Neer Educating Innovators India pvt ltd, New Delhi V. ITO WARD 18(1), New Delhi

ITA 2101/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0035 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 9 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 11-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Sale consideration of property below Jantri Value; Competent authority

Judgement Text

ITA NO.2101 /DEL/2019 NEER EDUCATING INNNOVATORS INDIA PVT. LTD. 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH SMC-1 NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER ITA NO. 2101/DEL/2019 A.Y.: 2010-11 NEER EDUCATING INNOVATORS, INDIA PRIVATE LTD., VS. ITO, WARD-18(1), NEW DELHI 918, 9 TH FLOOR, DEVIKA TOWER-6 NEHRU PLACE, NEW DELHI (PAN:AACCN0850C) ( APPELLANT) (RESPONDENT) ASSESSEE BY : NONE DEPARTMENT B : SH. PRAKASH DUBEY, SR. DR O R D E R THE ASSESSEE HAS FILED THE PRESENT APPEAL AGAINST THE IMPUGNED ORDER DATED 31.01.2019 PASSED BY LEARNED CIT(A), NEW DELHI RELATING TO THE ASSESSMENT YEAR 2010-11. 2. AT THE TIME OF HEARING LEARNED SR. DR POINTED OUT THAT ASSESSEE HAS OPTED FOR VIVAD SE VISHWAS SCHEME, 2020 AND ALREADY DEPOSITED THE FULL DEMAND. 3. LEARNED SR. DR HAS ALSO STATED THAT ASSESSEE HAS FILED AN APPLICATION DATED 17.02.2020 IN WHICH HE REQUESTED FOR WITHDRAWAL OF PRESENT APPEAL. HE HAS NO OBJECTION FOR THE SAME. 4. KEEPING IN VIEW THE LETTER DATED 17.02.2020 AND AS POINTED OUT BY LEARNED SR. DR, THE PRESENT APPEAL IS DISMISSED AS WITHDRAWN WITH LIBERTY TO ITA NO.2101 /DEL/2019 NEER EDUCATING INNNOVATORS INDIA PVT. LTD. 2 THE ASSESSEE IF FORM NO. 3 IS NOT ISSUED BY THE COMPETENT AUTHORITY THEN THE ASSESSEE IS AT LIBERTY TO MOVE AN APPLICATION FOR RECALLING OF THIS ORDER AND THAT WILL BE DECIDED AS PER LAW. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT TODAY I.E. ON 28.12.2020 IN THE PRESENCE OF BOTH THE PARTIES. SD/- [H.S. SIDHU] JUDICIAL MEMBER DATE: 28.12.2020 COPY FORWARDED TO: - 1. APPELLANT - 2. RESPONDENT - 3. CIT 4. CIT (A) 5. DR, ITAT TRUE COPY BY ORDER, ASSISTANT REGISTRAR, ITAT, DELHI BENCHES