Indian Oil Foundation, New Delhi V. ITO, Ward-2(3), New Delhi

ITA 1935/DEL/2018

• Counselvise Citation: [NaN] 107 COUNSELVISE.COM (IT) 1884 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 9 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-01-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 20-03-2018
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: MUKESH KUMAR
• Section: 32; 147; 131; 68; 246; 69; 145; 27; 148; 54; 37; 6; 56; 263; 63; 132; 12; 28; 144; 10; 90; 154; 2; 11; 15; 271(1)(b); 139; 92; 43

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” DELHI BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER & SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER I.T.A. No.1935/DEL/2018 Assessment Year 2014-15 Indian Oil Foundation, Scope Complex, Core-II, Institutional Area, Lodhi Road, Delhi. vs. Income Tax Officer (E), Ward-2(3), New Delhi. TAN/PAN: AAATI2737A (Appellant) (Respondent) Appellant by: None Respondent by: Shri Mukesh Kumar, Sr.D.R. Date of hearing: 04 01 2022 Date of pronouncement: 04 01 2022 O R D E R PER PRADIP KUMAR KEDIA - A.M.: The c apt io ne d ap p eal ha s be en f i le d at th e i ns ta nc e o f the ass es se e a ga in st t he or der of t he Co mmi s si on er of Inc o me Ta x (Ap pe al s) -X L, Del h i (‘ CI T( A)’ in sh ort ), d ate d 1 9. 01 .2 01 8 ari si ng i n the as se ss me nt or der da te d 0 5.1 2. 2 01 6 pa ss ed b y th e As se ss in g Of f icer ( AO ) u nd er Sec ti on 1 43 (3 ) of t he I nc o me Ta x A ct , 196 1 (t he Act ) co nc ern in g A Y 2 0 14- 15 . 2. The ca pt io ne d a ss ess ee ha s s ou gh t to wit hd ra w t he a ppe al lis te d a bo ve o n t he gr ou nd th at a sse ss ee ha s o pt ed to a va il be nef it s of ‘Viv ad se V is h was Sc he me , 20 20 ’ (V SV ). A s pe r l ett er d at ed 29. 12 .2 02 1 f i le d b y a ss es se e, it i s su b mitt ed t ha t a ss es s ee do es n ot see k to pur su e th e sai d ap pe al o wi ng t o ex erc is e of opt io n f or I.T.A. No. 1935/DEL/2018 2 ava il in g V S V S ch e me an d co nse qu e ntl y r eq ue st ed th at as ses se e’ s app li ca ti on f o r wi th dra wa l of ap pe al ma y pl ea se be g ra nt e d. 3. The ld . De pa rt me n tal Re pre se nt at ive f or the Re venu e st ate d tha t he ha s no ob je cti on t o w it hd ra w t he a pp eal in t he c ir cu mst an ce s nar ra te d o n be ha lf of th e as ses se e. 4. In t he l ig ht of wri tt en r eq ue st mad e o n beh alf of th e ca pt i one d par t y, th e a pp eal is dis mi ss ed a s w it hd raw n. Ho we ver , i n the e ve nt , the as se ss ee f ai ls to a va il th e b en ef it of V SV Sc heme f or an y bo naf id e r ea so ns , t hen t he as se ss ee c onc er ne d wil l be a t l ib ert y t o see k r es to ra tio n o f orig in al ap pe al f or he ar in g b efor e IT AT in acc or da nce w it h la w. 5. In th e res ul t, t he ca pti on ed a pp eal i s di s mis sed a s wi th dr a wn. Order pronounced in the open Court on 04 January, 2022. [KUL BHARAT] [PRADIP KUMAR KEDIA] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 04 January, 2022 Prabhat