Dugar Growth Fund Pvt Ltd, New Delhi V. ACIT Circle- 7(2), New Delhi

ITA 16/DEL/2020

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 8133 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-02-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2015-2016
• Appeal Filed On: 01-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “FRIDAY/B” BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI. G.S.PANNU, PRESIDENT & SHRI KUL BHARAT, JUDICIAL MEMBER ITA No.16/Del/2020 [Assessment Year : 2015-16] Dugar Growth Fund Pvt.Ltd., E-3/16, Model Town, Part-II, New Delhi-110009. PAN-AAACD3451B vs ACIT, Circle-7(2), New Delhi. APPELLANT RESPONDENT Appellant by None Respondent by Shri Umesh Takyar, Sr.DR Date of Hearing 18.02.2022 Date of Pronouncement 24.02.2022 ORDER PER KUL BHARAT, JM : This appeal filed by the assessee for the assessment year 2015-16 is directed against the order of Ld. CIT(A)-3, New Delhi dated 31.10.2019. 2. None appeared on behalf of the assessee at the time of Virtual hearing before us. The Ld. Counsel for the assessee, vide its letter dated 08.02.2022, received through email, has requested for withdrawal of the appeal filed by him and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020”. 3. Considering the aforesaid situation, the captioned appeal is consigned to record and treated as dismissed. 2 | P a g e 4. However, the aforesaid is subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforestated Act, the appellant (i.e., the assessee) shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. The respondent (i.e., the Revenue) has no objection with regard to the aforesaid caveat. 5. In view of the aforesaid, the appeal is consigned to record and, for statistical purposes, is treated as dismissed. 6. In the result, the appeal of the assessee is dismissed. Order pronounced in the open Court on 24 th February, 2022. Sd/- Sd/- (G.S.PANNU) (KUL BHARAT) PRESIDENT JUDICIAL MEMBER * Amit Kumar * Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI