The Faridabad Central Co-Operative Bank Ltd., Faridabad V. ACIT, Faridabad

ITA 482/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3206 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 9 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2009-2010
• Appeal Filed On: 30-01-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWA L SENIOR
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI SHRI SHRI SHRI AMIT SHUKLA AMIT SHUKLA AMIT SHUKLA AMIT SHUKLA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO . .. . 482 482 482 482 /DEL/20 /DEL/20 /DEL/20 /DEL/20 1 11 1 7 77 7 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : 20 : 20 : 20 : 20 09 0909 09 - -- - 10 1010 10 THE FARIDABAD CENTRAL THE FARIDABAD CENTRAL THE FARIDABAD CENTRAL THE FARIDABAD CENTRAL COOPERATI COOPERATI COOPERATI COOPERATIVE BANK LTD., VE BANK LTD., VE BANK LTD., VE BANK LTD., C/O CA VIJAY GUPTA, C/O CA VIJAY GUPTA, C/O CA VIJAY GUPTA, C/O CA VIJAY GUPTA, AAJV AND ASSOCIATES, AAJV AND ASSOCIATES, AAJV AND ASSOCIATES, AAJV AND ASSOCIATES, 10 1010 10- -- -B, 2 B, 2 B, 2 B, 2 ND NDND ND FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, NEAR AJRONDA NEELAM NEAR AJRONDA NEELAM NEAR AJRONDA NEELAM NEAR AJRONDA NEELAM FLYOVER, SECTOR 20 FLYOVER, SECTOR 20 FLYOVER, SECTOR 20 FLYOVER, SECTOR 20- -- -B, B,B, B, FARIDABAD. FARIDABAD. FARIDABAD. FARIDABAD. PAN : AAAFF2989B. PAN : AAAFF2989B. PAN : AAAFF2989B. PAN : AAAFF2989B. VS. VS. VS. VS. ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -1, 1,1, 1, FARIDABAD. FARIDABAD. FARIDABAD. FARIDABAD. (APPELLANT) (RESPONDE NT) APPELLANT BY : MS. GUNJAN JAIN, ADVOCATE. RESPONDENT BY : SHRI M. BARANWAL, SENIOR DR. DATE OF HEARING : 16 1616 16.11 .11.11 .11.2020 .2020 .2020 .2020 DATE OF PRONOUNCEMENT : 16 1616 16.11 .11.11 .11.2020 .2020 .2020 .2020 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEA R 2009-10 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A), FARID ABAD DATED 22 ND NOVEMBER, 2016. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE EMAIL DATED 30 TH OCTOBER, 2020 HAS REQUESTED FOR WITHDRAWAL OF THE A PPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. ITA-482/DEL/2017 2 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 16 TH NOVEMBER, 2020. SD/- SD/- ( (( ( AM AMAM AM IT SHUKLA IT SHUKLA IT SHUKLA IT SHUKLA ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : THE FARIDABAD CENTRAL COOPERATIVE BANK LTD., THE FARIDABAD CENTRAL COOPERATIVE BANK LTD., THE FARIDABAD CENTRAL COOPERATIVE BANK LTD., THE FARIDABAD CENTRAL COOPERATIVE BANK LTD., C/O CA VIJAY GUPTA, AAJV AND ASSOCIATES, C/O CA VIJAY GUPTA, AAJV AND ASSOCIATES, C/O CA VIJAY GUPTA, AAJV AND ASSOCIATES, C/O CA VIJAY GUPTA, AAJV AND ASSOCIATES, 10 1010 10- -- -B, 2 B, 2 B, 2 B, 2 ND NDND ND FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, FLOOR, RAMA PLACE, NEAR AJRONDA NEELAM FLYOVER, S NEAR AJRONDA NEELAM FLYOVER, S NEAR AJRONDA NEELAM FLYOVER, S NEAR AJRONDA NEELAM FLYOVER, SECTOR 20 ECTOR 20 ECTOR 20 ECTOR 20- -- -B, B,B, B, FARIDABAD. FARIDABAD. FARIDABAD. FARIDABAD. 2. RESPONDENT : ASSISTANT COMMISSIONER OF INCOME TA X, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -1, FARIDABAD. 1, FARIDABAD. 1, FARIDABAD. 1, FARIDABAD. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR