DCIT, New Delhi V. M/s. Network 18 Media & Investment Ltd, New Delhi

ITA 2240/DEL/2016

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4716 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 5 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-09-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2009-2010
• Appeal Filed On: 26-04-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: GAURAV PUNDIR
• Keywords: Capital asset

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH E: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ITA NO.2240/DEL/2016 ASSESSMENT YEAR : 2009-10 DCIT CIRCLE-18(1) ROOM NO. 212, C.R. BUILDING, NEW DELHI. VS. M/S NETWORK 18 MEDIA & INVESTMENT LTD. 601, 6 FLOOR, COMMERCIAL TOWER, RAISINA ROAD, HOTEL LE-MARIDIAN, NEW DELHI. PAN NO. AABCS2472G (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI GAURAV PUNDIR, SR. DR RESPONDENT BY : NONE DATE OF HEARING : 29.09.2021 DATE OF PRONOUNCEMENT : 29.09.2021 ORDER PER R.K. PANDA, A.M. THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2009-10 IS DIRECTED AGAINST THE ORDER OF LD. CIT(A)-20, NEW DELHI DATED 08.02.201 6. 2. NONE APPEARED ON BEHALF OF ASSESSEE AT THE TIME OF VIRTUAL HEAR ING. THE LEARNED COUNSEL FOR THE ASSESSEES, VIDE ITS AR LETTER DAT ED 23.08.2021, RECEIVED, HAS REQUESTED FOR DISMISSAL OF THE APPEAL FILED BY THE REVENUE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATIN G TO THE TAX ITA-2240/DEL/2016 2 ARREARS FOR THE 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 THE ASSESSEE FOR DISMISSAL OF THE REVENUES APPEAL. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED HAV ING BECOME INFRUCTUOUS. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 29.09.2021. SD/- SD/- (SUCHITRA KAMBLE) (R.K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER *KAVITA ARORA, SR. PS =