Space Power Controls Pvt. Ltd., New Delhi V. ACIT, Circle- 24(1), New Delhi

ITA 6510/DEL/2018

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 9119 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-11-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 09-10-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘B’ NEW DELHI BEFORE SHRI O.P. KANT, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER [Through Video Conferencing] ITA No. 6510/Del/2018 Assessment Year: 2006-07 M/s. Space Power Controls Pvt. Ltd. (Now merged with M/s. NKA Financial Services Private Ltd.), 1-A, Second Floor, PVT No. 201A, Arjun Nagar, Safdarjung Enclave, New Delhi Vs. ACIT, Circle-24(1), New Delhi PAN :AAICS8090F (Appellant) (Respondent) ORDER PER O.P. KANT, AM: This appeal by the appellant- assessee, i.e., M/s. Space Power Controls Pvt. Ltd., (Now merged with M/s. NKA Financial Services Private Ltd.) is directed against the order of learned Commissioner of Income Tax (Appeals)-XII, New Delhi, dated 11/03/2010 passed for assessment year 2006-07. 2. We have heard learned Representatives of both the parties. Appellant by Sh. Manoj Gupta, CA Respondent by Sh. Sujeet Kumar, CIT(DR) Date of hearing 08/11/2021 Date of pronouncement 08/11/2021 2 ITA No.6510/Del./2018 3. At outset, the leaned counsel for the assessee submitted that the assessee, i.e., M/s. Space Power Controls Pvt. Ltd. now merged with M/s. NKA Financial Services Private Ltd. has opted to settle the dispute relating to the tax arrears for the assessment year under consideration, under the “Vivad Se Vishwas Scheme, 2020” and the Revised Form No. 3 is awaited. The learned counsel, therefore, seeks permission to withdraw the appeal. 4. In view of the aforesaid, the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court. Sd/- Sd/- (SUCHITRA KAMBLE) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 8 th November, 2021. RK/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar, ITAT, New Delhi