RELIGARE SECURITIES LTD. (Now merged with Religare Enterprises Ltd.), NEW DELHI V. JCIT, OSD, CIRCLE- 21(1), NEW DELHI

ITA 4436/DEL/2018

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 3336 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 3 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2014-2015
• Appeal Filed On: 11-06-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SOMYA JAIN CA SH ROHIT ANAND

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: F NEW DELHI BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER AND SHRI O.P. KANT, ACCOUNTANT MEMBER [THROUGH VIDEO CONFERENCING] ITA NO.4436/DEL/2018 ASSESSMENT YEAR: 2014-15 M/S. RELIGARE SECURITIES LTD. (NOW MERGED WITH RELIGARE ENTERPRISES LTD.), 2 ND FLOOR, TOWER-A, PRIUS GLOBAL, PLOT NO. 11, A-3,4,5, SECTOR-125, NOIDA, UTTAR PRADESH VS. JCIT, OSD, CIRCLE-21(1), NEW DELHI PAN :AAACF1952D (APPELLANT) (RESPONDENT) ORDER PER O.P. KANT, AM: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST TH E ORDER OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-7, NEW DELHI, DATED 02.04.2018 PASSED FOR ASSESSMENT YEAR 2014-15 . 2. WE HAVE HEARD LEARNED REPRESENTATIVES OF BOTH THE PARTIES THROUGH VIDEO CONFERENCING. 3. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE HIS LET TER DATED 5 TH OCTOBER, 2021, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL AS THE APPELLANT BY MS. SOMYA JAIN, CA RESPONDENT BY SH. ROHIT ANAND, SR.DR DATE OF HEARING 07.10.2021 DATE OF PRONOUNCEMENT 07.10.2021 2 ITA NO.4436/DEL/2018 ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING T O THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION, UNDER THE VIVAD SE VISHWAS SCHEME, 2020. THE FORM NO.3 HAS BEEN RECEIV ED BY THE ASSESSEE, WHICH IS PLACED ON RECORD. THE LEARNED CO UNSEL, THEREFORE, SEEKS PERMISSION TO WITHDRAW THE APPEAL. 2. IN VIEW OF THE AFORESAID, THE APPEAL OF THE ASSESS EE IS DISMISSED AS WITHDRAWN SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION IS NOT ULTIMATELY RESOLVED IN TERMS O F THE AFORESTATED SCHEME, THE APPELLANT SHALL BE AT LIBER TY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND TH E TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATELY AS PER LAW. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (KUL BHARAT) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 7 TH OCTOBER, 2021. RK/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI