ACIT, New Delhi V. M/s. The State Trading Corporation of India Ltd., New Delhi

ITA 3659/DEL/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7190 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 2 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-09-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2011-2012
• Appeal Filed On: 06-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: DEEPTI S JOHN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH G, NEW DELHI BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND SH. KULDIP SINGH, JUDICIAL MEMBER (THROUGH VIDEO CONFERENCING) ITA NO.3659 & 3660/DEL/2017 ASSESSMENT YEAR: 2011-12 & 2012-13 ACIT CIRCLE 25 (1) NEW DELHI VS M/S. THE STATE TRADING CORPORATION OF INDIA LTD. JAWAHAR VYAPAR BHAWAN, TOLSTOY MARG, NEW DELHI-110001 PA N NO.AAACT0102F (APPELLANT) (RESPONDENT) APPELLANT BY SH. H. K. CHOUDHARY, CIT DR RESPONDENT BY MS. DEEPTI S. JOHN, DATE OF HEARING: 01/09/2021 DATE OF PRONOUNCEMENT: 01/09/2021 ORDER PER N. K. BILLAIYA, AM: THESE APPEALS FILED BY THE REVENUE ARE PREFERRED A GAINST THE ORDER OF THE CIT(A)-9, NEW DELHI DATED 21.03.2017 F OR A.Y. 2011-12 AND 2012-13. 2. VIDE LETTER DATED 19.08.2021 THE ASSESSEE INTERA LIA, BROUGHT TO THE NOTICE OF THE BENCH AS UNDER :- 2 STC HAD OPTED FOR VSV SCHEME FOR SETTLEMENT OF ALL PENDING TAX DISPUTES WITH IT DEPARTMENT PERTAINING TO A.Y 2010- 11 TO 2014-15 (5 ASSESSMENT YEARS). THE DEPARTMENT HAS ISSUED FO RM-5 UNDER THE VSV SCHEME FOR THE A.YS 2011-12 AND 2012-13. 3. IN THE LIGHT OF THE ABOVE BOTH THE APPEALS FILED BY THE REVENUE ARE DISMISSED AS WITHDRAWN. 4. DECISION ANNOUNCED IN THE OPEN COURT IN THE PRES ENCE OF BOTH THE REPRESENTATIVES ON 01.09.2021. SD/- SD/- (KULDIP SINGH) (N. K. BILLAIYA) JUDICIAL MEMBER A CCOUNTANT MEMBER *NEHA* DATE:-01.09.2021 COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGI STRAR ITAT NEW DELHI 3 DATE OF DICTATION 01.09.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 01.09.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 01.09.2021 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS/PS 01.09.2021 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 01.09.2021 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 01.09.2021 DA TE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT 01.09.2021 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 01.09.2021 DATE ON WHICH FILE GOES TO THE HEAD CLERK. THE DATE ON WHICH FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISP ATCH OF THE ORDER