ITO, New Delhi V. M/s Ultra Modern Exports Pvt. Ltd., New Delhi

ITA 3305/DEL/2011

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4234 (ITAT-DELHI)
• Duration Of Justice: 9 year(s) 7 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2006-2007
• Appeal Filed On: 21-06-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: OMESHTAKYAR
• Assessee Lawyers: RAHUL CHAURASIA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: D NEW DELHI BEFORE SHRI O.P. KANT, ACCOUNTANT MEMBER & SHRI K.NARASIMHA CHARY, JUDICIAL MEMBER ITA NO.- 3305 /DEL/ 2011 (ASSESSMENT YEAR: 2006-07) ITO, WARD - 18 (1), ROOM NO. 247, CR BUILDING, IP ESTATE, NEW DELHI. VS. ULTRAMODERN EXPORTS (P) LTD, I-175, 2 ND FLOOR, GHARWALIMAHALLA, LAXMI NAGAR, NEW DELHI. PAN NO. AAACU 8087G APPELLANT RESPONDENT ASSESSEE BY SH. RAHUL CHAURASIA, CA REVENUE BY SH. OMESHTAKYAR, SR. DR DATE OF HEARING: 11/2/2021 PRONOUNCEMENT ON 11/2/2021 ORDER PER K. NARASIMHA CHARY, JM THIS APPEAL BY REVENUE IS DIRECTED AGAINST THE ORDE RS OF LEARNED COMMISSIONER OF INCOME-TAX (APPEALS)- XXI, NEW DELH I (LD. CIT(A)) IN THE CASE OF M/S ULTRAMODERN EXPORTS PRIVATE LIMI TED (THE ASSESSEE) FOR ASSESSMENT YEAR 2006-07. 2. LEARNED COUNSEL FOR THE ASSESSEE HAS INTIMATED T HAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS UNDER THE VIVAD SE VISHWAS ACT, 2020 (IN SHORT THE ACT) FOR THE A SSESSMENT YEAR UNDER 2 CONSIDERATION AND REQUESTED THAT THIS APPEAL SHOULD BE TREATED AS DEEMED TO BE WITHDRAWN BY THE REVENUE. 3. CONSIDERING THE AFORESAID SITUATION, THE CAPTION ED APPEAL IS CONSIGNED TO RECORDS AND TREATED AS DISMISSED. ORDER WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARI NG IN THE PRESENCE OF BOTH THE PARTIES ON THIS THE 11 TH DAY OF FEBRUARY, 2021. SD/- SD/- (O.P.KANT) (K. NARSIMHA CHARY) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 11/2/2021