M/s. Basic Developers Pvt. Ltd., New Delhi V. ITO, New Delhi

ITA 2748/DEL/2015

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4753 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 9 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 07-05-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAGDISH SINGH
• Assessee Lawyers: T R TALWAR
• Section: 201

Judgement Text

IN TH E INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : B : NEW DELHI (THROUGH VIRTUAL HEARING) BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA NO. 2748 / DEL /201 5 ASSESSMENT YEAR : 20 06 - 07 BASIC DEVELOPOERS PVT. LTD., 23/26 , EAST PATEL NAGAR, NEW DELHI. PAN : AA CCB9584B VS ITO, WARD - 2 ( 3 ), NEW DELHI. (APP ELL A NT ) (RESPONDENT) A SSESSEE BY : SHRI T.R. TALWAR, ADVOCATE RE VENUE BY : SHRI JAGDISH SINGH, SR. DR DATE OF HEARING : 0 8 .0 2 . 20 2 1 DATE OF PRONOUNCEMENT : 0 8 . 0 2 . 20 2 1 ORDER PER R. K. PANDA, AM : THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 1 1 TH FEBRUARY, 201 5 OF THE CIT(A) - 2 , NEW DELHI, RELATING TO THE ASSESSMENT YEAR 20 06 - 07 . 2. THE LD. COUNSEL FOR THE ASSESSEE, AT THE TIME OF HEARING, S OUGHT WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER ITA NO. 2748 / DEL /201 5 2 THE VIVAD SE VISHWAS SC HEME, 2020. HOWEVER, F ORM NO.3 IS YET TO BE OBTAINED . HE ACCORDINGLY SUBMITTED THAT THIS APPEAL MAY BE ALLOWED TO BE WITHDRAWN. 3. IN ABSENCE OF ANY OBJECTION FROM THE SIDE OF THE LD. DR, THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE APPEAL IS ALLOW ED. 4. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED ASSESSMENT YEAR IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORESAID SCHEME , THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATELY AS PER LAW. THE REVENUE HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. 5. IN VIEW OF THE AFORESAID, THE APPEAL IS CONSIGNED TO RECORD AND, FOR STATISTI CAL PURPOSES, IS TREATED AS DISMISSED. THE ORDER W AS PRO NOUNCED IN THE OPEN COURT ON CONCLUSION OF THE HEARING ITSELF, I.E., ON 0 8 TH FEBRUARY, 2021. SD/ - SD/ - (SUCHITRA KAMBLE) (R.K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 0 8 TH FEBRUARY, 2021. DK ITA NO. 2748 / DEL /201 5 3 COPY FORWARDED TO : 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASSTT. REGISTRAR, ITAT, NEW DELHI