Shree Sidhbali Ispat Ltd, New Delhi V. ACIT, Circle-23(1), New Delhi

ITA 7606/DEL/2018

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 2360 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 10 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 30-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: AGAINST DATED PASSED
• Section: 22

Judgement Text

1 ITA NO. 7606/DEL/2018 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: A NEW DELHI BEFORE SHRI R. K. PANDA ACCOUNTANT MEM BER AND SH. KULDIP SINGH, JUDICI AL MEMBER I.T.A. NO. 7606/DEL/201 8 (A.Y 2010-11) (THROUGH VIDEO CONFER ENCING) SHREE SIDHBALI ISPAT LTD. C-268, 2 ND FLOOR, OPPOSITES, VIVEKHAND COLLEGE, VIVEK VIHAR, NEW DELHI AAICS7644D (APPELLANT) VS ACIT CIRCLE-23(1 NEW DELHI (RESPONDENT) ORDER PER R. K. PANDA, AM THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE OR DER DATED 10/09/2018 PASSED BY CIT(A)-8 NEW DELHI FOR ASSESSMENT YEAR 20 10-11. 2. BEFORE US, THE LD. AR SUBMITTED THAT THE ASSESS EE HAS MOVED AN APPLICATION DATED 22 ND SEPTEMBER, 2021 TO RESOLVE THE PENDING ISSUE THROU GH DIRECT TAX VIVAD SE VISHWASH SCHEME (VSV) ACT, 20 20, AND HAS FILED DECLARATION FORM NO. 1 & 2 AND FORM NO. 3 IS ALSO R ECEIVED. 3. IN VIEW OF THE AFORESAID FACTS AND AFTER CONSIDE RING THE SUBMISSIONS OF THE ASSESSEE, WE DISMISS THE APPEAL OF REVENUE SUBJ ECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTION ED ASSESSMENT YEAR IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORESAID ACT, THE ASSESSEE SHALL BE AT LIBERTY APPELLANT BY SH. ASHISH SACHDEVA, CA RESPONDENT BY SH. OM PRAKASH, SR. DR DATE OF HEARING 27.10.2021 DATE OF PRONOUNCEMENT 27.10.2021 2 ITA NO. 7606/DEL/2018 TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE A PPEAL AND THE TRIBUNAL SHALL CONSIDER THE SAME. THE APPEAL OF THE REVENUE IS DIS MISSED. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 27TH DA Y OF OCTOBER, 2021 IN PRESENCE OF BOTH THE PARTIES. SD/- SD/- (KULDIP SINGH) (R. K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEM BER DATED : 27/10/2021 R. NAHEED * COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI 3 ITA NO. 7606/DEL/2018