ACIT, Circle- 1, LTU , New Delhi V. Caparo Engineering India Ltd., New Delhi

ITA 7257/DEL/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8251 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-01-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 15-11-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL
• Assessee Lawyers: DRONPURI; SANDEE

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI A BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA NO.4230/DEL/2018 ASSESSMENT YEAR : 2011-12 DCIT, CIRLCE-1, LTU, NEW DELHI. VS CAPARO ENGINEERING INDIA PVT.LTD., 101-104, 1 ST FLOOR, NAURANG HOUSE, 21 K.G. MARG, NEW DELHI-110001. PAN-AABCC7862N APPELLANT RESPONDENT ITA NO.4012/DEL/2018 ASSESSMENT YEAR : 2011-12 CAPARO ENGINEERING INDIA LTD., 1007-1010, 10 TH FLOOR, KAILASH BUILDING, 26, KASTURBA GANDHI MARG, NEW DELHI-110001. PAN-AABCC7862N VS D CIT, CIRLCE-1, LTU, NEW DELHI. APPELLANT RESPONDENT ITA NO.7257/DEL/2018 ASSESSMENT YEAR : 2012-13 ACIT, CIRLCE-1, LTU, NEW DELHI. VS CAPARO ENGINEERING INDIA PVT.LTD., 101-104, 1 ST FLOOR, NAURANG HOUSE, 21 K.G. MARG, NEW DELHI-110001. PAN-AABCC7862N APPELLANT RESPONDENT APPELLANT BY SH. M.BARNWAL, SR.DR RESPONDENT BY SH.DRON PURI, CA & SH. SANDEEPAN BASU, CA DATE OF HEARING 08.0 1.202 1 DATE OF PRONOUNCEMENT 08 . 0 1.202 1 ORDER PER G.S. PANNU, VP : THESE APPEALS BY THE REVENUE AND THE ASSESSEE FOR THE ASSESSMENT YEARS 2011-12, 2011-12 & 2012-13 ARE DIRECTED AGAINST THE ORDERS OF LEARNED CIT(A), NEW DELHI DATED 23.03.2018, 23.03.2018 & 20 .08.2018 RESPECTIVELY. ITA NO.-4230/DEL/2018 & OTHERS 2 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS LETTE R DATED 04.01.2021, RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWAL OF THE APPEALS FILED BY HIM AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDER CONSID ERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE A SSESSEE FOR WITHDRAWAL OF THE APPEALS. 5. IN VIEW OF THE ABOVE, ALL APPEALS FILED BY THE REVENUE A RE DISMISSED AS WELL AS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEA RING IN THE PRESENCE OF BOTH THE PARTIES ON 08 TH JANUARY, 2021. SD/- SD/- (SUDHANSHU SRIVASTAVA) (G.S. PANNU) JUDICIAL MEMBER VICE PRESID ENT * AMIT KUMAR * COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI