Shivangi Portfoilio ltd, New Delhi V. ACIT Circle-24(1), New Delhi

ITA 5766/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8783 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2010-2011
• Appeal Filed On: 02-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 2

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. 5766 5766 5766 5766 /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 0 00 0 - -- - 11 1111 11 M/S SHIVANGI POR M/S SHIVANGI POR M/S SHIVANGI POR M/S SHIVANGI POR TFOLIO TFOLIO TFOLIO TFOLIO PVT.LTD., PVT.LTD., PVT.LTD., PVT.LTD., C/O SHRI KAPIL GOEL, C/O SHRI KAPIL GOEL, C/O SHRI KAPIL GOEL, C/O SHRI KAPIL GOEL, ADVOCATE, ADVOCATE, ADVOCATE, ADVOCATE, F FF F- -- -26/124, SECTOR 26/124, SECTOR 26/124, SECTOR 26/124, SECTOR- -- -7, 7,7, 7, ROHINI, ROHINI, ROHINI, ROHINI, DELHI DELHI DELHI DELHI 110 085. 110 085. 110 085. 110 085. PAN : AABCS5834N. PAN : AABCS5834N. PAN : AABCS5834N. PAN : AABCS5834N. VS. VS. VS. VS. ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -24(1), 24(1), 24(1), 24(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY : NONE. RESPONDENT B Y : 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 2010-11 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-XXV, N EW DELHI DATED 24 TH MAY, 2019. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE EMAIL DATED 30 TH JUNE, 2020, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FI LED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE TH E DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSI DERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO TH IS EFFECT UNDER ITA-5766/DEL/2019 2 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 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 SHIVANGI PORTFOLIO PVT.LTD., M/S SHIVANGI PORTFOLIO PVT.LTD., M/S SHIVANGI PORTFOLIO PVT.LTD., M/S SHIVANGI PORTFOLIO PVT.LTD., C/O SHRI KAPIL GOEL, ADVOCATE, C/O SHRI KAPIL GOEL, ADVOCATE, C/O SHRI KAPIL GOEL, ADVOCATE, C/O SHRI KAPIL GOEL, ADVOCATE, F FF F- -- -26/124, 26/124, 26/124, 26/124, SECTOR SECTOR SECTOR SECTOR- -- -7,ROHINI, DELHI 7,ROHINI, DELHI 7,ROHINI, DELHI 7,ROHINI, DELHI 110 085. 110 085. 110 085. 110 085. 2. RESPONDENT : ASSISTANT COMMISSIONER OF INCOME T AX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -24(1), NEW DELHI. 24(1), NEW DELHI. 24(1), NEW DELHI. 24(1), NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR