M/s. Prayas Gems & Jewellers (P) Ltd., New Delhi V. ACIT, New Delhi

ITA 2204/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0081 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 8 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2011-2012
• Appeal Filed On: 12-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GAURAV DUDEJA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH C: NEW DELHI BEFORE, SHRI G. S. PANNU, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER I.T.A NO.2204/DEL/2017 (ASSESSMENT YEAR 2011-1 2 ) M/S PRAYAS TRACON (PVT.) LTD. (FORMERLY KNOWN AS PRAYAS GEMS & JEWELLERS PVT. LTD.) C/O M/S PRA TAXINDIA D-28, SOUTH EXTENSION, PART-I, NEW DELHI-110 049. PAN-AAFCP 0885Q VS. ACIT, CIRCLE-20(1), NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY SH. TARUN KUMAR, ADV. RESPONDENT BY SH. GAURAV DUDEJA, SR. DR DATE OF HEARING 31.12.2020 DATE OF PRONOUNCEMENT 31.12.2020 ORDER PER G.S.PANNU, VP: THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2011-12 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-36, NEW DELHI D ATED 01.02.2017. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE EMAIL DATED 28.12.2020 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING T O THE TAX ARREARS FOR THE 2 ITA NO.2204 /DEL/2 017 M/S. PRAYAS GEMS & JE WELLERS (PVT.) LTD. VS. ACIT ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5 (1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE SIDES ON CONCLUSION OF VIRTUAL HEARING ON 31 ST DECEMBER, 2020. SD/- SD/- (K. NARASIMHA CHARY) (G.S.PANNU) JUDICIAL MEMBER VICE PRESIDENT PK/PS COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI