Readers Digest Book And Home Entertainment India (Pvt.) Ltd., New Delhi V. DCIT, CIRCLE- 21(1), New Delhi

ITA 7575/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 2494 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I2
• Assessment Year: 2013-2014
• Appeal Filed On: 18-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M BARANWAL
• Assessee Lawyers: LATIKA
• Section: 143(3); 144C

Judgement Text

ITA 7575/DEL/2017 PAGE | 1 INCOME TAX APPELLATE TRIBUNAL [ DELHI BENCH I2: NEW DELHI ] BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER A N D SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 7575/DEL/2017 (ASSESSMENT YEAR : 2013-14) READERS DIGEST BOOK AND HOME ENTERTAINMENT INDIA (PVT.) LTD., G41, GROUND FLOOR, WEST PATEL NAGAR, NEW DELHI 110 008. PAN: AADCR0848P VS. D CIT , CIRCLE : 21 (1) NEW DELHI (APPELLANT) (RESPONDENT) ASSESSEE BY : MS. LATIKA , ADV OCATE ; REVENUE BY: SHRI M. BARANWAL, SR. DR; DATE OF HEARING : 1 7 /02/2021 DATE OF PRONOUNCEMENT : 17 /02/2021 O R D E R PER PRASHANT MAHARISHI, A. M. 1. THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER PASSED BY THE DY. CIT (APPEALS), CIRCLE 21 (1), NEW DELHI, DATED 30.10.2017, UNDER SECTION 143(3) READ WITH SECTION 144C OF THE INCOME TAX ACT, 1961 (THE ACT) FOR ASSESSMENT YEAR 2013-14. 2. WHEN THE MATTER IS CALLED UP FOR HEARING THE LD AR OF THE ASSESSEE SUBMITTED A LETTER DATED 16.02.2021 WHEREIN, IT IS SUBMITTED THAT ASSESSEE HAS ALREADY OPTED FOR SETTLEMENT OF THE DISPUTE INVOLVED IN THIS APPEAL UNDER THE DIRECT TAXES VIVAAD SE VISHWAS ACT, 2020 BY FILING FORM NOS. 1 AND 2. SUBSEQUENTLY, FORM NO. 3 AS PER SECTION 5(1) OF THE VIVAAD SE VISHWAS ACT, 2020 WAS ALSO ISSUED TO THE COMPANY ON 24.12.2020. 3. THE LD. DR ALSO AGREED WITH THE ABOVE CONTENTIONS. ITA 7575/DEL/2017 PAGE | 2 4. IN VIEW OF THE ABOVE FACTS THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 5. ACCORDINGLY, APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 17/02/2021. SD/- SD/- ( KULDIP SINGH ) (PRASHANT MAHARISHI) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 17/02/2021. *MEHTA* COPY FORWARDED TO 1. APPELLANT; 2. RESPONDENT 3. CIT 4. CIT (A) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI ITA 7575/DEL/2017 PAGE | 3 D ATE OF DICTATION 1 7 .02.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 1 7 .02.2021 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 1 7 .02.2021 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR. PS/ PS 1 7 .02.2021 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 1 7 .02.2021 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 1 7 .02.2021 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT 1 7 .02.2021 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 1 7 .02.2021 DATE ON WHICH THE FILE GOES TO THE HEAD CLERK THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER