Kansal Fincap Ltd., New Delhi V. ITO WARD - 5(1), New Delhi

ITA 5511/DEL/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4737 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 3 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2001-2002
• Appeal Filed On: 24-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GAURAV PUNDIR

Judgement Text

PAGE | 1 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH E : NEW DELHI BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE , JUDICIAL MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 5511/DEL/2019 (ASSESSMENT YEAR: 2001 - 02) KANSAL FINCAP LTD, C/O. RAJ KUMAR & ASSOCIATES, CA L - 7AM (LGF), SOUTH EXTN. PART - II, NEW DELHI PAN: AAACK5664M VS. ITO, WARD - 5(1), NEW DELHI (APPELLANT) (RESPONDENT) ASSESSEE BY : NONE REVENUE BY: SHRI GAURAV PUNDIR, SR. DR DATE OF HEARING 29/09 /2021 DATE OF PRONOUNCEMENT 2 9 /09/2021 O R D E R PER R. K. PANDA , A. M. 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER PASSED BY THE LD CIT(A) - 5, NEW DELHI DATED 25/04/2019 FOR ASSESSMENT YEAR 2001 - 02. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE, HOWEVER, THE ASSESSEE HAS SENT A N EMAIL DATED 21/08/2021WERHEIN, IT IS SUBMITTED THAT IT HAS OPTED TO SETTLE THE DISPUTE UNDER DIRECT TAXES VIVAAD SE VISHWAS ACT, 2020 AND SUBMITTED COPY OF FORM NO. 3 AND THEREFORE, IT WAS STATED THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAW N. 3. THE LD DR DID NOT HAVE ANY OBJECTION TO THE SAME. 4. WE HAVE CAREFULLY PERUSED THE LETTER DATED 21/08/2021 SUBMITTED BY THE ASSESSEE ALONG WITH FORM NO. 3 FOR ASSESSMENT YEAR 2001 - 02 . THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE UNDER DIRECT TAXES VIVAAD SE VISHWAS ACT, 2020. IN VIEW OF THIS THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 9 /09/2021. - SD/ - - SD/ - ( SUCHITRA KAMBLE ) ( R. K. PANDA ) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 2 9 /09/2021 A K KEOT COPY FORWARDED TO 1. APPLICANT 2. RESPONDENT PAGE | 2 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI