ACIT, Circle- 18(1), New Delhi V. Nearbuy India P.Ltd, New Delhi

ITA 7735/DEL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 7327 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 11 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-09-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2016-2017
• Appeal Filed On: 19-09-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘E’, NEW DELHI BEFORE SAKTIJIT DEY, JUDICIAL MEMBER AND SH. N. K. BILLAIYA, ACCOUNTANT MEMBER ITA No.7735/Del/2019 Assessment Year: 2016-17 ACIT Circle – 18 (1) New Delhi Vs Nearbuy India P. Ltd. 22, LSC, Push Vihar, Saket, New Delhi PAN No.AABCF5352Q (APPELLANT) (RESPONDENT) Appellant Ms. Rakhi Vimal, CIT DR Respondent Sh. Parth, Advocate Date of hearing: 14/09/2022 Date of Pronouncement: 14/09/2022 ORDER PER N.K. BILLAIYA, AM: This appeal by the revenue is preferred against the order of the CIT(A)-6, Delhi dated 05.07.2019 for A.Y.2016-17. 2. The solitary grievance of the revenue is that the CIT(A) erred in not upholding the disallowance amounting to Rs.211625723/- made by the AO on account of AMP expenses. 2 3. At the very outset the Counsel for the assessee stated that the impugned quarrel has been settled by the assessee under the VSVS Act, 2020. The Counsel submitted form 3 and form 4 in support of his submission. 4. We have carefully perused form 3 wherein the details of pending appeal has a reference to ITA No.7735/Del/2019 which is the impugned appeal. 5. Noting the contents and the submission of the Counsel this appeal by the revenue is treated as infructuous. However, the revenue is given a liberty to approach this Tribunal if the AO finds that the impugned quarrel has not been settled under the VSVS 2020. 6. Decision announced in the open court on 14.09.2022. Sd/- Sd/- (SAKTIJIT DEY) (N. K. BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER *NEHA, Sr. Private Secretary* Date:- .09.2022 Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI