The State Trading Corporation of India Ltd., New Delhi V. ACIT, Circle-25(1), New Delhi

ITA 4166/DEL/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7439 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 9 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2013-2014
• Appeal Filed On: 31-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL

Judgement Text

I.T.A.NOS.8320/DEL/2019, 5190/DEL/2018 & 4166/DEL/2 018 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D NEW DELHI BEFORE SHRI G.S. PANNU, HONBLE VICE PRESIDENT AND SHRI K.N. CHARY, JUDICIAL MEMBER ITA NO.8320/DEL/2019, AY 2013-14 ITA NO. 5190/DEL/2018, AY 2014-15 ITA NO. 4166/DEL/2018, AY 2013-14 THE STATE TRADING CORPORATION OF INDIA LTD. JAWAHAR VYAPAR BHAWAN, TOLSTOY MARG, NEW DELHI. VS. DCIT CIRCLE 25(1) NEW DELHI. PAN NO. AAACT0102F APPELLANT / RESPONDENT ASSESSEE BY NONE REVENUE BY SH. M. BARNWAL, SR. DR / DATE OF HEARING: 1 7 .03.2021 /PRONOUNCEMENT ON 1 7 .03.2021 /O R D E R PER G.S. PANNU, V.P. NONE APPEARED ON BEHALF OF THE ASSESSEE AT THE TIM E OF VIRTUAL HEARING. THESE APPEALS BY ASSESSEE FOR THE ASSESSM ENT YEARS 2013-14, 2014-15 AND 2013-14 RESPECTIVELY ARE DIRECTED AGAIN ST THE SEPARATE ORDERS OF LD. CIT(A), NEW DELHI DATED 30.08.2019, 2 2.05.2018 AND 11.01.2018 RESPECTIVELY. 2. BEFORE US, THE LD. DR APPEARED AND SUBMITTED THA T THE ASSESSEE HAS MOVED AN APPLICATION TO RESOLVE THE PENDING ISS UE THROUGH DIRECT TAX VIVAD SE VISHWAS SCHEME (VSVS) ACT, 2020 AND HAS FILED DECLARATION FORM NO. 1 & 2 AND RECEIVED FORM NO. 3 (ATTACHED HE REWITH). I.T.A.NOS.8320/DEL/2019, 5190/DEL/2018 & 4166/DEL/2 018 2 3. IN VIEW OF THE AFORESAID FACTS AND AFTER CONSIDE RING THE SUBMISSIONS OF THE ASSESSEE, WE DISMISS THE APPEALS OF ASSESSEE SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FO R THE CAPTIONED ASSESSMENT YEARS ARE NOT ULTIMATELY RESOLVED IN TER MS OF THE AFORESAID ACT, THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH T HE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER THE SAME. THESE APPEALS OF THE ASSESSEE ARE DISMISSED. 4. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE D ISMISSED. ORDER PRONOUNCED IN THE OPEN COURT IN PRESENCE OF L D. DR ON 17 TH DAY OF MARCH, 2021. SD/- SD/- (K.N. CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT DATED: 17.03.2021 * KAVITA ARORA, SR. P.S. COPY OF ORDER SENT TO- ASSESSEE/AO/PR. CIT/ CIT (A) / ITAT (DR)/GUARD FILE OF ITAT. BY ORDER ASSISTANT REGISTRAR, ITAT: DELHI BENCHES-DELHI