DCIT, Circle-7(1), New Delhi V. Delhi Transco Ltd., New Delhi

ITA 597/DEL/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9956 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 1 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2014-2015
• Appeal Filed On: 31-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M BARANWAL
• Assessee Lawyers: SOUMYA JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA NO.597/DEL/2020 ASSESSMENT YEAR : 2014-15 DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1), ROOM NO.413, 4 FLOOR, C.R. BUILDING, I.P. ESTATE, NEW DELHI-110002, VS. M/S DELHI TRANSCO LTD., SHAKTI SADAN, KOTLA ROAD, NEW DELHI-110002 PAN-AABCD6342A (APPELLANT) (RESPONDENT) APPELLANT BY : SH. M. BARANWAL, SR. DR RESPONDENT BY : MS. SOUMYA JAIN, CA DATE OF HEARING : 17.03.2021 DATE OF PRONOUNCEMENT : 17.03.2021 ORDER PER G.S. PANNU, VP : THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2014-15 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-3, NEW DELHI DATED 15.11. 2019. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS LETTER DATED 0 3.03.2021 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE REVENUE A ND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR ITA-597/DEL/2020 2 THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHW AS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DI RECT 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 THE ASSESSEE. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ABOVE DECISION WAS PRONOUNCED IN THE OPEN COURT IN THE PRESENCE O F BOTH THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 17 MARCH, 2021. SD/- SD/- (K. NARASIMHA CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT F{X~{T COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR, ITAT, DELHI