Falcon Interior Solutions Pvt Ltd, New Delhi V. ACIT Circle-9(1), New Delhi

ITA 7308/DEL/2019

AI Insights

The case involves M/s Falcon Interior Solutions Pvt. Ltd., the appellant, who appealed against the order of the ld. CIT (Appeals)-03, New Delhi, for the Assessment Year 2011-12. During the proceedings, the assessee opted to settle the tax arrears dispute under the 'Vivad Se Vishwas Scheme, 2020' and submitted Form 4 as required by the scheme. Both parties, the assessee and the Revenue, agreed to the dismissal of the appeal with a provision to restore it if the settlement under the scheme does not occur.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 121784 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 4 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-01-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 15-01-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 03-09-2019
• Laws Referred To: Vivad Se Vishwas Scheme, 2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH, ‘B’: NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER AND Ms. ASTHA CHANDRA, JUDICIAL MEMBER ITA No.7308/DEL/2019 [Assessment Year: 2011-12] M/s Falcon Interior Solutions Pvt. Ltd. Plaza Cinema, 2 nd Floor, Connaught Place, New Delhi-110001 Vs Asstt. Commissioner of Income Tax, Circle-9(1), New Delhi PAN-AABCF2059E Assessee Revenue Assessee by Sh. Hari Om Pachauri, CA Revenue by Sh. Vipul Kashyap, Sr. DR Date of Hearing 16.01.2023 Date of Pronouncement 16.01.2023 ORDER PER SHAMIM YAHYA, AM, This appeal by the assessee is directed against the order of ld. CIT (Appeals)-03, New Delhi, dated 10.07.2019 for the Assessment Year 2011-12. 2. The ld. Counsel for the assessee, at the time of hearing before us, through his letter dated 16.01.2023, submitted that the assessee has opted to settle the dispute relating to the tax arrears for the assessment years under consideration under the “Vivad Se Vishwas Scheme, 2020” and has filed Form 4 issued by the Department along with the application. 3. Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored by the assessee in case dispute is 2 ITA NO.7308/DEL/2019 not settled as per scheme. The Revenue has no objection with regard to the aforesaid caveat. Consequently, the present appeal is dismissed as withdrawn. 4. In the result, the appeal of the assessee stands dismissed. Order pronounced in the open court on 16 th January, 2023. Sd/- Sd/- [ASTHA CHANDRA] [SHAMIM YAHYA] JUDICIAL MEMBER ACCOUNTANT MEMBER Delhi; Dated: 16.01.2023. f{x~{tÜ? f{x~{tÜ?f{x~{tÜ? f{x~{tÜ? Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar, ITAT, New Delhi