Philco Exports Pvt Ltd, New Delhi V. ITO WARD - 19(4), New Delhi

ITA 5431/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8771 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 1 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 18-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAGDISH SINGH DAHIYA 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 FRIDAY BENCH FRIDAY BENCH FRIDAY BENCH FRIDAY 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 K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO. ITA NO. ITA NO. ITA NO. 5431 5431 5431 5431 /DEL/2 /DEL/2 /DEL/2 /DEL/2 01 0101 01 9 99 9 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 20 2020 20 1 11 1 1 11 1 - -- - 12 1212 12 M/S PHILCO EXPOR M/S PHILCO EXPOR M/S PHILCO EXPOR M/S PHILCO EXPOR TS PRIVATE TS PRIVATE TS PRIVATE TS PRIVATE LIMITED, LIMITED, LIMITED, LIMITED, S SS S- -- -125, GREATER KAILASH, 125, GREATER KAILASH, 125, GREATER KAILASH, 125, GREATER KAILASH, PART PART PART PART- -- -2, SOUTH DELHI, 2, SOUTH DELHI, 2, SOUTH DELHI, 2, SOUTH DELHI, PIN PIN PIN PIN 110 048. 110 048. 110 048. 110 048. PAN : AAACP3961E. PAN : AAACP3961E. PAN : AAACP3961E. PAN : AAACP3961E. VS. VS. VS. VS. INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, WARD WARD WARD WARD- -- -19 1919 19( (( (4 44 4), ),), ), NEW DELHI NEW DELHI NEW DELHI NEW DELHI. .. . (APPELLANT) (RESPONDENT) APPELLANT BY : NONE. RESPONDENT BY : SHRI JAGDISH SINGH DAHIYA , SENIOR DR. DATE OF HEARING : 24 2424 24.07.2020 .07.2020 .07.2020 .07.2020 DATE OF PRONOUNCEMENT : 24 2424 24.07 .07.07 .07.2020 .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 2011-12 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-7, NEW DELHI DATED 8 TH MAY, 2019. 2. VIDE LETTER DATED 22 ND JUNE, 2020, THE ASSESSEE HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY IT AND STATED THA T IT HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE DIRECT TAX VIVAD SE V ISHWAS SCHEME, 2020. 3. LEARNED SENIOR DR HAS NO OBJECTION. ITA-5431/DEL/2019 2 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 24 TH JULY, 2020. SD/- SD/- ( (( ( K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY ) )) ) (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 : M/S PHIL M/S PHIL M/S PHIL M/S PHILCO EXPORTS PRIVATE LIMITED, CO EXPORTS PRIVATE LIMITED, CO EXPORTS PRIVATE LIMITED, CO EXPORTS PRIVATE LIMITED, S SS S- -- -125, GREATER KAILASH, PART 125, GREATER KAILASH, PART 125, GREATER KAILASH, PART 125, GREATER KAILASH, PART- -- -2, SOUTH DELHI, 2, SOUTH DELHI, 2, SOUTH DELHI, 2, SOUTH DELHI, PIN PIN PIN PIN 110 048. 110 048. 110 048. 110 048. 2. RESPONDENT : INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD INCOME TAX OFFICER, WARD- -- -19(4), NEW DELHI. 19(4), NEW DELHI. 19(4), NEW DELHI. 19(4), NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR