Ravva Oil (Singapore) Pte. Ltd., New Delhi V. ADIT, New Delhi

ITA 2811/DEL/2013

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6273 (ITAT-DELHI)
• Duration Of Justice: 7 year(s) 8 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2002-2003
• Appeal Filed On: 08-05-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: DR SHRI PRABHA KANT
• Assessee Lawyers: PUR USHOTTAM ANAND

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES D : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA.NOS.2978, 2979 & 2980/DEL./2011 ASSESSMENT YEARS 2004-2005, 2005-2006 & 2006-207 THE ASSISTANT DIRECTOR OF INCOME TAX, CIRCLE-2(1), INTL. TAXATION NEW DELHI. VS., M/S. RAVVA OIL (SINGAPORE) PTE LTD., C/O. S.R. BATLIBOI & CO. GOLF VIEW CORPORATE TOWER-B, SECTOR-42 SECTOR ROAD, GURGAON, HARYANA PIN 122 002 PAN AAACR1530M (APPELLANT) (RESPONDENT) C.O.NOS.304 & 305/DEL./2011 ARISING OUT OF ITA.NOS.2979 & 2980/DEL./2011 ASSESSMENT YEARS 2005-2006 & 2006-2007 M/S. RAVVA OIL (SINGAPORE) PTE LTD., C/O. S.R. BATLIBOI & CO. GOLF VIEW CORPORATE TOWER-B, SECTOR-42 SECTOR ROAD, GURGAON, HARYANA PIN 122 002 PAN AAACR1530M VS., THE ASSISTANT DIRECTOR OF INCOME TAX, CIRCLE-2(1), NEW DELHI. (CROSS OBJECTOR) (RESPONDENT) ITA.NOS.2810, 2811, 2812, 2813 & 2814/DEL./2013 ASSESSMENT YEARS 2001-2002, 2002-2003, 2003-2004, 2004-2005 & 2009-2010 M/S. RAVVA OIL (SINGAPORE) PTE LTD., C/O. MARUBENI INDIA PVT. LTD., 5 TH FLOOR, BERJAYA HOUSE, COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI PIN 110 065 PAN AAACR1530M VS., THE ASSISTANT DIRECTOR OF INCOME TAX, CIRCLE-2(1), INTERNATIONAL TAXATION, NEW DELHI. (APPELLANT) (RESPONDENT) 2 ITA.NOS.2979/DEL./2011 ETC., M/S. RAVVA OIL (SINGAPORE) PTE LTD., GURGAON, HARYANA. FOR ASSESSEE : SHRI PURUSHOTTAM ANAND, ADVOCATE FOR REVENUE : DR. SHRI PRABHA KANT , CIT DATE OF HEARING : 03.02.2021 DATE OF PRONOUNCEMENT : 03.02.2021 ORDER PER BHAVNESH SAINI, J.M. THIS ORDER SHALL DISPOSE OF ALL THE ABOVE APPEALS OF ASSESSEE, DEPARTMENTAL APPEALS AND CROSS OBJECTIONS FILED BY THE ASSESSEE FOR THE ABOVE ASSESSMENT YEARS. 2. WE HAVE HEARD THE LEARNED REPRESENTATIVES OF BOTH THE PARTIES THROUGH VIDEO CONFERENCING. 3. LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT ASSESSEE HAS AVAILED THE BENEFIT OF VIVAD SE VISHWAS SCHEME, 2020 IN ALL THE ABOVE MATTERS AND HAS MADE A DECLARATION IN PRESCRIBED FORM NO.1 WITH THE GOVERNMENT OF INDIA. HE HAS SUBMITTED THAT THE DESIGNATED AUTHORITY HAS ISSUED THE ORDERS FOR THE ABOVE ASSESSMENT YEARS CONFIRMING THE SETTLEMENT OF THE ISSUES INVOLVED IN THE ABOVE CROSS-APPEALS. HE HAS SUBMITTED THAT ASSESSEES APPEALS AS 3 ITA.NOS.2979/DEL./2011 ETC., M/S. RAVVA OIL (SINGAPORE) PTE LTD., GURGAON, HARYANA. WELL AS CROSS OBJECTIONS MAY BE DISMISSED AS WITHDRAWN AND DEPARTMENTAL APPEALS MAY BE DISPOSED OF ACCORDINGLY. 4. IN VIEW OF THE ABOVE, ALL THE APPEALS OF THE ASSESSEE ALONG WITH CROSS OBJECTIONS ARE DISMISSED AS WITHDRAWN AND DEPARTMENTAL APPEALS ARE DISPOSED OF ACCORDINGLY. 5. IN THE RESULT, ALL THE APPEALS OF THE ASSESSEE ALONG WITH CROSS OBJECTIONS ARE DISMISSED AS WITHDRAWN AND DEPARTMENTAL APPEALS ARE DISPOSED OF ACCORDINGLY. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (PRASHANT MAHARISHI) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DELHI, DATED 03 RD FEBRUARY, 2021 VBP/- COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT(A) CONCERNED 4. CIT CONCERNED 5. D.R. ITAT D BENCH, DELHI 6. GUARD FILE. // BY ORDER // ASSISTANT REGISTRAR : ITAT DELHI BENCHES : DELHI.