE APPEALS AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIAT ELY AS PER LAW. THE RESPONDENT (I.E., THE REVENUE) HAS NO OBJECTION WIT H REGARD TO THE AFORESAID CAVEAT. 5. IN VIEW OF THE AFORESAID, THE APPEALS ARE CONSIG NED TO RECORD AND, FOR STATISTICAL PURPOSES, ARE TREATED AS DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 24 TH NOVEMBER, 2020. SD/- SD/- (MADHUMITA ROY) ( G.S. PANNU ) JUDICIAL MEMBER VICE PRESIDENT GS ITA 1327/D/2017 & 1328/D/2017 3 COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR