Parvati Minerals (P) Ltd., New Delhi V. ITO, Ward- 19(3), New Delhi

ITA 5069/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5148 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 8 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2012-2013
• Appeal Filed On: 31-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GAURAV DUDEJA
• Section: 48; 13; 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 SMC SMC SMC SMC- -- -1 11 1 : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI R.K. PANDA, ACCOUNTANT R.K. PANDA, ACCOUNTANT R.K. PANDA, ACCOUNTANT R.K. PANDA, ACCOUNTANT MEMBER MEMBER MEMBER MEMBER ITA NO. ITA NO. ITA NO. ITA NO. 5069 5069 5069 5069/DEL/20 /DEL/20 /DEL/20 /DEL/201 11 19 99 9 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 20 2020 2012 1212 12- -- -1 11 13 33 3 PARVATI MINERALS (P) PARVATI MINERALS (P) PARVATI MINERALS (P) PARVATI MINERALS (P) LTD., LTD., LTD., LTD., LGF, E LGF, E LGF, E LGF, E- -- -205, GK PART 205, GK PART 205, GK PART 205, GK PART- -- -II, II, II, II, NEW DEL NEW DEL NEW DEL NEW DELHI HI HI HI 48 48 48 48 ( (( (PAN: PAN: PAN: PAN: AAACP9191Q) AAACP9191Q) AAACP9191Q) AAACP9191Q) VS. VS. VS. VS. ITO, WARD 19(3), ITO, WARD 19(3), ITO, WARD 19(3), ITO, WARD 19(3), NEW DELHI NEW DELHI NEW DELHI NEW DELHI (APPELLANT) (APPELLANT) (APPELLANT) (APPELLANT) (RESPONDENT) (RESPONDENT) (RESPONDENT) (RESPONDENT) APPELLANT BY : SH. C.S. ANAND, ADVOCATE RESPONDENT BY : SH. GAURAV DUDEJA, SR. DR. DATE OF HEARING : 0 00 09 99 9.0 .0.0 .02 22 2.202 .202 .202 .2021 11 1 DATE OF PRONOUNCEMENT : 0 00 09 99 9.0 .0.0 .02 22 2.2021 .2021 .2021 .2021 ORDER ORDER ORDER ORDER PER PER PER PER R.K. PANDA, AM R.K. PANDA, AM R.K. PANDA, AM R.K. PANDA, AM : :: : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEA R 2012-13 IS DIRECTED AGAINST THE ORDER DATED 12.3.2019 OF LEARNED CIT(A)-7, NEW DELHI. 2. AT THE TIME OF HEARING, LD. COUNSEL FOR THE ASSE SSEE HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DI SPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSI DERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. IT WAS FURTHER S UBMITTED THAT TO THIS EFFECT THE DEPARTMENT HAS ISSUED A CERTIFI CATE UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 T O THE ASSESSEE. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, I ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE AFORESAID APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ITA NO ITA NO ITA NO ITA NO. . . . 5069 5069 5069 5069/ // /DEL/20 DEL/20 DEL/20 DEL/201 11 19 99 9 2 ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 09 TH FEBRUARY, 2021. SD/- ( (( (R.K. R.K. R.K. R.K. PANDA PANDA PANDA PANDA) )) ) ACCOUNTANT MEMBER ACCOUNTANT MEMBER ACCOUNTANT MEMBER ACCOUNTANT MEMBER DATE: 09.02.2021 SRB COPY FORWARDED TO: - 1. APPELLANT. . . . 2. RESPONDENT. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR ITA NO ITA NO ITA NO ITA NO. . . . 5069 5069 5069 5069/ // /DEL/20 DEL/20 DEL/20 DEL/201 11 19 99 9 3