The State Trading Corporation of India Ltd., New Delhi V. ACIT, New Delhi

ITA 5009/DEL/2016

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9923 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 5 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 22-09-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI D BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K.NARSIMHA CHARY, JUDICIAL MEMBER ITA NOS.5009/DEL/2016, 3642 & 3643/DEL/2017 ASSESSMENT YEARS : 2010-11 TO 2012-13 THE STATE TRADING CORPORATION OF INDIA LTD., JAWAHAR VYAPAR BHAWAN, TOLSTOY MARG, NEW DELHI-110001. PAN-AAACT0102F VS ACIT, CIRCLE-25(1), NEW DELHI. APPELLANT RESPONDENT APPELLANT BY NONE RESPONDENT BY SH.M.BARNWAL, SR.DR DATE OF HEARING 17.03.2021 DATE OF PRONOUNCEMENT 17.03.2021 ORDER PER G.S. PANNU, VP : THESE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT YE ARS 2010-11 TO 2012-13 ARE DIRECTED AGAINST THE ORDERS OF LEARNED CIT(A ), NEW DELHI DATED 04.07.2016, 21.03.2017 & 21.03.2017 RESPECTIVELY. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE AT THE TIME OF VIRTUAL HEARING BEFORE US. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS LETTER DATED 09.03.2021 RECEIVED THROUGH EMAIL, HAS REQUESTED FO R WITHDRAWAL OF THE APPEALS FILED BY HIM AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE A SSESSMENT YEARS UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DIRECT T AX VIVAD SE VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. ITA NOS.-5009/DEL/2016, 3642 & 3643/DEL/2017 2 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE A SSESSEE FOR WITHDRAWAL OF THE APPEALS. 5. IN THE RESULT, APPEALS FILED BY THE ASSESSEE ARE DISMIS SED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEA RING ON 17 TH MARCH, 2021. SD/- SD/- (K.NARSIMHA CHARY) (G.S . PANNU) JUDICIAL MEMBER VICE PRESID ENT * AMIT KUMAR * COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI