M/s. Panacea Biotech Ltd., New Delhi V. ITO (TDS), New Delhi

ITA 6105/DEL/2016

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4905 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 2 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2009-2010
• Appeal Filed On: 29-11-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RANU MUKHERJI
• Keywords: TDS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F, NEW DELHI BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND SH. KULDIP SINGH, JUDICIAL MEMBER ITA NO.6105/DEL/2016 ASSESSMENT YEAR: 2009-10 PANACEA BIOTECH LTD. B-1 EXTENSION / G- 3, MATHURA ROAD, MOHAN COOPERATIVE INDUSTRIAL ESTATE NEW DELHI 110044 PAN NO. AAACP5335J VS ITO (TDS) WARD- 2 (1) NEW DELHI (APPELLANT) (RESPONDENT) APPELLANT BY SH. SHAILESH GUPTA, CA RESPONDENT BY MS. RANU MUKHERJI, SR. DR DATE OF HEARING: 08/02/2021 DATE OF PRONOUNCEMENT: 08/02/2021 ORDER PER N. K. BILLAIYA, AM: THIS APPEAL FILED BY THE ASSESSEE PREFERRED AGAINS T THE ORDER OF CIT(A)-43, NEW DELHI DATED 29.09.2016 PERTAINING TO A.Y.2009- 10. 2 2. AT THE VERY OUTSET THE COUNSEL FOR THE ASSESSEE DREW OUR ATTENTION TO THE LETTER FILED BY WHICH THE ASSESSEE SOUGHT PERMISSION TO WITHDRAW THE APPEAL AS THE APPELLANT HAS DECIDED TO SETTLE THE DISPUTE UNDER THE VIVAAD SE VISHWAS S CHEME, 2020. 3. ON SUCH CONCESSION APPEAL IS DISMISSED AS WITHDR AWN. HOWEVER, LIBERTY IS GIVEN TO THE APPELLANT TO APPRO ACH THE TRIBUNAL FOR THE REVIVAL OF THE APPEAL IF FOR SOME TECHNICAL REASON THE DISPUTE COULD NOT BE SETTLED UNDER THE VIVAAD S E VISHWAS SCHEME, 2020. 4. ON SUCH CONCESSION THE APPEAL IS DISMISSED. 5. DECISION ANNOUNCED IN THE OPEN COURT IN THE PRES ENCE OF BOTH THE REPRESENTATIVES ON 08.02.2021. SD/- SD/- (KULDIP SINGH) (N. K. BILL AIYA) JUDICIAL MEMBER ACCO UNTANT MEMBER *NEHA* DATE:-08.02.2021 COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGI STRAR ITAT NEW DELHI 3 DATE OF DICTATION 08.02.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 08.02.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 08.02.2021 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS/PS 08.02.2021 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 08.02.2021 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 08.02.2021 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT 08.02.2021 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 08.02.2021 DATE ON WHICH FILE GOES TO THE HEAD CLERK. THE DATE ON WHICH FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER