ACIT, Central Circle-14, New Delhi V. Oracle Farms LLP, New Delhi

ITA 4124/DEL/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2389 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2009-2010
• Appeal Filed On: 30-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: PRAMITA M BISWAS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI E BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA NO.3740/DEL/2016 ASSESSMENT YEAR : 2012-13 ORACLE FARMS LLP, (FORMERLY M/S. ORACLE FARMS PVT. LTD.), C/O-SEKHRI & ASSOCIATES, CA, FLAT NO.104-105, 28, FEROZE GANDHI ROAD, LAJPAT NAGAR-III, NEW DELHI-110024. PAN-AAACO7934N VS DCIT, CENTRAL CIRCLE-16, NEW DELHI. APPELLANT RESPONDENT ITA NO.4124/DEL/2018 ASSESSMENT YEAR : 2009-10 ACIT, CENTRAL CIRCLE-14, NEW DELHI. VS ORACLE FARMS LLP, E-20, LAJPAT NAGAR-III, NEW DELHI-110024. PAN-AADFO8737F APPELLANT RESPONDENT APPELLANT BY SH. R.S.SINGHVI, C.A RESPONDENT BY MS. PRAMITA M.BISWAS, CIT DR DATE OF HEARING 2 4 .02.2021 DATE OF PRONOUNCEMENT 24 .02.2021 ORDER PER KUL BHARAT, JM : THESE APPEALS BY THE ASSESSEE AND THE REVENUE FOR T HE ASSESSMENT YEARS 2012-13 & 2009-10 ARE DIRECTED AGAINST THE OR DERS OF LEARNED CIT(A), NEW DELHI DATED 06.06.2016 AND 21.03.2018 RESPECTIV ELY. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS L ETTER DATED 23.02.2021 RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWA L OF THE APPEAL FILED BY ITA NOS. 3740/DEL/2016 & 4124/DEL/2018 HIM AND STATED THAT THE ASSESSEE HAS OPTED TO SETTL E THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSI DERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO T HIS EFFECT UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 H AS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN VIEW OF THE AFORESAID, THE APPEAL OF THE REVE NUE AS WELL AS THE APPEAL OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ABOVE DECISION WAS PRONOUNCED ON CONCLUSION OF VIRT UAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 24 TH FEBRUARY, 2021. SD/- SD/- (PRASHANT MAHARISHI) (KUL BHARAT) ACCOUNTANT MEMBER JUDICI AL MEMBER * AMIT KUMAR * COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI