M/s. Narendra Explosive Ltd., New Delhi V. ITO, New Delhi

ITA 2075/DEL/2016

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6416 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 9 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 18-04-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 13

Judgement Text

PAGE | 1 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH SMC - I: NEW DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 2075 /DEL/ 2016 & 444/DEL/2017 (ASSESSMENT YEAR: 2010 - 11 AND 2011 - 12 ) NARENDRA EXPLOSIVE LTD, 4237/XI, 1, ANSARI ROAD, DARYA GANJ, NEW DELHI PAN: AABCN6341D VS. ITO, WARD - 13 ( 1 ), NEW DELHI (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI DEEPESH JAIN, CA SHRI VIBHU GUPTA, CA REVENUE BY: NONE DATE OF HEARING 01/02/2020 DATE OF PRONOUNCEMENT 01 /02/2021 O R D E R PER PRASHANT MAHARISHI , A. M. 1. THESE ARE THE APPEALS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD CIT(A) - 6, NEW DELHI DATED 16.11.2016 FOR ASSESSMENT YEAR 2011 - 12 AND CIT(A) - 20, NEW DELHI DATED 29.02.2016 FOR THE ASSESSMENT YEAR 2010 - 11. 2. AT THE TIME OF HEARING ASSESSEE SUBMITTED A LETTER DATED 30.01.2021 THROUGH ITS AUTHORIESED REPRESENTATIVE THAT ASSESSEE HAS FILED FORM NO. 1 AND 2 TO SETTLED THE DISPUTE UNDER DIRECT TAXES VIVAAD SE VISHWAS SCHE ME, 2020 FOR BOTH THESE APPEALS ON 30.01.2021. THEREFORE , SUBJECT TO THE ISSUE OF FORM NO. 5 OF APPEAL OF THE ASSESSEE MAY BE TREATED IS WITHDRAWN. 3. IN VIEW OF THE ABOVE FACTS AS ASSESSEE HAS ALREADY FILED FORM NO. 1 AND 2 OF BOTH THESE YEARS ON 30.01.2021 , THE APPEAL OF THE ASSESSEE ARE TREATED AS WITHDRAWN AND HENCE DISMISSED , SUBJECT TO CONDITION THAT FORM NO. 5 IS ISSUED TO THE ASSESSEE FOR SETTLEMENT OF THE ABOVE DISPUTE. IN CASE THE ABOVE DISPUTE IN THE IMPUGNED APPEAL IS NOT SETTLED UNDER PAGE | 2 THE DIRECT T AXES VIVAAD SE VISHWAS SCHEME, 2020 ASSESSEE MAY BE AT LIBERTY TO FILE AN APPLICATION FOR RECALL OF THE ABOVE ORDER. 4. IN THE RESULT APPEAL OF THE ASSESSEE IS TREATED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 01/02/2021. - SD/ - - SD/ - (BHAVNESH SAINI) (PRASHANT MAHARISHI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 01/02/2021 A K KEOT COPY FORWARDED TO 1. APPLICANT 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI