Power Finance Corporation Ltd., New Delhi V. ACIT, New Delhi

ITA 2446/DEL/2010

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8135 (ITAT-DELHI)
• Duration Of Justice: 10 year(s) 7 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2004-2005
• Appeal Filed On: 21-05-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUSHMA SINGH

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F, NEW DELHI BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER (THROUGH VIDEO CONFERENCING) ITA NO.2446/DEL/2010 ASSESSMENT YEAR: 2004-05 POWER FINANCE CORPORATION LTD. URJANIDHI, 1 , BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI-110001 PAN NO. AAACP1570H VS ACIT RANGE-14 NEW DELHI (APPELLANT) (RESPONDENT) ITA NO. 4069 TO 4070/DEL/2010 ASSESSMENT YEAR: 2005-06 TO 2006-07 POWER FINANCE CORPORATION LTD. URJANIDHI, 12 , BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI-110001 PAN NO. AAACP1570H VS ADDL. CIT RANGE-14 NEW DELHI (APPELLANT) (RESPONDENT) ITA NO.5218/DEL/2014 ASSESSMENT YEAR: 2007-08 POWER FINANCE CORPORATION LTD. URJANIDHI, 1 , BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI-110001 PAN NO. AAACP1570H VS DCIT LTU NEW DELHI (APPELLANT) (RESPONDENT) 2 ITA NO. 4231 TO 4232 /DEL/2010 ASSESSMENT YEAR: 2005-06 TO 2006-07 ACIT (LTU) NBCC PLAZA, PUSHP VIHAR, NEW DELHI VS POWER FINANCE CORP. LTD. URJANIDHI, 1 BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI PAN NO. AAACP1570H (APPELLANT) (RESPONDENT) ITA NO.2877/DEL/2010 ASSESSMENT YEAR: 2004-05 DCIT (LTU) NBCC PLAZA PUSHP VIHAR, DELHI VS POWER FINANCE CORP. LTD. URJANIDHI, 1 BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI PAN NO. AAACP1570H (APPELLANT) (RESPONDENT) REVENUE BY SMT. SUSHMA SINGH, CIT DR ASSESSEE BY SH. TARANGDEEP SINGH, CA DATE OF HEARING: 18/01/2021 DATE OF PRONOUNCEMENT: 18/01/2021 ORDER PER N. K. BILLAIYA, AM: THE CAPTIONED APPEALS BY THE ASSESSEE AND THE REVEN UE PREFERRED AGAINST THE ORDERS FOR A.Y.2004-05 TO 200 7-08 RESPECTIVELY. 3 2. AT THE TIME OF HEARING OF THE CAPTIONED APPEALS IT WAS BROUGHT TO OUR NOTICE THAT THE ASSESSEE HAS FILED A PPLICATIONS SEEKING RESOLUTION OF PENDING DISPUTE AS PER VIVAD SE VISHWAS ACT, 2020. COPIES OF THE DECLARATION PLACED ON REC ORD. 3. ON SUCH CONCESSION THE CAPTIONED APPEALS ARE DIS MISSED AS WITHDRAWN. HOWEVER, LIBERTY IS GIVEN TO THE APPELLA NTS TO APPROACH THE TRIBUNAL FOR THE REVIVAL OF THE APPEAL S IF FOR SOME TECHNICAL REASON THE DISPUTE COULD NOT BE SETTLED U NDER THE VIVAAD SE VISHWAS SCHEME, 2020. 4. DECISION ANNOUNCED IN THE OPEN COURT IN THE PRES ENCE OF BOTH THE REPRESENTATIVES ON 18.01.2021. SD/- SD/- (SUCHITRA KAMBLE) ( N. K. BILLAIYA) JUDICIAL MEMBER ACCOU NTANT MEMBER *NEHA* DATE:- 18.01.2021 COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGI STRAR ITAT NEW DELHI 4 DATE OF DICTATION 18.01.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 18.01.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 18.01.2021 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS/PS 18.01.2021 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 18.01.2021 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 18.01.2021 DATE ON WHICH THE FINAL ORDER IS UPLOADE D ON THE WEBSITE OF ITAT 18.01.2021 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK DATE ON WHICH FILE GOES TO THE HEAD CLERK. THE DATE ON WHICH FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER