MINDA FINANCE LTD., NEW DELHI V. ITO, WARD- 16(4), NEW DELHI

ITA 7264/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2717 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 3 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2014-2015
• Appeal Filed On: 05-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GAYASUDDIN ANSARI SENIOR
• Keywords: Set aside

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH E : NEW DELHI) BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER AND SHRI KULDIP SINGH, JUDICIAL MEMBER (THROUGH VIDEO CONFERENCE) ITA NO.7264/DEL./2017 (ASSESSMENT YEAR : 2014-15) M/S. MINDA FINANCE LTD., VS. ITO, WARD 16 (4), B 64/1, WAZIRPUR INDL. AREA, NEW DELHI. DELHI 110 052. (PAN : AAACM8882F) (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI ANIL KUMAR, ADVOCATE REVENUE BY : SHRI GAYASUDDIN ANSARI, SENIOR DR DATE OF HEARING : 09.03.2021 DATE OF ORDER : 09.03.2021 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : APPELLANT, M/S. MINDA FINANCE LTD. (HEREINAFTER REF ERRED TO AS THE ASSESSEE), BY FILING THE PRESENT APPEAL, S OUGHT TO SET ASIDE THE IMPUGNED ORDER DATED 22.09.2017 PASSED BY THE C OMMISSIONER OF INCOME-TAX (APPEALS)-28, NEW DELHI QUA THE ASSES SMENT YEAR 2014-15. 2. LD. COUNSEL FOR THE ASSESSEE FILED AN APPLICATIO N SEEKING WITHDRAWAL OF THE APPEAL ON THE GROUND THAT THE ASS ESSEE HAS OPTED ITA NO.7264/DEL./2017 2 TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS F OR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWA S SCHEME, 2020 AND HAS FILED NECESSARY FORMS 1 & 2 WITH THE TAX DEPARTMENT, WHICH WAS ACCEPTED AND PROCESSED VIDE F ORM 3 ISSUED BY THE TAX DEPARTMENT. 3. KEEPING IN VIEW THE AFORESAID FACTS, PRESENT APP EAL IS HEREBY DISMISSED WITH LIBERTY TO GET IT RESTORED BY THE AS SESSEE IN CASE DISPUTE IS NOT SETTLED AS PER SCHEME. THE REVENUE HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. CONSEQUENTLY, THE PRESENT APPEAL IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON THIS 9 TH DAY OF MARCH , 2021 AFTER THE CONCLUSION OF THE VIRTUAL HEARING. SD/- SD/- (N.K. BILLAIYA) (KULDIP SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 9 TH DAY OF MARCH, 2021 TS ITA NO.7264/DEL./2017 3 COPY FORWARDED TO: 1.APPELLANT 2.RESPONDENT 3.CIT 4.CIT(A)-28, NEW DELHI 5.CIT(ITAT), NEW DELHI. AR, ITAT NEW DELHI.