Falken Tyre India P.Ltd, Gurgaon V. DCIT, Circle-1(1), Gurgaon

ITA 4404/DEL/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8359 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 08-06-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: P RAKASH DUBEY SENIOR
• Assessee Lawyers: SHUBHANGI ARORA
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI SHRI SHRI SHRI SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO S SS S . .. . 4404 4404 4404 4404 /DEL/20 /DEL/20 /DEL/20 /DEL/20 1 11 1 8 & 4405/DEL/2018 8 & 4405/DEL/2018 8 & 4405/DEL/2018 8 & 4405/DEL/2018 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR S SS S : 20 : 20 : 20 : 20 1 11 1 3 33 3 - -- - 14 1414 14 & 2014 & 2014 & 2014 & 2014 - -- - 15 1515 15 M/S FALKEN TYRE INDIA PRIVATE M/S FALKEN TYRE INDIA PRIVATE M/S FALKEN TYRE INDIA PRIVATE M/S FALKEN TYRE INDIA PRIVATE LIMITED, LIMITED, LIMITED, LIMITED, 312, (J, K, L, M, N, P & Q) 312, (J, K, L, M, N, P & Q) 312, (J, K, L, M, N, P & Q) 312, (J, K, L, M, N, P & Q) CENTRUM PLAZA, SECTOR CENTRUM PLAZA, SECTOR CENTRUM PLAZA, SECTOR CENTRUM PLAZA, SECTOR- -- -53, 53, 53, 53, GOLF COURSE ROAD, GOLF COURSE ROAD, GOLF COURSE ROAD, GOLF COURSE ROAD, GURGAON GURGAON GURGAON GURGAON 122 002. 122 002. 122 002. 122 002. HARYANA. HARYANA. HARYANA. HARYANA. PAN : AACCF0920H. PAN : AACCF0920H. PAN : AACCF0920H. PAN : AACCF0920H. VS. VS. VS. VS. DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -1(1), 5 1(1), 5 1(1), 5 1(1), 5 TH THTH TH FLOOR, HSIIDC FLOOR, HSIIDC FLOOR, HSIIDC FLOOR, HSIIDC BUILDING, VANIJYA N BUILDING, VANIJYA N BUILDING, VANIJYA N BUILDING, VANIJYA NIKUNJ, IKUNJ, IKUNJ, IKUNJ, UDYOG VIHAR, PHASE UDYOG VIHAR, PHASE UDYOG VIHAR, PHASE UDYOG VIHAR, PHASE- -- -V, V,V, V, GURGAON. GURGAON. GURGAON. GURGAON. (APPELLANT) (RESPONDENT) APPELLANT BY : MS. SHUBHANGI ARORA, AR. RESPONDENT BY : SHRI PRAKASH DUBEY , SENIOR DR. DATE OF HEARING : 15 1515 15.01.2021 .01.2021 .01.2021 .01.2021 DATE OF PRONOUNCEMENT : 15 1515 15.01. .01. .01. .01.2021 2021 2021 2021 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THESE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT Y EARS 2013- 14 AND 2014-15 ARE DIRECTED AGAINST THE ORDER OF LE ARNED CIT(A)-2, GURGAON DATED 20 TH MARCH, 2018. 2. THE ASSESSEE, VIDE EMAIL DATED 13 TH DECEMBER, 2020 HAS REQUESTED FOR WITHDRAWAL OF THE APPEALS FILED BY IT AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING T O THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. CERTIFICATES TO THIS EFFECT UNDER SE CTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 HAVE ALSO BEE N FILED. ITA-4404 & 4405/DEL/2018 2 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. 5. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE D ISMISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 15 TH JANUARY, 2021. SD/- SD/- (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR