DCIT, New Delhi V. M/s HBN Housing Finance Ltd., New Delhi

ITA 4574/DEL/2013

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3257 (ITAT-DELHI)
• Duration Of Justice: 7 year(s) 3 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-11-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 12-06-2017
• Assessment Year: 2006-2007
• Appeal Filed On: 02-08-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

DCIT VS. HBN HOUSING FINANCE LTD./ I.T.A.NO.4574/DE L/2013/A.Y.2006-07 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH C NEW DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER . . /. I.T.A NO.4574/DEL/2013 / ASSESSMENT YEAR:2006-07 DCIT CENT. CIRCLE 1 NEW DELHI. VS. HBN HOUSING FINANCE LTD. 302-303, VARDHMAN TOWER, SONIA COMPLEX, VIKAS PURI, NEW DELHI. PAN NO. AABCH3930J APPELLANT / RESPONDENT /REVENUE BY MS. SUNITA SINGH, CIT DR /ASSESSEE BY MS. GUNJAN JAIN, CA / DATE OF HEARING: 1 9 .11 .20 20 /PRONOUNCEMENT ON 1 9 .11 .20 20 /O R D E R PER BHAVNESH SAINI, J.M. THIS APPEAL BY REVENUE HAS BEEN DIRECTED AGAINST T HE ORDER OF LD. CIT(APPEALS)-XXXIII, NEW DELHI DATED 01.04.2013 FOR AY 2006-07. 2. THE ASSESSEE HAS PLACED ON RECORD AN APPLICATION AND SUBMISSION STATING THEREIN THAT IN THE AFORESAID DEPARTMENTAL APPEAL ASSESSEE HAS ALREADY OPTED FOR VIVAD SE VISHWAS SCHEME AND DULY FILED THE FORM NO. 1 & 2. 3. LD. REPRESENTATIVES OF BOTH THE PARTIES, THEREFO RE, SUBMITTED THAT THE DEPARTMENTAL APPEAL MAY BE DISPOSED OF IN TERMS OF ABOVE SUBJECT TO ISSUE OF FORM NO. 3 IN FAVOUR OF THE ASSESSEE. DCIT VS. HBN HOUSING FINANCE LTD./ I.T.A.NO.4574/DE L/2013/A.Y.2006-07 2 4. CONSIDERING THE SUBMISSION OF THE PARTIES AS ABO VE, DEPARTMENTAL APPEAL STANDS DISPOSED OF IN TERMS OF ABOVE SUBJECT TO ISSUE OF FORM NO. 3 IN FAVOUR OF THE ASSESSEE UNDER VIVAD SE VISHWAS SC HEME. 5. IN THE RESULT, DEPARTMENTAL APPEAL STANDS DISPOS ED OF IN TERMS OF ABOVE. ORDER PRONOUNCED IN THE OPEN COURT ON 19/11/2020. SD/- SD/- (ANIL CHATURVEDI) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 19 TH NOVEMBER, 2020 * KAVITA ARORA, SR. P.S. COPY OF ORDER SENT TO- ASSESSEE/AO/PR. CIT/ CIT (A) / ITAT (DR)/GUARD FILE OF ITAT. BY ORDER ASSISTANT REGISTRAR, ITAT: DELHI BENCHES-DELHI