Gail (India) Ltd., New Delhi V. DCIT (LTU), New Delhi

ITA 59/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3131 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 04-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI D BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI KUL BHARAT, JUDICIAL MEMBER ITA NO.543/DEL/2019 ASSESSMENT YEAR : 2014-15 M/S GAIL (INDIA) LTD., 16, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI- 110066 PAN-AAACG1209J VS DCIT, CIRCLE-LTU, NEW DELHI. APPELLANT RESPONDENT ITA NO.544/DEL/2019 ASSESSMENT YEAR : 2015-16 M/S GAIL (INDIA) LTD., 16, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI- 110066 PAN-AAACG1209J VS DCIT, CIRCLE-LTU, NEW DELHI. APPELLANT RESPONDENT ITA NO.60/DEL/2019 ASSESSMENT YEAR : 2015-16 M/S GAIL (INDIA) LTD., 16, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI- 110066 PAN-AAACG1209J VS A CIT, CIRCLE-LTU, NEW DELHI. APPELLANT RESPONDENT ITA NO.59/DEL/2019 ASSESSMENT YEAR : 2014-15 M/S GAIL (INDIA) LTD., 16, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI- 110066 PAN-AAACG1209J VS D CIT, CIRCLE-LTU, NEW DELHI. APPELLANT RESPONDENT ITA NO.7512/DEL/2019 ASSESSMENT YEAR : 2016-17 ACIT, CIRCLE-LTU, NEW DELHI VS M/S GAIL (INDIA) LTD., 16, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI-110066 PAN-AAACG1209J APPELLANT RESPONDENT ITA NOS. 59, 543, 60, 544, 7341 & 7512/DEL/2019 ITA NO.7341/DEL/2019 ASSESSMENT YEAR : 2016-17 M/S GAIL (INDIA) LTD., 16, GAIL BHAWAN, BHIKAJI CAMA PLACE, R.K. PURAM, NEW DELHI-110066 PAN-AAACG1209J VS DCIT, CIRCLE-LTU, NEW DELHI. APPELLANT RESPONDENT APPELLANT BY SH. VIBHU GUPTA , C.A RESPONDENT BY SH. M. BARANWAL, SR. DR DATE OF HEARING 03.03.2021 DATE OF PRONOUNCEMENT 03.03.2021 ORDER PER G.S. PANNU, VP : THESE APPEALS BY THE ASSESSEE AND THE REVENUE FOR THE ASSESSMENT YEARS 2014-15, 2015-16 AND 2016-17 ARE DIRECTED AGAINST THE ORDERS OF LEARNED CIT(A), NEW DELHI DATED 18.10.2018, 19.10.2018 AND 29.06.2019 RESPECTIVELY. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS LETTER DATED 12.02.2021 RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY HIM 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 SCHEME, 2020. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE CAPTIONED APPEALS. 5. IN VIEW OF THE AFORESAID, THE APPEAL OF THE REVENUE IS DISMISSED AND THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ITA NOS. 59, 543, 60, 544, 7341 & 7512/DEL/2019 ABOVE DECISION WAS PRONOUNCED ON CONCLUSION OF VIRTUAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 03.03.2021. SD/- SD/- (KUL BHARAT) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SH COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI