Anandam Trade & Consultants Ltd.(earlier know as Kinetic Capital Services Ltd.), Delhi V. ACIT,Circle-14(2), New Delhi

ITA 4437/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6918 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 8 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 15-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH B NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AN D SHRI MAHAVIR PRASAD, JUDICIAL MEMBER ITA NO. 4437/DEL/2019 ASSESSMENT YEAR 2015-16 ANANDAM TRADE & CONSULTANTS LTD. (EARLIER KNOWN AS KINETIC CAPITAL SERVICES LTD.) 302B, APRA PLAZA PLOT NO. 28, ROAD NO. 44, COMMUNITY CENTRE, DELHI-110034 (PAN: AAACK7246F) VS ACIT, CIRCLE 14(2), NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI PRANSHU SINGHAL, CA RESPONDENT BY: SHRI M. BARANWAL , SR. DR DATE OF HEARING : 27.01.2021 DATE OF PRONOUNCEMENT : 27.01.2021 ORDER PER G.S. PANNU, VICE PRESIDENT THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF LEARNED COMMISSIONER OF INCOME TAX(A)-5, NEW DELHI DATED 29 .03.2019 AND PERTAINS TO ASSESSMENT YEAR 2015-16. ITA 4437/DEL/2019 2 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE HIS L ETTER, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARR EARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS ACT, 2020 (IN SHORT THE ACT'). 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST O F THE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 27 TH JANUARY, 2021. SD/- SD/- (MAHAVIR PRASAD) ( G.S. PANNU ) JUDICIAL MEMBER VICE PRE SIDENT GS COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR