ARCONIC OF INDIA PVT. LTD., NEW DELHI V. ITO, WARD- 1(1), NEW DELHI

ITA 6581/DEL/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5191 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 5 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 01-11-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUKESH KR JAIN
• Assessee Lawyers: PARICHAY SOLANKI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI I-1 BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER & DR. B.R.R.KUMAR, ACCOUNTANT MEMBER ITA NO.6581/DEL/2017 ASSESSMENT YEAR : 2010-11 ARCONIC OF INDIA PVT.LTD., 7 TH FLOOR, MERIDIAN COMMERCIAL TOWER, RAISINA ROAD, NEW DELHI. PAN-AAFCA9777L VS ITO, WARD-1(1), NEW DELHI. APPELLANT RESPONDENT APPELLANT BY SH. PARICHAY SOLANKI, CA RESPONDENT BY SH. SUKESH KR.JAIN, CIT DR DATE OF HEARING 20 .04.2021 DATE OF PRONOUNCEMENT 20 .04.2021 ORDER PER KUL BHARAT, JM : THIS APPEAL FILED BY THE ASSESSEE FOR THE ASSESSMEN T YEAR 2010-11 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-42, NE W DELHI DATED 25.08.2017. 2. THE ASSESSEE, VIDE ITS LETTER DATED 24.02.2021 R ECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY HIM AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING T O THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVA D SE VISHWAS SCHEME, 2020. 3. CONSIDERING THE AFORESAID SITUATION, THE CAPTION ED APPEAL IS CONSIGNED TO RECORDS AND TREATED AS DISMISSED. ITA NO.6581/DEL/2017 4. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT TH AT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED ASSESSMEN T YEAR IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORESTATED ACT, THE APPEL LANT (I.E., THE ASSESSEE) SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RE INSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION AP PROPRIATELY AS PER LAW. THE RESPONDENT (I.E., THE REVENUE) HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. 5. IN VIEW OF THE AFORESAID, THE APPEAL IS CONSIGNE D TO RECORD AND, FOR STATISTICAL PURPOSES, IS TREATED AS DISMISSED. ABOVE DECISION WAS PRONOUNCED ON CONCLUSION OF VIRT UAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 20 TH APRIL, 2021. SD/- SD/- (DR.B.R.R.KUMAR) (KUL BHARAT) ACCOUNTANT MEMBER JUDICIA L MEMBER * AMIT KUMAR * COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI