REC Ltd (Formely Known As Rural Electrification Corporation Ltd.), New Delhi V. ACIT Circle-1, LTU, New Delhi

ITA 6542/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3034 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 6 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2015-2016
• Appeal Filed On: 06-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND SHRI K.N. CHARY, JUDICIAL MEMBER ITA NO.6270/DEL/2019 ASSESSMENT YEAR : 2014-15 ITA NO.6543/DEL/2019 ASSESSMENT YEAR : 2016-17 M/S REC LIMITED (FORMERLY KNOWN AS RURAL ELECTRIFICATION CORPORATION LTD), CORE IV, SCOPE COMPLEX, 7 LODHI ROAD, NEW DELHI-110003 PAN-AAACR4512R VS . DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, LTU, NEW DELHI (APPELLANT) (RESPONDENT) ITA NO.6542/DEL/2019 ASSESSMENT YEAR : 2015-16 M/S REC LIMITED (FORMERLY KNOWN AS RURAL ELECTRIFICATION CORPORATION LTD), CORE IV, SCOPE COMPLEX, 7 LODHI ROAD, NEW DELHI-110003 PAN-AAACR4512R VS . ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, LTU, NEW DELHI (APPELLANT) (RESPONDENT) APPELLANT BY : NONE RESPONDENT BY : SHRI. M. BARANWAL, SR. DR DATE OF HEARING : 19.02.2021 DATE OF PRONOUNCEMENT : 19.02.2021 ITA NOS.6270, 6542 & 6543 /DEL/2019 2 ORDER PER R.K. PANDA, AM: THESE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT YEARS 2014-15, 2015-16 AND 2016-17 ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT(A), NEW DELHI DATED 30.04.2019 AND 31.05.2019 RESPECTIVELY. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE AT THE TIME OF VIRTUAL HEARING BEFORE US. THE ASSESSEE, VIDE ITS LETTER DATED 15.02.2021, RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWAL OF THE APPEALS FILED BY HIM AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS 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 APPEALS OF THE ASSESSEE ARE DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 19.02.2021. SD/- SD/- (K.N. CHARY) (R.K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER SH ITA NOS.6270, 6542 & 6543 /DEL/2019 3 COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR