Vayoo Nandan Finance Company Pvt Ltd, New Delhi V. ACIT Circle 26(1), New Delhi

ITA 4189/DEL/2019

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 6080 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 7 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-12-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 07-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SHREY JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘SMC-2’ NEW DELHI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER ITA No.4189/Del/2019 Assessment Year: 2010-11 M/s. Vayoo Nandan Finance Company Pvt. Ltd., B-6, Ganpati Apartment, 6, Alipur Road, Civil Lines, New Delhi Vs. ACIT, Circle -26(1), New Delhi PAN :AAAVC0437F (Appellant) (Respondent) ORDER This is an appeal by the assessee against order dated 29.03.2019 of learned Commissioner of Income Tax (Appeals)-16, New Delhi, for the assessment year 2010-11. 2. At the outset, learned counsel for the assessee, on instruction, sought withdrawal of the appeal as the assessee has opted for settling the dispute under the Direct Tax Vivad Se Vishwas Act, 2020. Appellant by Sh. Shrey Jain, Advocate Respondent by Sh. Om Prakash, Sr.DR Date of hearing 20.12.2021 Date of pronouncement 20.12.2021 2 ITA No.4189/Del/2019 3. Learned Departmental Representative did not express any objection to the aforesaid request of the assessee. 4. Having considered rival submissions, I find that the assessee has opted for settling the dispute under the Direct Tax Vivad Se Vishwas Act, 2020. Accepting assessee’s declaration, the designated authority has issued form No. 5. Thus, essentially, the dispute arising in the appeal has been settled. Therefore, accepting assessee’s request, I permit withdrawal of the appeal. Accordingly, the appeal is dismissed as withdrawn. Order pronounced in the open court on 20 th December, 2021 Sd/- (SAKTIJIT DEY) JUDICIAL MEMBER Dated: 20 th December, 2021. RK/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar, ITAT, New Delhi