SVIIT Software Pvt. Ltd., Noida V. DCIT, Central Circle- 32, New Delhi

ITA 6241/DEL/2018

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 121241 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 28-02-2023
• Assessment Year: 2015-2016
• Appeal Filed On: 27-09-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: RAKESH GUPTA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Dr. B. R. R. Kumar, Accountant Member Sh. Yogesh Kumar US, Judicial Member ITA No. 4357/Del/2018 : Asstt. Year : 2012-13 ITA No. 5898/Del/2018 : Asstt. Year : 2013-14 ITA No. 5899/Del/2018 : Asstt. Year : 2014-15 ITA No. 6241/Del/2018 : Asstt. Year : 2015-16 SVIIT Software Pvt. Ltd., A-10 & 11, Sector-125, Noida, Uttar Pradesh-201301 Vs DCIT, Central Circle-32, New Delhi (APPELLANT) (RESPONDENT) PAN No. AAFCS9888L ITA No. 4285/Del/2018 : Asstt. Year : 2012-13 ITA No. 6129/Del/2018 : Asstt. Year : 2013-14 ITA No. 6130/Del/2018 : Asstt. Year : 2014-15 ITA No. 6131/Del/2018 : Asstt. Year : 2015-16 DCIT, Central Circle-32, New Delhi Vs SVIIT Software Pvt. Ltd., A-10 & 11, Sector-125, Noida, Uttar Pradesh-201301 (APPELLANT) (RESPONDENT) PAN No. AAFCS9888L Assessee by : Dr. Rakesh Gupta, Adv. & Sh. Somil Agarwal, Adv. Revenue by : Sh. Narpat Singh, Sr. DR Date of Hearing: 01.03.2023 Date of Pronouncement: 21.04.2023 ORDER Per Dr. B. R. R. Kumar, Accountant Member: The Cross Appeals have been filed by the assessee and the Revenue against the orders of ld. CIT(A)-31, New Delhi dated 28.03.2018, 12.07.2018, 16.07.2018 & 31.07.2018. ITA Nos. 4285, 4357, 5898, 5899, 6129, 6130, 6131 & 6241/Del/2018 SVIIT Software Pvt. Ltd. 2 2. Both the ld. AR and ld. DR have brought to our notice that a Financial Creditor had applied application u/s 30(6) of the Insolvency & Bankruptcy Code, 2016 before National Company Law Tribunal (NCLT), Principal Bench, New Delhi in IA/4574/2020 in (IB)-1395(PB)/2019 and an order has been passed by the NCLT on 31.05.2021 for approving resolution plan. The ld. Counsel for the assessee further submitted that a consequential appropriate order may be passed in the above appeals. 3. In view of the above order passed by the NCLT, no useful purpose is going to serve in continuing the present proceedings. Hence, we dismiss all the appeals filed by the assessee and the Revenue. However, liberty is granted to the assessee/revenue to seek remedial measures in accordance with law as and when it is necessary to do so in the interest of justice. 4. In the result, all the appeals of the assessee and the revenue are dismissed. Order Pronounced in the Open Court on 21/04/2023. Sd/- Sd/- (Yogesh Kumar US) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 21/04/2023 *Subodh Kumar, Sr. PS* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR