M/s Technico Industies Ltd., New Delhi V. DCIT, New Delhi

ITA 4452/DEL/2015

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 7635 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 1 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-08-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: H
• Assessment Year: 2011-2012
• Appeal Filed On: 08-07-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D, NEW DELHI , ! # . $ , & ' BEFORE MS. SUSHMA CHOWLA, VP & DR. B.R.R. KUMAR, AM [THROUGH VIDEO CONFERENCING] ( / ITA NO. 4452/DEL/2015 ) / ASSESSMENT YEAR: 2011-12 TECHNICO INDUSTRIES LTD., 103, PRATAP BHAWAN, BAHADURSHAH ZAFAR MARG, NEW DELHI-110003. PAN-AAACT4445P ... .......... /APPELLANT VS THE DCIT, CIRCLE-16(1), NEW DELHI . / RESPONDENT / APPELLANT BY: SH. ASHWANI KUMAR, FCA / RESPONDENT BY: SH. J.K.MISHRA, CIT DR ) / DATE OF HEARING : 24.08.2020 / DATE OF PRONOUNCEMENT: 24.08.2020 / ORDER PER SUSHMA CHOWLA, VP THE PRESENT APPEAL FILED BY ASSESSEE IS AGAINST OR DER OF DCIT, CIRCLE- 16(1), NEW DELHI DATED 31.03.2015 RELATING TO ASSES SMENT YEAR 2011-12 AGAINST THE ORDER PASSED UNDER SECTION 143(3) OF TH E INCOME-TAX ACT, 1961 (IN SHORT THE ACT). 2 ITA NO.4452/DEL/2015 ASSESSMENT YEAR: 2011-12 2. THE LD. AR FOR THE ASSESSEE HAS REQUESTED FOR WI THDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER VIVAD SE VISHWAS SCHEME, 2020 . AN APPLICATION TO THIS EFFECT HAS BEEN FILED BY ASSESSEE DATED 22.08.2020 ALONGWITH COPY OF FORM NO.(1) I.E. FORM FOR FILING DECLARATION UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020. 3. THE LD. DR FOR THE REVENUE HAS NO OBJECTION TO T HE SAME. 4. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT TH AT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED ASSESSMEN T YEAR IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORE-STATED ACT, THE APPE LLANT (I.E. THE ASSESSEE) SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTIT UTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIAT ELY AS PER LAW. THE LD.DR FOR THE REVENUE HAS NO OBJECTION WITH REGARD TO TH E AFORESAID CAVEAT. 5. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 24 TH AUGUST, 2020. SD/- SD/- (DR. B.R.R. KUMAR) (SUSHMA CHOWLA) /ACCOUNTANT MEMBER / VICE PRESIDENT / ) DATED : 24 TH AUGUST, 2020 * AMIT KUMAR * 3 ITA NO.4452/DEL/2015 ASSESSMENT YEAR: 2011-12 *)+),-./0)10.2 COPY OF THE ORDER IS FORWARDED TO : 1. 34) / THE APPELLANT 2. ,534) / THE RESPONDENT 3. ) 6. 7 8) / THE CIT(A) 4. 9)) 6.) / THE PR. CIT 5. 6. ) 0:;),-.- <) )) < ) / DR, ITAT, DELHI ;=)>)2) GUARD FILE. ) * / BY ORDER , 50.),-. // TRUE COPY // ? @A'B , )) )< ) ASSISTANT REGISTRAR, ITAT, DELHI