Indian Oil Foundation, New Delhi V. ITO, Ward-2(3), New Delhi

ITA 7634/DEL/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9987 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 2 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 20-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: C NEW DELHI BEFORE SHRI O.P. KANT, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER [THROUGH VIDEO CONFERENCING] ITA NO.7634/DEL./2017 ASSESSMENT YEAR: 2014-15 M/S. INDIAN OIL FOUNDATION, SCOPE COMPLEX, 7-INSTITUTIONAL AREA, CIRCLE-II, LODHI ROAD, NEW DELHI VS. ITO, WARD-2(3), NEW DELHI PAN :AAATI2737A (APPELLANT) (RESPONDENT) ORDER PER O.P. KANT, AM: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-40, DE LHI, DATED 31.10.2017, PASSED FOR ASSESSMENT YEAR 2014-15. 2. WE HAVE HEARD INCOME TAX OFFICER APPEARING FOR THE DEPARTMENT THROUGH VIDEO CONFERENCING. 3. NONE PRESENT OF THE ASSESSEE. THE ASSESSEE, VIDE I TS APPLICATION DATED 8 TH MARCH, 2021, REQUESTED FOR WITHDRAWAL OF THE APPEAL AS IT HAS OPTED TO SETTLE THE DISPUTE R ELATING TO THE TAX APPELLANT BY NONE RESPONDENT BY MS. MANJU ANAND, ITO DATE OF HEARING 11.03.2021 DATE OF PRONOUNCEMENT 11.03.2021 2 ITA NO.7634/DEL./2017 ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION , UNDER THE VIVAD SE VISHWAS SCHEME, 2020. IT HAS BEEN SUBMITTE D THAT THE APPLICATION FILED BY THE ASSESSEE HAS BEEN ACCEPTED AND THE COMMISSIONER OF INCOME TAX (EXEMPTION) HAS ISSUED O RDER FOR FULL AND FINAL SETTLEMENT OF TAX ARREARS UNDER SECTION 5 (2) OF DIRECT TAXES VIVAD SE VISHWAS ACT, 2020 IN FORM 5, WHICH IS PLACED ON RECORD. THE ASSESSEE, THEREFORE, SEEKS PERMISSION T O WITHDRAW THE APPEAL. 2. IN VIEW OF THE AFORESAID, THE APPEAL OF THE ASSESS EE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (SUCHITRA KAMBLE) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 11 TH MARCH, 2021. RK/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI