Marubeni Itochu Steel India Pvt. Ltd., New Delhi V. DCIT, CIRCLE- 16(1), New Delhi

ITA 7394/DEL/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8948 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 8 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I1
• Assessment Year: 2014-2015
• Appeal Filed On: 22-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SARAS KUMAR
• Assessee Lawyers: A NKIT SAHNI

Judgement Text

IN THE INCOME TAX APPELLATE TRIB UNAL DELHI BENCH FRIDAY NEW DELHI BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K.N. CHARY, JUDICIAL MEMBER ITA NO. 7394/DEL/2018 ASSESSMENT YEAR : 2014-15 MARUBENI ITOCHU INDIA PVT. LTD., F-17-17A, FIRST FLOOR, SALCON RAS VILLAS, D1 DISTRICT CENTRE, SAKET, NEW DELHI-110017 VS DCIT, CIRCLE 16(1), ROOM NO. 312, C.R. BUILDING, I.P. ESTATE, NEW DELHI-110002 (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI ANKIT SAHNI, ADV. RESPONDENT BY: SHRI SARAS KUMAR, SR. DR ORDER PER G.S. PANNU, VICE PRESIDENT THE APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF LD. DCIT, DELHI DATED 19.09.2018 PERTAINING TO THE ASS ESSMENT YEAR 2014-15. 2. THE LD. AR SUBMITTED THAT THE ASSESSEE HAS ENTERED INTO AN ADVANCE PRICING AGREEMENT AND, THEREFORE, REQUESTED F OR WITHDRAWAL OF THE SAID APPEAL. 3. THE LD. SR. DR DID NOT HAVE ANY OBJECTION TO THE SAID REQUEST OF THE AR. ITA NO. 7394/D/2018 ASSESSMENT YEAR 2014-15 2 4. WE HAVE GONE THROUGH THE REQUEST SUBMITTED BY TH E LD. AR AND SINCE THE SR. DR DOES NOT HAVE ANY OBJECTION, THE APPE AL IS ALLOWED TO BE WITHDRAWN. 5. IN THE RESULT, THE APPEAL OF THE ASSESSE E IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT IN THE PRESENCE O F THE PARTIES THROUGH VIDEO CONFERENCING. SD/- SD/- (K.N. CHARY) ( G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT D ATED: 31 ST JULY, 2020 GS COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR