Swatch Group (India) Pvt. Ltd., New Delhi V. DCIT, Circle- 22(2), New Delhi

ITA 6409/DEL/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9799 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 4 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2009-2010
• Appeal Filed On: 20-10-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWAL
• Assessee Lawyers: S CHAKAR BARTU

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH I-2 NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.AS. NO.6912 & 6913/DEL/2017 ASSESSMENT YEARS 2009-10 & 2010-11 ACIT, CIRCLE-22(2), NEW DELHI. V. M/S. SWATCH GROUP (INDIA) PVT. LTD., 4 TH FLOOR, RECTANGLE-1, PLOT NO. D-4, SAKET DISTRICT CENTRE, NEW DELHI. TAN/PAN: AAFCS7516R (APPELLANT) (RESPONDENT) I.T.AS. NO.6409 & 6410/DEL/2017 ASSESSMENT YEARS 2009-10 & 2010-11 M/S. SWATCH GROUP (INDIA) PVT. LTD., 4 TH FLOOR, RECTANGLE-1, PLOT NO. D-4, SAKET DISTRICT CENTRE, NEW DELHI. V. DCIT, CIRCLE-22(2), NEW DELHI. TAN/PAN: AAFCS7516R (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI S. CHAKAR BARTU, ADV. DEPARTMENT BY: M. BARANWAL, SR.D.R. DATE OF HEARING: 11 03 2021 DATE OF PRONOUNCEMENT: 03 2021 O R D E R PER BENCH: THE AFORESAID CROSS APPEALS HAVE BEEN FILED BY THE ASSESSEE AS WELL AS BY THE REVENUE AGAINST THE IMPU GNED COMMON ORDER DATED 30.06.2017 PASSED BY COMMISSIONE R OF I.T.A. NO.6912, 6910, 6409, 6410/DEL/2017 2 INCOME TAX (APPEALS)-XXXVIII, NEW DELHI FOR THE ASS ESSMENT YEARS 2009-10 AND 2010-11. 2. WE HAVE HEARD LD. REPRESENTATIVES OF BOTH THE PA RTIES THROUGH VIDEO CONFERENCING. 3. THE LD. COUNSEL FOR THE ASSESSEE, VIDE ITS LETTE R DATED 8 TH MARCH, 2021 HAS INTIMATED THE TRIBUNAL THAT THE ASS ESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS ACT, 2020 (IN SHORT THE ACT) AND REQUESTE D FOR WITHDRAWAL OF THE AFORESAID APPEALS AND FORM NO.3 H AS ALSO BEEN ISSUED IN FAVOUR OF THE ASSESSEE. HE, THEREFOR E, SEEKS PERMISSION TO WITHDRAW THE APPEAL. 4. IN VIEW OF THE ABOVE, THE APPEALS OF THE ASSESSE E AS WELL AS REVENUE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH MARCH, 2021 SD/- SD/- [PRASHANT MAHARISHI] [AMIT SHUKLA] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 11 TH MARCH, 2021 PKK: