Nearbuy India P.Ltd (Formerly known as Groupon India P.Ltd), New Delhi V. DCIT, Circle-10(2), New Delhi

ITA 5495/DEL/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7823 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 4 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 23-08-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWA L SENIOR

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 SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO . .. . 5495 5495 5495 5495 /DEL/20 /DEL/20 /DEL/20 /DEL/20 1 11 1 8 88 8 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : 20 : 20 : 20 : 20 14 1414 14 - -- - 15 1515 15 M/S NEARBUY INDIA PRI M/S NEARBUY INDIA PRI M/S NEARBUY INDIA PRI M/S NEARBUY INDIA PRI VATE VATE VATE VATE LIMITED, LIMITED, LIMITED, LIMITED, (FORMERLY KNOWN AS GROUPON (FORMERLY KNOWN AS GROUPON (FORMERLY KNOWN AS GROUPON (FORMERLY KNOWN AS GROUPON INDIA PRIVATE LIMITED), INDIA PRIVATE LIMITED), INDIA PRIVATE LIMITED), INDIA PRIVATE LIMITED), BUILDING NO.22, IIND FLOOR, BUILDING NO.22, IIND FLOOR, BUILDING NO.22, IIND FLOOR, BUILDING NO.22, IIND FLOOR, PUSHP VIHAR COMMERCIAL PUSHP VIHAR COMMERCIAL PUSHP VIHAR COMMERCIAL PUSHP VIHAR COMMERCIAL COMPLEX, LSC MADANGIR, COMPLEX, LSC MADANGIR, COMPLEX, LSC MADANGIR, COMPLEX, LSC MADANGIR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 062. 110 062. 110 062. 110 062. PAN : AABCF5352Q. PAN : AABCF5352Q. PAN : AABCF5352Q. PAN : AABCF5352Q. VS. VS. VS. VS. DEPUTY DEPUTY DEPUTY DEPUTY COMMISSIONER OF COMMISSIONER OF COMMISSIONER OF COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -10(2) 10(2) 10(2) 10(2), ,, , NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. (APPE LLANT) (RESPONDENT) APPELLANT BY : SHRI DIVYANSH JAIN, ADVOCATE. RESPONDENT BY : SHRI M. BAR A NWAL, SENIOR DR. DATE OF HEARING : 20.01.2021 20.01.2021 20.01.2021 20.01.2021 DATE OF PRONOUNCEMENT : 20.01.2021 20.01.2021 20.01.2021 20.01.2021 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 2014-15 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-35, NE W DELHI DATED 1 ST MAY, 2018. 2. THE ASSESSEE, VIDE LETTER DATED 11 TH JANUARY, 2021 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY IT 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 ITA-5495/DEL/2018 2 SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER S ECTION 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 IN THE PRESENCE OF BOT H THE SIDES ON CONCLUSION OF VIRTUAL HEARING ON 20 TH JANUARY, 2021. SD/- SD/- (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA ) )) ) (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 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR