M/s. Technico Strips and Tubes Pvt. Ltd., New Delhi V. DCIT, New Delhi

ITA 4554/DEL/2015

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3648 (ITAT-DELHI)
• Duration Of Justice: 5 year(s) 3 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 10-07-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RADHA KATYAL NARAN G
• Assessee Lawyers: SANJEEEV NARAYAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI D BEN CH, NEW DELHI [THROUGH VIDEO CONFERENCE] BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND SHRI K. N CHARY, JUDICIAL MEMBER ITA NO. 4554/DEL/2015 [A.Y 2011-12] M/S TECHNICO STRIPS AND TUBES PVT LTD VS. THE DY . C.I.T 103, PRATAP BHAWAN, BAHADURSHAH CIRCLE 16(1) ZAFAR MARG, NEW DELHI NEW DELHI PAN: AACCT 6658 G ITA NO. 5208/DEL/2015 [A.Y 2011-12] THE DY. C.I.T VS. M/S TECHNICO STRIPS AND TUBES P VT LTD CIRCLE 16(1) 103, PRATAP BHAWAN, BAHADURSHAH NEW DELHI ZAFAR MARG, NEW DELHI PAN: AACCT 6658 G [APPELLANT] [RESPONDENT] ASSESSEE BY : SHRI SANJEEEV NARAYAN, CA REVENUE BY : MS. RADHA KATYAL NARANG, SR. DR DATE OF HEARING : 04.11.2020 DATE OF PRONOUNCEMENT : 05.11.2020 2 ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, THE ABOVE TWO CROSS APPEALS BY THE ASSESSEE AND REV ENUE ARE PREFERRED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-9, NEW DELHI DATED 31.03.2015 PERTAINING TO ASSESSMENT YEAR 2011-12. SINCE BOTH THESE APPEALS WERE HEARD T OGETHER, THESE ARE BEING DISPOSED OF BY THIS COMMON ORDER FOR THE SAKE OF CONVENIENCE AND BREVITY. 2. AT THE VERY OUTSET, THE LD. COUNSEL FOR THE ASSE SSEE STATED THAT THE ASSESSEE IS SETTLING THE DISPUTE UNDER THE VIVA D SE VISHWAS SCHEME AND, THEREFORE, IT MAY BE ALLOWED TO WITHDRAW THE A PPEAL. 3. ON SUCH CONCESSION, THE APPEAL OF THE ASSESSEE I S DISMISSED AS WITHDRAWN. 4. SIMILARLY, THE APPEAL OF THE REVENUE IS ALSO DIS MISSED. 3 5. HOWEVER, IF FOR SOME TECHNICAL REASON THE DISPUT E COULD NOT BE SETTLED UNDER THE VIVAD SE VISHWAS SCHEME, BOTH/EIT HER PARTY CAN APPROACH THE TRIBUNAL AS PER THE PROVISIONS OF THE LAW. 6. IN THE RESULT, THE APPEAL OF THE REVENUE IN ITA NO. 5208/DEL/2015 AS WELL AS THE APPEAL OF THE ASSESSEE IN ITA NO. 4554/DEL/2015 STAND DISMISSED. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 05.11 .2020. SD/- SD/- [ K. N. CHARY ] [N.K. BILLAIYA] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 05 TH NOVEMBER, 2020 VL/ COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI 4 DATE OF DICTATION DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE DATE ON WHICH THE APPROVED DRAFT COMES TO DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE DATE ON WHICH THE FAIR ORDER COMES BACK TO DATE ON WHICH THE FINAL ORDER IS UPLOADED ON DATE ON WHICH THE FILE GOES TO THE BENCH CLERK DATE ON WHICH THE FILE GOES TO THE HEAD CLERK THE DATE ON WHICH THE FILE GOES TO THE DATE OF DISPATCH OF THE ORDER