ACIT,Circle-II, , Faridabad V. NHPC Ltd, Faridabad

ITA 2846/DEL/2018

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 5974 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 4 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-09-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 23-04-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRATIMA M BISWAS
• Assessee Lawyers: SOUMYA JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH E : NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND SHRI KUL BHARAT, JUDICIAL MEMBER ITA NOS. 2846 & 2847/DEL/2018 ASSESSMENT YEARS : 2014-15 & 2015-16 ACIT, CIRCLE-II, FARIDABAD NEW CGO COMPLEX, B-BLOCK, NH-IV, NIT, FARIDABAD, HARYANA VS. NHPC LTD., NHPC OFFICE COMPLEX, 4 TH FLOOR, FINANCE DIVISION, SECTOR-33, FARIDABAD, HARYANA-121 003 (PAN: AAACN0149C) (APPELLANT) (RESPONDENT) APPELLANT BY : MS. PRATIMA M. BISWAS, CIT(DR) RESPONDENT BY : MS. SOUMYA JAIN, CA DATE OF HEARING : 15.09.2021 DATE OF PRONOUNCEMENT : 15.09.2021 ORDER PER BENCH: THESE APPEALS BY THE REVENUE FOR THE ASSESSMENT YEA RS 2014-15 & 2015-16 ARE DIRECTED AGAINST THE SEPARATE ORDERS BO TH DATED 13.02.2018 OF THE LEARNED CIT(A), FARIDABAD. 2. AT THE TIME OF HEARING, THE ASSESSEES A.R. HAS REQUESTED FOR DISMISSAL OF THE APPEALS FILED BY THE REVENUE AND S TATED THAT ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARR EARS FOR THE ASSESSMENT 2 YEARS UNDER CONSIDERATION UNDER THE VIVAD SE VISHWA S SCHEME, 2020. A COPY OF FORM-5 ISSUED ON 27.1.2021 BY THE PCIT, FAR IDABAD IN BOTH THE ASSESSMENT YEARS HAS ALSO BEEN FILED. 3. LEARNED CIT(DR) HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEES A.R. FOR DISMISSAL OF THE CAPTIONED APPEALS FILED BY TH E REVENUE. 5. IN THE RESULT, BOTH THE APPEALS OF THE REVENUE A RE DISMISSED HAVING BECOME INFRUCTUOUS ABOVE DECISION WAS PRONOUNCED IN THE PRESENCE OF BO TH THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 15 TH SEPTEMBER, 2021. SD/- SD/- (KUL BHARAT) (R.K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATE: 15.09.2021 SRB COPY FORWARDED TO: - 1. APPELLANT . 2. RESPONDENT. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR