ASIA SATELLITE TELECOMMUNICATIONS CO. LTD., HONG KONG V. DCIT, CIRCLE- 1(1)(1), INTL. TAXATION, NEW DELHI

ITA 7907/DEL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4037 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 8 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2016-2017
• Appeal Filed On: 27-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SHUBHANGI ARORA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE, SHRI G. S. PANNU, VICE PRESIDENT AND SHRI AMIT SHUKLA, JUDICIAL MEMBER I.T.A NO.7907/DEL/2019 (ASSESSMENT YEAR 2016-1 7 ) ASIA SATELLITE TELECOMMUNICATIONS COMPANY LIMITED 15, DAI KWAI STREET, TAI PO INDUSTRIAL ESTATE, NT, HONG KONG. PAN-AADCA 7848N VS. DY.CIT (INTERNATIONAL TAXATION), CIRCLE 1(1)(1), CIVIC CENTRE, NEW DELHI.110 002 (APPELLANT) (RESPONDENT) APPELLANT BY MS. SHUBHANGI ARORA, AR RESPONDENT BY SH. MAHESH THAKUR, SR. DR DATE OF HEARING 28.05.2021 DATE OF PRONOUNCEMENT 28.05.2021 ORDER PER G.S.PANNU, VP: THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2016-17 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-42, NEW DELHI DATED 31.07.2019. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE LETT ER DATED 31 ST MARCH, 2021 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE AND STATED THAT 2 ITA NO.7907 /DEL/2019 ASIA SATELLITE TELECOMMUNICAT IONS CO. LTD. VS. DCIT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATI NG TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5 (1) OF THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF T HE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 28 TH MAY, 2021. SD/- SD/- (AMIT SHUKLA) (G.S.PANNU) JUDICIAL MEMBER VICE PRESIDENT PK/PS COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI