K L STEEL PVT. LTD., NEW DELHI V. ACIT, CIRCLE- 14(2), NEW DELHI

ITA 5379/DEL/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 5106 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2014-2015
• Appeal Filed On: 21-08-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL
• Assessee Lawyers: RAHUL CHAURASIA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH E: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE, SHRI G. S. PANNU, VICE PRESIDENT AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER I.T.A NO.5379/DEL/2017 (ASSESSMENT YEAR 2014-1 5 ) M/S. K.L. STEELS PVT. LTD., Z-18, NARAINA, LOHA MANDI, NEW DELHI. PAN-AAACK 0237C VS. ASST.CIT, CIRCLE-14(1), NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY MR. RAHUL CHAURASIA, CA RESPONDENT BY MR. M. BARNWAL, SR. DR DATE OF HEARING 31.08.2021 DATE OF PRONOUNCEMENT 31.08.2021 ORDER PER G.S.PANNU, VP: THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT Y EAR 2014-15 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-5, DE LHI DATED 21.07.2017. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE EMAIL LETTER DATED 12.03.2021 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATI NG TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2 ITA NO.5 379 /DEL/2017 M/S K.L. STEELS P VT. LTD. VS. ITO 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5 (1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 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 IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN.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 ON CONCLUSION OF VIRT UAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 31 ST AUGUST, 2021. SD/- SD/- (SUCHITRA KAMBLE) (G.S.PANNU) JUDICIAL MEMBER VICE PRESIDENT PK/PS COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI