Cryoviva Biotech Private Limited, New Delhi V. ACIT Circle-6(2), New Delhi

ITA 1624/DEL/2020

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 8427 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 10 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-08-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2017-2018
• Appeal Filed On: 27-09-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : B : NEW DELHI BEFORE SHRI C.M. GARG, JUDICIAL MEMBER AND SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER ITA No.1624/Del/2020 Assessment Year: 2017-18 Cryoviva Biotech Private Limited, F-2/7, Okhla Industrial Area, Phase I, New Delhi, Delhi – 110 001. PAN: AACCC6069Q Vs. ACIT, Circle-6(2), New Delhi. (Appellant) (Respondent) Assessee by : Shri Divyansh Jain, Advocate Revenue by : Shri R.S. Yadav, Sr. DR Date of Hearing : 11.08.2022 Date of Pronouncement : 11.08.2022 ORDER PER C.M. GARG, JM: This appeal filed by the assessee is directed against the order dated 11.08.2020 of the CIT(A)-2, New Delhi, relating to Assessment Year 2017-18. 2. The ld. Counsel for the assessee, at the time of hearing, sought withdrawal of the appeal filed by the assessee stating 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. However, Form No.3 is yet to be ITA No.1624/Del/2020 2 obtained. He accordingly submitted that this appeal may be allowed to be withdrawn. 3. In absence of any objection from the side of the ld. Sr. DR, the request of the assessee for withdrawal of the appeal is allowed. 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 aforesaid Scheme, 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 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. The order pronounced in the open court on conclusion of the hearing on 11.08.2022. Sd/- Sd/- (ANADEE NATH MISSHRA) (C.M. GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 11 th August, 2022. dk ITA No.1624/Del/2020 3 Copy forwarded to : 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asstt. Registrar, ITAT, New Delhi