Jayco Promotors & Developers (P) Ltd., Delhi V. ITO, New Delhi

ITA 1688/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5760 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 10 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2007-2008
• Appeal Filed On: 21-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SRHI GURMEET SINGH
• Assessee Lawyers: SOUMYA JAIN

Judgement Text

PAGE | 1 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D : NEW DELHI BEFORE SHRI BHAVNESH SAINI , JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 1688/DEL/2017 (ASSESSMENT YEAR: 2007 - 08 ) JAYCO PROMOTORS & DEVELOPERS (P) LTD, C - 5, MADHU VIHAR, PATPARGANJ, DELHI PAN: AABCJ7631E VS. ITO, WARD - 13(3), NEW DELHI (APPELLANT) (RESPONDENT) ASSESSEE BY : MS. SOUMYA JAIN, CA REVENUE BY: SRHI GURMEET SINGH, SR. DR DATE OF HEARING 04/02 / 202 1 DATE OF PRONOUNCEMENT 0 4 / 02 / 2021 O R D E R PER PRASHANT MAHARISHI , A. M. 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD CIT(A) - 5 , DELHI DATED 21.07.2016 FOR THE ASSESSMENT YEAR 2007 - 08 . 2. AT THE TIME OF HEARING THE LD AR OF THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAS OPTED FOR SETTLEMENT OF THE DISPUTE INVOLVED IN THIS APPEAL UNDER DIRECT TAXES VIVAAD SE VISHWAS ACT, 2020. HE FURTHER SUBMITTED THAT FORM NO. 3 HAS BEEN ISSUED ON 25.12.2020 TO THE ASSESSEE. HE THEREFORE, SUBMITTED THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. 3. THE LD DR DID NOT RAISE ANY OBJECTIONS. 4. WE HAVE CAREFULLY CONSIDERED THE RIVAL CONTENTIONS AND PERUSED FORM NO. 3 ISSUED BY THE PR. CIT, DELHI - 4 DATED 2 5.12.2020 WHEREIN, THE ISSUE INVOLVED IN ITA NO. 1688/DEL/2017 IS PROPOSED TO BE SETTLED. THE FORM NO. 3 IS ALSO SPECIFIED THE AMOUNT PAYABLE BY THE ASSESSEE. IN VIEW OF THE ABOVE FACTS THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS THE ASSESSEE HAS REQU ESTED FOR WITHDRAWAL OF THE SAME. PAGE | 2 5. IN THE RESULT APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 0 4 /02/2021. - SD/ - - SD/ - ( BHAVNESH SAINI ) (PRASHANT MAHARISHI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 0 4 / 02 / 2021 A K KEOT COPY FORWARDED TO 1. APPLICANT 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI