M/s. Rana Iron & Power Ltd., Muzaffarnagar V. ACIT, Muzaffarnagar

ITA 1375/DEL/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 6956 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 5 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2012-2013
• Appeal Filed On: 07-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: DILIP KOLHARI
• Section: 13

Judgement Text

PAGE | 1 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F : NEW DELHI BEFORE SHRI KULDIP SINGH , JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 1375/DEL/2017 (ASSESSMENT YEAR: 2012 - 13 ) M/S. RANA IRON & POWER LTD, FORMERLY KNOWN AS M/S. RANA SPONGE LIMITED, RANA CHOWK, MEERUT ROAD, MUZAFFARNAGAR PAN: AACCR5517L VS. ACIT, CIRCLE - 2, INCOME TAX OFFICE, MEERUT ROAD, MUZAFFARNAGAR (APPELLANT) (RESPONDENT) ASSESSEE BY : NONE REVENUE BY: SHRI DILIP KOLHARI, CIT DR DATE OF HEARING 06/09 / 2021 DATE OF PRONOUNCEMENT 0 6 / 09 / 2021 O R D E R PER PRASHANT MAHARISHI , A. M. 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER PASSED BY THE LD CIT(A), MUZAFFARNAGAR DATED 16.12.2016 FOR ASSESSMENT YEAR 2012 - 13. 2. AT THE TIME OF HEARING THE ASSESSEE SUBMITTED THAT IT HAS OPTED TO SETTLE THE DISPUTE UNDER DIRECT TAXES VIVAAD SE VISHWAS ACT, 2020 AND SUBMITTED COPY OF FORM NO. 3 ISSUED ON 17.03.2021 AND THEREFORE, IT WAS STATED THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. 3. THE LD DR DID NOT HAVE ANY OBJECTION TO THE SAME. 4. WE HAVE CAREFULLY PERUSED THE LETTER DATED 05.09.2021 SUBMITTED BY THE ASSESSEE ALONG WITH FORM NO. 3 ISSUED BY LD PCIT, DEHRADUN ON 17.02.2021 WHEREIN, FOR ASSESSMENT YEAR 2012 - 13 THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE UNDER DIRECT TAXES VIVAAD SE V ISHWAS ACT, 2020. IN VIEW OF THIS THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 0 6 / 09 / 2021 . SD/ - - SD/ - (KULDIP SINGH) (PRASHANT MAHARISHI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 0 6 / 09 / 2021 A K KEOT PAGE | 2 COPY FORWARDED TO 1. APPLICANT 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI