Religare Capital Markets Ltd., New Delhi V. DCIT, Circle-21(1), New Delhi

ITA 6924/DEL/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6419 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 3 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I2
• Assessment Year: 2014-2015
• Appeal Filed On: 01-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH I-2, NEW DELHI BEFORE SH. ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SH. K. NARASIMHA CHARY, JUDICIAL MEMBER (THROUGH VIDEO CONFERENCING) ITA NO.6924/DEL/2018 (FOR ASSESSMENT YEAR 2014-15) RELIGARE CAPITAL MARKETS LTD., 2 ND FLOOR, RAJLOK BUILDING, 24-NEHRU PLACE, NEW DELHI 110 019 PAN NO. AADCR 5200 R VS. DCIT CIRCLE 21(1), NEW DELHI (APPELLANT) (RESPONDENT) A SSESSEE BY MS. SAUMYA JAIN. C.A. RE VENUE BY SHRI M. BARANWAL, SR.D.R. DATE OF HEARING: 01 / 02 /202 1 DATE OF PRONOUNCEMENT: 01 / 0 2 /202 1 ORDER PER ANIL CHATURVEDI, AM: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-21(1), NEW DELHI U/S 144C(1) OF THE ACT PURSUANT TO THE DIRECTION OF DEPUTY RESOLUTION PANEL (DRP) NEW DELHI ORDER DATED 27.07.2018 FOR ASSESSMENT YEAR 2014-15. 2. BEFORE US, ASSESSEE HAS MOVED AN APPLICATION DATED 30.01.2021 WHEREIN THE ASSESSEE HAS STATED THAT IT HAS OPTED FOR 2 VIVAD SE VISHWAS (VSV) 2020 AND HAS FILED THE DECLARATION (FORM- 1) AND UNDERTAKING (FORM-2) SCHEME AND DESIGNATED AUTHORITY IS YET TO ISSUE CERTIFICATE IN FORM-3. 3. AFTER CONSIDERING THE REQUEST MADE BY THE ASSESSEE, WE DISMISS THE APPEAL OF ASSESSEE AS WITHDRAWN SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED ASSESSMENT YEAR IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORESAID ACT, THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATELY AS PER LAW. WITH THESE DIRECTIONS THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 01.02.2021 SD/- SD/- (K. NARASIMHA CHARY) (ANIL CHATURVEDI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATE:- 01.02.2021 PY* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI