ITO, New Delhi V. M/s Sagu Investment & Finance Ltd., New Delhi

ITA 5973/DEL/2016

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7228 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 2 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-01-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2012-2013
• Appeal Filed On: 23-11-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRAKASH DUBEY
• Assessee Lawyers: RAVI P MALL

Judgement Text

IN THE INCOME TAX APPELLATE TRIB UNAL DELHI BENCH G: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE, SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SHRI A.N.MISSHRA, ACCOUNTANT MEMBER ITA NO.5973/DEL/2016 (ASSESSMENT YEAR 2012-13) INCOME TAX OFFICER, WARD-22(2), NEW DELHI. VS. M/S SAGU INVESTMENT & FINANCE LTD., D-8, MODEL TOWN, NEW DELHI-110 009. PAN AABCS 7281D (APPELLANT) (RESPONDENT) APPELLANT BY SH. PRAKASH DUBEY, SR. DR RESPONDENT BY SH. RAVI P. MALL, ADV. DATE OF HEARING 25.01.2021 DATE OF PRONOUNCEMENT 25.01.2021 ORDER PER SUDHANSHU SRIVASTAVA, JM: THIS APPEAL IS PREFERRED BY THE REVENUE AGAINST ORD ER DATED 30.09.2016 PASSED BY THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-14, NEW DELHI {CIT(A)} FOR ASSESSMENT YEAR 2012-13. 2.0 THE LD. AUTHORIZED REPRESENTATIVE (AR) SUB MITS THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING T O THE TAX ARREARS 2 ITA NO.5973/DEL/2016 ITO VS. M/S SAGU INVE STMENT & FINANCE LTD. FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER T HE DIRECT TAX VIVAD SE VISHWAS ACT, 2020. IT HAS BEEN STATED THAT THE NECESSARY DECLARATION IN ACCORDANCE WITH SECTION 4 OF THE DIR ECT TAX VIVAD SE VISHWAS ACT, 2020 HAS BEEN FILED BY THE ASSESSEE AN D THAT FORM-III HAS ALSO BEEN RECEIVED. 3.0 CONSIDERING THE AFORESAID SITUATION, THE CAPTIONED APPEAL IS CONSIGNED TO THE RECORDS AND TREATED AS DISMISSE D. 4.0 IN VIEW OF THE AFORESAID, THE APPEAL IS CO NSIGNED TO THE RECORDS AND, FOR STATISTICAL PURPOSES, IS TREATED A S DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 25 TH JANUARY, 2021. SD/- SD/- (A.N.MISSHRA) (SUDHANSHU SRIVASTAVA) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 25/01/2021 PK/PS COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI