Ajit Parshad Jain & Sons (HUF), New Delhi V. ACIT Circle-47(1), New Delhi

ITA 6374/DEL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2180 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 10 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2016-2017
• Appeal Filed On: 30-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH C: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND MS. MADHUMITA ROY, JUDICIAL MEMBER ITA NO.6374/DEL/2019 ASSESSMENT YEAR : 2016-17 SH. AJIT PARSHAD JAIN & SONS (HUF), 1037, 1 ST FLOOR, TILAK BAZAR CHOWK, DELHI-110006 PAN-AADHA2545P VS. ACIT, CIRCLE-47(1), NEW DELHI (APPELLANT) (RESPONDENT) APPELLANT BY : SH. C.S. ANAND, CA & SH. SANKALP ANAND, CA RESPONDENT BY : MS. ANIMA BARANWAL, SR. DR DATE OF HEARING : 29.06.2021 DATE OF PRONOUNCEMENT : 29.06.2021 ORDER PER G.S. PANNU, VP : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2016-17 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-16, NEW DELHI DATED 25.06.2019. . 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE LETTER DATED 31.05.2021, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY HIM AND STATED THAT THE ITA-6374/DEL/2019 2 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. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DIRECT 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 ASSESSEE IS DISMISSED. ABOVE DECISION WAS PRONOUNCED ON CONCLUSION OF VIRTUAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 29.06.2021. SD/- SD/- (MADHUMITA ROY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SH COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR