DCIT, Central Circle- 18, New Delhi V. Anant Overseas Pvt. Ltd., New Delhi

ITA 7162/DEL/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8757 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 3 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 29-11-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ASHOK GAUTAM

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES A : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI O.P. KANT, ACCOUNTANT MEMBER ITA.NOS.7162 & 7163/DEL./2017 ASSESSMENT YEARS 2011-2012 & 2013-2014 THE DCIT, CENTRAL CIRCLE-18, ROOM NO.327, ARA CENTRE, JHANDEWALAN EXTN., NEW DELHI 110 055. [ VS. M/S. ANANT OVERSEAS PVT. LTD., C-53, SHASHI GARDEN, NEAR POCKET-5, GURUDWARA, MAYUR VIHAR, PHASE-1, NEW DELHI 091. PAN AAACA0234B (APPELLANT) (RESPONDENT) FOR REVENUE : SHRI ASHOK GAUTAM, SR. DR FOR ASSESSEE : SHRI M.P. RASTOGI, ADVOCATE DATE OF HEARING : 25.03.2021 DATE OF PRONOUNCEMENT : 25.03.2021 ORDER PER BHAVNESH SAINI, J.M. BOTH THE APPEALS BY REVENUE ARE DIRECTED AGAINST THE DIFFERENT ORDERS OF THE LD. CIT(A)-29, NEW DELHI, DATED 11.09.2017, FOR THE A.YS. 2011-2012 AND 2013-2014. 2 ITA.NOS.7162 & 7163/DEL./2017 M/S. ANANT OVERSEAS PVT. LTD., NEW DELHI. 2. LEARNED COUNSEL FOR THE ASSESSEE AT THE OUTSET SUBMITTED THAT ASSESSEE HAS OPTED TO SETTLE THE MATTER IN DEPARTMENTAL APPEALS UNDER VIVAD SE VISHWAS SCHEME 2020 AND HAVE FILED FORM NOS.1 AND 2 AND IS AWAITING FOR ISSUE OF FORM NO.3. HE HAS, THEREFORE, PRAYED THAT DEPARTMENTAL APPEALS MAY BE DISPOSED OF ACCORDINGLY. 3. THE LD. D.R. HAS NO OBJECTION TO THE SAME. 4. CONSIDERING THE ABOVE FACT THAT ASSESSEE HAS OPTED TO SETTLE THE MATTER IN DEPARTMENTAL APPEALS UNDER VIVAD SE VISHWAS SCHEME 2020, BOTH THE DEPARTMENTAL APPEALS STANDS DISPOSED OF IN TERMS OF ISSUE OF FORM NO.3 ETC., IN FAVOUR OF THE ASSESSEE. WE MAKE IT CLEAR THAT IN CASE ULTIMATELY IF THE MATTER IS NOT SETTLED IN VIVAD SE VISHWAS SCHEME 2020, THE REVENUE WOULD BE AT LIBERTY TO MAKE A PRAYER FOR REVIVAL OF BOTH THE DEPARTMENTAL APPEALS. 5. IN VIEW OF THE ABOVE, BOTH THE DEPARTMENTAL APPEALS STANDS DISPOSED OF. 3 ITA.NOS.7162 & 7163/DEL./2017 M/S. ANANT OVERSEAS PVT. LTD., NEW DELHI. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (O.P. KANT) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER DELHI, DATED 25 TH MARCH, 2021 VBP/- COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT(A) CONCERNED 4. CIT CONCERNED 5. D.R. ITAT A BENCH, DELHI 6. GUARD FILE. // BY ORDER // ASSISTANT REGISTRAR : ITAT DELHI BENCHES : DELHI.