Omron Automotive Components India Pvt. Ltd., Gurgaon V. DCIT, Gurgaon

ITA 3621/DEL/2016

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0687 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 6 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2010-2011
• Appeal Filed On: 17-06-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BARANWAL

Judgement Text

IN TH E INCOME TAX APPELLATE TRIBUNAL DE LHI BENCH : I - 2 : D E LHI (THROUGH VIRTUAL HEARING) BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER AND SHRI KULDIP SINGH, JUDICIAL MEMBER ITA NO. 3621 /DEL/201 6 ASSESSMENT YEAR : 20 10 - 11 OMRON AUTOMOTIVE COMPONENTS INDIA PVT. LTD., 108 & 103 - 106, FIRST FLOOR, SEWA CORPORATE PARK, MG ROAD, GURGAON. PAN : AA ACO9352N VS DC IT, CIRCLE - 2, GURGAON. (APP ELL A NT ) (RESPONDENT) A SSESSEE BY : SHRI SIDDHESH CHAUGULE, CA RE VENUE BY : SHRI BARANWAL, S R. DR DATE OF HEARING : 21 . 1 2 . 20 20 DATE OF PRONOUNCEMENT : 21 . 1 2 . 20 20 ORDER PER R. K. PANDA, AM : TH IS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 18. 03 .201 6 PASSED BY THE CIT(A) - 1, GURGAON, FOR ASSESSMENT YEAR 20 10 - 11 . 2. THE LD. COUNSEL FOR THE ASSESSEE, AT THE TIME OF HEARING, FILED AN APPLICATION SEEKING 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 THE VIVAD SE VISHWAS SCHEME, 2020. ITA NO. 36 21 /DEL/201 6 2 3. CONSIDERING THE AFORESAID SITUATION, THE CAPTIONED APPEAL I S CONSIGNED TO RECORDS AND TREATED AS DISMISSED. 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 REIN STITUTION 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 I S CONSIGNED TO RECORD AND, FOR STATISTICAL PURPO SES, IS TREATED AS DISMISSED. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOTH THE SIDES ON CONCLUSION OF VIRTUAL HEARING ON 21 ST DECEMBER, 2020. SD/ - SD/ - ( KULDIP SINGH ) ( R. K. PANDA ) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 21 ST DECEMBER, 2020. DK COPY FORWARDED TO 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASSTT. REGISTRAR, ITAT, NEW DELHI