M/s. Y.K. Jewellers Pvt. Ltd., Delhi V. ITO, New Delhi

ITA 2623/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5520 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 9 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2006-2007
• Appeal Filed On: 01-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRAKASH DEBEY
• Keywords: Set aside

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH G : NEW DELHI) (THROUGH VIDEO CONFERENCING) BEFORE SHRI R.K.PANDA, ACCOUNTANT MEMBER AND SHRI KULDIP SINGH, JUDICIAL MEMBER ITA NO. 2623/DEL./2017, A.Y. : 2006-07 M/S. Y.K.JEWELLERS PVT. LTD., VS. ITO 1167, NEW MARKET, WARD-18(4) KUCHA MAHAJANI, , NEW DELHI CHANDNI CHOWK DELHI-110006 (PAN : AAACY2008B (APPELLANT) ( RESPONDENT) ASSESSEE BY : SH. TANPREET KOHLI, CA REVENUE BY : SH. PRAKASH DEBEY, SR. DR DATE OF HEARING : 02.02.2021 DATE OF ORDER : 02 .02.2021 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : APPELLANT, M/S. Y.K.JEWELLERS PVT. LTD. (HEREINAF TER REFERRED TO AS THE ASSESSEE), BY FILING THE PRESENT APPEA L, SOUGHT TO SET ASIDE THE IMPUGNED ORDER DATED 22.02.2017 PASSED BY LD. CIT(A)- 9, NEW DELHI QUA THE ASSESSMENT YEARS 2006-07. 2. THE LD. COUNSEL FOR THE ASSESSEE FILED AN APPLIC ATION SEEKING WITHDRAWAL OF THE APPEAL ON THE GROUND THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ITA NO.2623/DEL./2017 M/S. Y.K.JEWELLERS PVT. LTD. 2 ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVA D SE VISHWAS SCHEME, 2020 AND HAS FILED NECESSARY FORM 1 & 2 WI TH 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 H AS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. CONSEQUENTLY, THE PRESENT APPEAL IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON THIS 2 ND DAY OF FEBRUARY, 2021 AFTER THE CONCLUSION OF THE VIRTUAL HEARING. SD/- SD/- (R.K.PANDA) ( KULDIP SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 2 ND DAY OF FEBRUARY, 2021 BR COPY FORWARDED TO: 1.APPELLANT 2.RESPONDENT 3.CIT 4.CIT(A), NEW DELHI. 5.CIT(ITAT), NEW DELHI. AR, ITAT NEW DELHI. ITA NO.2623/DEL./2017 M/S. Y.K.JEWELLERS PVT. LTD. 3