Premnath Credit & Investment Corporation Ltd, New Delhi V. ITO WARD 20(4), New Delhi

ITA 3197/DEL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 6402 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 5 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 10-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”: NEW DELHI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER AND SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER ITA No.3197/Del/2019 Asstt. Year : 2010-11 Premnath Credit & Investment Corporation Ltd. 8A/12, GF, WEA, Karol Bagh, New Delhi – 110 005 PAN AADCP9841N Vs. ITO, Ward 20(4) New Delhi. (Appellant) (Respondent) O R D E R PER SAKTIJIT DEY, JM:- This is an appeal by the assessee against order dated 13.02.2019 of learned Commissioner of Income Tax (Appeals)-7, New Delhi, for the assessment year 2010-11. 2. When the appeal was called for hearing, none appeared for the assessee. However, assessee has furnished letter dated 17 th June, 2022 seeking withdrawal of the appeal as the dispute arising in the appeal has been settled under the Vivad Se Vishwas Assessee by: None Department by : Shri Mrinal Kumar Das, Sr. DR Date of Hearing 16.09.2022 Date of pronouncement 16.09.2022 ITA No.3197/Del/2019 AY: 2010-11 2 Scheme, 2020. Learned Departmental Representative (DR) did not object to assessee’s request for withdrawal of the appeal. 3. We have heard learned Departmental Representative and perused the material on record. It is observed, accepting assessee’s declaration filed under the Vivad Se Vishwas Scheme, 2020, the Designated Authority has issued Form No. 5. Thus, for all practical purposes, the dispute arising in the present appeal stands resolved. Therefore, accepting assessee’s prayer, we permit withdrawal of the present appeal. Accordingly, appeal is dismissed as withdrawn. 4. In the result appeal is dismissed. Order pronounced in the open court at time of hearing itself i.e. on 16 th September, 2022. Sd/- Sd/- (N.K. BILLAIYA) (SAKTIJIT DEY) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 16/09/2022 Veena Copy forwarded to 1. Applicant 2. Respondent 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR