Parvinder Makked, New Delhi V. ITO, Ward-45(2), New Delhi

ITA 7359/DEL/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3646 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 6 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2015-2016
• Appeal Filed On: 20-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SATYMEV SABARN
• Keywords: Capital asset converted into stock in trade

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: A NEW DELHI BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI AMIT SHUKLA, JUDICIAL MEMBER [THROUGH VIDEO CONFERENCING ] ITA NO.7359/DEL./2018 ASSESSMENT YEAR: 2015-16 SH. PARVINDER MAKKED, C-60, RAJOURI GARDEN, NEW DELHI VS. ITO, WARD-45(2), NEW DELHI PAN : AAIPM3970H (APPELLANT) (RESPONDENT) ORDER PER G.S. PANNU, VP: THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2015-16 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-15, NE W DELHI, DATED 29.08.2018. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE HIS EMAIL D ATED 25.03.2021, HAS REQUESTED FOR WITHDRAWAL OF THE APP EAL FILED BY HIM ON THE GROUND THAT THE ASSESSEE HAS OPTED TO SETTLE THE DI SPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION 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. APPELLANT BY SH. SATYMEV SABARN, ADV. RESPONDENT BY SH. MAHESH THAKUR, SR.DR DATE OF HEARING 28.05.2021 DATE OF PRONOUNCEMENT 28.05.2021 2 ITA NO.7359/DEL./2018 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 28 TH MAY, 2021. SD/- (AMIT SHUKLA) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT RK/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI