DCIT, Circle-18(1), New Delhi V. Lifestyle & Media Broadcasting Ltd, New Delhi

ITA 4360/DEL/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5045 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 10 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-04-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2012-2013
• Appeal Filed On: 07-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AND ALSO REQUE; HIM ASSESSMENT YEARS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: C NEW DELHI BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI KUL BHARAT, JUDICIAL MEMBER [THROUGH VIDEO CONFERENCING ] ITA NO.4082/DEL./2018 ASSESSMENT YEAR: 2011-12 M/S. LIFESTYLE & MEDIA BROADCASTING LTD. (FORMERLY KNOWN AS NDTV LIFESTYLE LTD.), 207-OKHLA INDUSTRIAL ESTATE, PHASE-III, NEW DELHI VS. DCIT, CIRCLE-18(1), NEW DELHI PAN :AACCN4206A (APPELLANT) (RESPONDENT) AND ITA NO.443/DEL./2020 ASSESSMENT YEAR: 2015-16 M/S. LIFESTYLE & MEDIA BROADCASTING LTD. , PLOT NO. 9, UNIT NO. 005, GROUND FLOOR COPIA CORPORATE SUITES, JASOLA, DELHI VS. ACIT, CIRCLE-18, NEW DELHI PAN :AACCN4206A (APPELLANT) (RESPONDENT) AND ITA NOS.4359 & 4360/DEL./2018 ASSESSMENT YEARS: 2011-12 & 2012-13 DCIT, CIRCLE-18(1), NEW DELHI VS. M/S. LIFESTYLE & MEDIA BROADCASTING LTD. (FORMERLY KNOWN AS NDTV LIFESTYLE LTD.), 207-OKHLA INDUSTRIAL ESTATE, PHASE-III, NEW DELHI PAN :AACCN4206A (APPELLANT) (RESPONDENT) 2 ITA NO.4082/DEL./2018; 443/DEL./2020; 4359/DEL./2018 & 4360/DEL./2018 ORDER PER G.S. PANNU, VP: THESE APPEALS BY THE ASSESSEE AND THE REVENUE FOR T HE RESPECTIVE ASSESSMENT YEARS ARE DIRECTED AGAINST SEPARATE ORDE RS OF LEARNED CIT(A), NEW DELHI. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE AT THE T IME OF VIRTUAL HEARING BEFORE US. THE LEANED COUNSEL FOR THE ASSESSEE, VIDE HIS LETTE R DATED 30 TH MARCH, 2021, HAS REQUESTED FOR WITHDRAWAL OF THE AP PEALS FILED BY HIM FOR ASSESSMENT YEARS 2011-12 AND 2015-16 AND ALSO REQUE STED FOR DISMISSAL OF APPEALS FILED BY THE REVENUE FOR ASSESSMENT YEARS 2 011-12 AND 2012-13 AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE TH E DISPUTES RELATING TO THE TAX ARREARS FOR ALL THE ASSESSMENT YEARS UNDER CONS IDERATION 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 IN THE APPEALS FOR ASSESSMENT YEARS UNDER CONSIDERATION. C OPIES OF FORM NO.3 HAS BEEN FILED IN RESPECT OF DEPARTMENTAL APPEALS WHICH SHOWS THAT NO TAX IS PAYABLE. 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 APPEALS FILED BY THE ASSESSEE AND DISMISSAL OF APPEALS FILED BY THE REVENUE HAVING BEEN INFRUCTUOUS. ASSESSEE BY NONE DEPARTMENT BY SHRI R.K. GUPTA, SR.DR DATE OF HEARING 15.04.2021 DATE OF PRONOUNCEMENT 15.04.2021 3 ITA NO.4082/DEL./2018; 443/DEL./2020; 4359/DEL./2018 & 4360/DEL./2018 5. IN THE RESULT, THE APPEALS FILED BY THE REVENUE AS WELL AS BY THE ASSESSEE ARE DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING ON 15 TH APRIL, 2021 SD/- SD/- ( KUL BHARAT ) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT RK/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI