ACIT Circle-8(2), New Delhi V. Efficient Technology Pvt Ltd, New Delhi

ITA 656/DEL/2020

• Counselvise Citation: [2024] 101 COUNSELVISE.COM (IT) 9032 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-01-2024
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 22-01-2024
• Assessment Year: 2014-2015
• Appeal Filed On: 03-02-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH, ‘B’: NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER AND MS. ASTHA CHANDRA, JUDICIAL MEMBER ITA No.656/Del/2020 (Assessment Year: 2014-15) ACIT, Circle 8 (2), vs. Efficient Technology Pvt. Ltd., New Delhi. 10159, Padam Singh Road, Apartment No.303, Karol Bagh, New Delhi – 110 055. (PAN : AABCE6289M) (APPELLANT) (RESPONDENT) ASSESSEE BY : Ms. Praveen Gupta, CA REVENUE BY : Shri T. James Singson, CIT DR Date of Hearing : 23.01.2024 Date of Order : 25.01.2024 ORDER PER SHAMIM YAHYA, ACCOUNTANT MEMBER : This appeal by the Revenue is directed against the order of the ld. CIT (Appeals)-15, New Delhi dated 15.11.2019 for the assessment year 2014-15. 2. Ld. AR for the assessee submitted that an application has been filed seeking withdrawal of the appeal on the ground that the 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” and has filed Form 5 issued by the Tax Department. 2 ITA No.656/Del/2020 3. Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored in case dispute is not settled as per scheme. Both the parties have no objection with regard to the aforesaid caveat. Consequently, the appeal filed by the Revenue is dismissed. Order pronounced in the open court on this 25 th day of January, 2024. Sd/- sd/- (ASTHA CHANDRA) (SHAMIM YAHYA) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated the 25 th day of January, 2024 TS Copy forwarded to: 1.Appellant 2.Respondent 3.CIT 4.CIT (A)-15, New Delhi. 5.CIT(ITAT), New Delhi. AR, ITAT NEW DELHI.