ACIT, Circle-12(2), New Delhi V. International Cars & Motors Ltd., New Delhi

ITA 6741/DEL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7435 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 7 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2009-2010
• Appeal Filed On: 13-08-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL
• Assessee Lawyers: KARAN DHAN

Judgement Text

I.T.A.NO.6741/DEL/2019 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D NEW DELHI BEFORE SHRI G.S. PANNU, HONBLE VICE PRESIDENT AND SHRI K.N. CHARY, JUDICIAL MEMBER . . /. I.T.A NO.6741/DEL/2019 / ASSESSMENT YEAR: 2009-10 ACIT CIRCLE 12(2) NEW DELHI. VS. INTERNATIONAL CARS & MOTORS LTD., SONALIKA HOUSE, 283, AGCR, ENCLAVE, KARKARDOOMA, NEW DELHI. PAN NO. AABC12403D APPELLANT / RESPONDENT REVENUE BY SH. M. BARNWAL, SR. DR ASSESSEE BY S/SH. MUKESH BHUTANI, ADV. SHREYANSH SHAH, ADV. & KARAN DHANUKA, ADV. / DATE OF HEARING: 1 7 .03.2021 /PRONOUNCEMENT ON 1 7 .03.2021 /O R D E R PER G.S. PANNU, V.P. THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER DATED 30.05.2019 PASSED BY CIT(A), NEW DELHI FOR AY 2009- 10. 2. BEFORE US, THE LD. AR SUBMITTED THAT THE ASSESSE E HAS MOVED AN APPLICATION TO RESOLVE THE PENDING ISSUE THROUGH DI RECT TAX VIVAD SE VISHWAS SCHEME (VSVS) ACT, 2020 AND HAS FILED DECL ARATION FORM NO. 1 & 2 AND RECEIVED FORM NO. 3 (ATTACHED HEREWITH). 3. IN VIEW OF THE AFORESAID FACTS AND AFTER CONSIDE RING THE SUBMISSIONS OF THE ASSESSEE, WE DISMISS THE APPEAL OF ASSESSEE AS WITHDRAWN SUBJECT I.T.A.NO.6741/DEL/2019 2 TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TA X ARREARS FOR THE CAPTIONED ASSESSMENT YEAR IS NOT ULTIMATELY RESOLVE D IN TERMS OF THE AFORESAID ACT, THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THIS APPEAL AND THE TRIBUNAL S HALL CONSIDER THE SAME. THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAW N. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT IN PRESENCE OF B OTH THE PARTIES ON THIS 17 TH DAY OF MARCH, 2021. SD/- SD/- (K.N. CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT DATED: 17.03.2021 * KAVITA ARORA, SR. P.S. COPY OF ORDER SENT TO- ASSESSEE/AO/PR. CIT/ CIT (A) / ITAT (DR)/GUARD FILE OF ITAT. BY ORDER ASSISTANT REGISTRAR, ITAT: DELHI BENCHES-DELHI