Indo Rama Synthetics (India) Ltd., Gurgaon V. DCIT Circle 12(1), New Delhi

ITA 6920/DEL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7433 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 6 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2016-2017
• Appeal Filed On: 20-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 20

Judgement Text

I.T.A.NOS.6920 & 2343/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.6920/DEL/2019, AY 2016-17 INDO RAMA SYNTHETICS (INDIA) LTD. 20 TH FLOOR, DLF SQUARE, DLF PHASE-II, NH-8, GURGAON, HARYANA. VS. DCIT CIRCLE 12(1) NEW DELHI. PAN NO. AAACI1530L APPELLANT / RESPONDENT AND I.T.A NO.2343/DEL/2019, AY 2006-07 INDO RAMA SYNTHETICS (INDIA) LTD. 20 TH FLOOR, DLF SQUARE, DLF PHASE-II, NH-8, GURGAON, HARYANA. VS. DCIT CIRCLE 11(1) C.R. BLDG., I.P. ESTATE, NEW DELHI. PAN NO. AAACI1530L APPELLANT / RESPONDENT ASSESSEE BY SH. VIBHU GUPTA, CA REVENUE BY SH. M. BARNWAL, SR. DR / DATE OF HEARING: 1 7 .03.2021 /PRONOUNCEMENT ON 1 7 .03.2021 /O R D E R PER G.S. PANNU, V.P. THESE APPEALS ARE FILED BY THE ASSESSEE AGAINST TH E ORDER DATED 24.06.2019 FOR AY 2016-17 PASSED BY CIT(A)-4, NEW D ELHI AND ORDER DATED 31.12.2018 FOR AY 2006-07 PASSED BY CIT(A)-22, NEW DELHI. 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 I.T.A.NOS.6920 & 2343/DEL/2019 2 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OF THE AFORESAID FACTS AND AFTER CONSIDE RING THE SUBMISSIONS OF THE ASSESSEE, WE DISMISS THE APPEALS OF ASSESSEE AS WITHDRAWN SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TA X ARREARS FOR THE CAPTIONED ASSESSMENT YEARS ARE NOT ULTIMATELY RESOL VED IN TERMS OF THE AFORESAID ACT, THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEALS AND THE TRIBUNAL S HALL CONSIDER THE SAME. THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDR AWN. 4. IN THE RESULT, THE APPEALS OF THE ASSESSEE ARE D ISMISSED. 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