DCIT, Circle-25(1), New Delhi V. The State Trading Corporation of India Ltd., New Delhi

ITA 7981/DEL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 6974 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 9 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-07-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2011-2012
• Appeal Filed On: 30-09-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 271(1)(c)

Judgement Text

Page | 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘H’, NEW DELHI Before Dr. B. R. R. Kumar, Accountant Member Shri Anubhav Sharma, Judicial Member ITA No. 7981/Del/2019 : Asstt. Year : 2011-12 DCIT, Circle-25(1), New Delhi Vs The State Trading Corporation of India Ltd., Jawahar Vyapar Bhawan, Tolstoy Marg, New Delhi (APPELLANT) (RESPONDENT) PAN No. AAACT0102F Assessee by : None Revenue by : Sh. M. Barnawal, Sr. DR Date of Hearing: 13.07.2022 Date of Pronouncement: 15.07.2022 ORDER Per Dr. B. R. R. Kumar, Accountant Member: This appeal is filed by the revenue against the order of the ld. CIT(A)-9, New Delhi dated 16.07.2019 for the Assessment Year 2011-12. 2. It has been brought to our notice that the Assessee has opted for VSV Scheme and order has been passed by the coordinate bench of the Tribunal in ITA Nos. 5009/Del/2016, 3462 & 3463/Del/2017 dated 17.03.2021 allowing withdrawal of the appeal. 3. Keeping in view of the provisions of VSV Scheme the penalty levied u/s 271(1)(c) is liable to be deleted and the appeal of the revenue is being dismissed as infructuous. Order Pronounced in the Open Court on 15/07/2022. Sd/- Sd/- (Anubhav Sharma) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 15/07/2022 *Ajay Kumar Keot, Sr. PS*