ONGC VIDESH LTD., NEW DELHI V. ADDL. CIT, SPECIAL RANGE-7, NEW DELHI

ITA 7378/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8745 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2013-2014
• Appeal Filed On: 08-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARNWAL
• Assessee Lawyers: ANKIT AGGARWAL
• Section: 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH I-2 NEW DLEHI BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA NO.7377 & 7378/DEL/2017 ASSESSMENT YEARS: 2011-12 & 2013-14 ONGC VIDESH LTD., VS. ADDL. CIT, SPCL. RANGE-7 3 RD FLOOR, TOWER-B, NEW DELHI. DEENDAYAL URJA BHAWAN, 5 NELSON MANDELA MARG, VASANT KUNJ, NEW DELHI PAN : AAACO1230F (APPELLANT) (RESPONDENT) APPELLANT BY : SH. ANKIT AGGARWAL, AR RESPONDENT BY: SH. M. BARNWAL, SR. DR DATE OF HEARING: 11/01/2021 DATE OF ORDER : 11/01/2021 ORDER PER K. NARASIMHA CHARY, J.M. THESE APPEALS BY ONGC VIDESH LIMITED (THE ASSESSEE ) FOR ASSESSMENT YEARS 2011-12 AND 2013-14 ARE DIRECTED A GAINST THE ORDERS OF LEARNED COMMISSIONER OF INCOME-TAX (APPEALS)-44, NE W DELHI (CIT(A)) DATED 29.09.2017. 2. LEARNED COUNSEL FOR THE ASSESSEE HAS INTIMATED T HAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS UNDER THE VIVAD 2 SE VISHWAS ACT, 2020 (IN SHORT THE ACT) FOR THE A SSESSMENT YEARS UNDER CONSIDERATION AND REQUESTED FOR WITHDRAWAL THE SAID APPEALS. 3. CONSIDERING THE AFORESAID SITUATION, THE CAPTION ED APPEALS ARE CONSIGNED TO RECORDS AND TREATED AS DISMISSED. 4. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT TH AT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED A SSESSMENT YEARS IS NOT ULTIMATELY RESOLVED IN TERMS OF THE ACT, THE ASSESS EE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPE ALS AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATELY AS PE R LAW. THE REVENUE HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. 5. IN VIEW OF THE AFORESAID, BOTH THE APPEALS ARE C ONSIGNED TO RECORD AND, FOR STATISTICAL PURPOSES, ARE TREATED AS DISMI SSED. ORDER WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEAR ING IN THE PRESENCE OF BOTH THE PARTIES ON 11 TH JANUARY, 2021. SD/- SD/- (ANIL CHATURVEDI) (K. NARASIMHA CHARY) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 11/01/2021 AKS