Lite Bite Foods Pvt. Ltd., New Delhi V. DCIT, New Delhi

ITA 4194/DEL/2016

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0169 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 5 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2006-2007
• Appeal Filed On: 29-07-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: AGAINST DATED PASSED

Judgement Text

1 ITA NO. 4194/DEL/2016 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH:D NEW DELHI BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER I.T.A. NO. 4194/DEL /2016 (A.Y 2006-07) (THROUGH VIDEO C ONFERENCING) LITE BITE FOODS PVT. LTD., 4 TH FLOOR, PUNJABI BHAWAN 10, ROUSE AVENUE, NEW DELHI-110002 PAN-AAACL7300H (APPELLANT) VS DCIT, CIRCLE - 4(1), NEW CIRCLE - 15(2), NEW DELHI (RESPONDENT) ORDER PER ANIL CHATURVEDI, AM THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE OR DER DATED 23/05/2016 PASSED BY CIT(A)-5 FOR ASSESSMENT YEAR 2006-07. 2. BEFORE US, THE ASSESSEE HAS MOVED AN APPLICATI ON DATED 23/12/2020, WHERE IN IT IS SUBMITTED THAT THE ASSESS EE HAS EXERCISED THE OPTION UNDER VIVAD SE VISHWAS SCHEM E (VSV) BUT THE FINAL APPROVAL FROM AUTHORITIES IS AWAITED. 3. IN VIEW OF THE AFORESAID FACTS AND AFTER CONSIDER ING THE SUBMISSIONS OF THE ASSESSEE, WE DISMISS THE APPEAL OF ASSESSEE AS WITHDRAWN SUBJECT TO A CAVEAT THAT IN CASE THE DISPUT E RELATING TO APPELLANT BY SH. M.P. RASTOGI, ADV RESPONDENT BY MS.AASHNA PAUL, CIT DR DATE OF HEARING 29.12.2020 DATE OF PRONOUNCEMENT 29.12.2020 2 ITA NO. 4194/DEL/2016 TAX ARREARS FOR THE CAPTIONED ASSESSMENT YEAR IS NO T ULTIMATELY RESOLVED IN TERMS OF THE AFORESAID ACT, THE ASSESSE E SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER DIRECTIONS THE APPEAL O F THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISS ED. ORDER PRONOUNCED IN THE OPEN COURT ON 29.12.2020. SD/- SD/- (SUCHITRA KAMBLE) (ANIL CHATURVEDI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 29/12/2020 SH COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELH