ONGC Videsh Ltd., New Delhi V. Addl. CIT, New Delhi

ITA 2265/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2723 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 10 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2010-2011
• Appeal Filed On: 13-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: R P MALL
• Keywords: Set aside

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH I-2 : NEW DELHI) BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCE) ITA NO.2265/DEL./2017 (ASSESSMENT YEAR : 2010-11) M/S. ONGC VIDESH LIMITED, VS. ADDL.CIT, RANGE 13, 3 RD FLOOR, TOWER B, NEW DELHI. PANDIT DEENDAYAL UPADHYAYA URJA BHAWAN, 5, NELSON MANDELA MARG, VASANT KUNJ, NEW DELHI 110 070. (PAN : AAACO1230F) (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI R.P. MALL, ADVOCATE REVENUE BY : SHRI ASHISH KUMAR, CIT DR DATE OF HEARING : 18.02.2021 DATE OF ORDER : 18.02.2021 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : APPELLANT, M/S. ONGC VIDESH LIMITED (HEREINAFTER RE FERRED TO AS THE ASSESSEE), BY FILING THE PRESENT APPEAL , SOUGHT TO SET ASIDE THE IMPUGNED ORDER DATED 18.10.2016 PASSED BY THE COMMISSIONER OF INCOME-TAX (APPEALS)-44, NEW DELHI QUA THE ASSESSMENT YEAR 2010-11. ITA NO.2265/DEL./2017 2 2. LD. COUNSEL FOR THE ASSESSEE FILED AN APPLICATIO N SEEKING WITHDRAWAL OF THE APPEAL ON THE GROUND THAT THE ASS ESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS F OR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWA S SCHEME, 2020 AND HAS FILED NECESSARY FORMS 1 & 2 WITH THE TAX DEPARTMENT, WHICH WAS ACCEPTED AND PROCESSED VIDE F ORM 3 ISSUED BY THE TAX DEPARTMENT. 3. KEEPING IN VIEW THE AFORESAID FACTS, PRESENT APP EAL IS HEREBY DISMISSED WITH LIBERTY TO GET IT RESTORED BY THE AS SESSEE IN CASE DISPUTE IS NOT SETTLED AS PER SCHEME. THE REVENUE HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. CONSEQUENTLY, THE PRESENT APPEAL IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON THIS 18 TH DAY OF FEBRUARY , 2021 AFTER THE CONCLUSION OF THE VIRTUAL HEARING. SD/- SD/- (PRASHANT MAHARISHI) (KULDIP SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 18 TH DAY OF FEBRUARY, 2021 TS ITA NO.2265/DEL./2017 3 COPY FORWARDED TO: 1.APPELLANT 2.RESPONDENT 3.CIT 4.CIT(A)-44, NEW DELHI 5.CIT(ITAT), NEW DELHI. AR, ITAT NEW DELHI.