MGF Securities Pvt Ltd, New Delhi V. ITO WARD - 16(4), New Delhi

ITA 7996/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 4157 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2010-2011
• Appeal Filed On: 01-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: E NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SH. H.S.SIDHU, JUDICI AL MEMBER AND SH. ANADEE NATH MISSHRA, ACCOUNTA NT MEMBER ITA NO. 7996/DEL./2019 ASSESSMENT YEAR : 2010-11 MGF SECURITIES PVT. LTD. ASAF ALI ROAD, NEW DELHI-110002 PAN : AADCM4374P (APPELLANT) VS ITO, WARD-16(4) NEW DELHI (RESPONDENT) ASSESSEE BY MS. BHARTI SHARMA , ADV. REVENUE BY MS. RAKHI VIMAL, SR. DR ORDER PER ANADEE NATH MISSHRA, A.M. THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAIN ST THE APPELLATE ORDER OF THE LD. CIT(A)-6, NEW DELHI, DAT ED 23.09.2019 FOR THE ASSESSMENT YEAR 2010-11. 2. AT THE VERY OUTSET, THE LEARNED COUNSEL FOR THE ASSESSEE STATED THAT THE APPELLANT HAS OPTED TO SET TLE THE DISPUTE IN THE APPEAL, UNDER VIVAD SE VISHWAS SCHEM E AND DATE OF HEARING 27.10.2020 DATE OF PRONOUNCEMENT 28 . 1 0 .20 20 2 (ITA NO. 7996.D.2019) THAT THE ASSESSEE WAS AWAITING THE ACCEPTANCE BY RE VENUE FOR SETTLEMENT OF THE DISPUTES UNDER THE AFORESAID SCHE ME. 3. AFTER DUE CONSIDERATION OF THE MATTER AND IN VIE W OF THE FOREGOING, WE TREAT THIS APPEAL AS WITHDRAWN ON ACC OUNT OF THE AFORESAID SCHEME, SUBJECT TO SETTLEMENT OF THE DISPUTES IN THIS APPEAL UNDER THE AFORESAID SCHEME. 4. WITH THESE DIRECTIONS, THE APPEAL OF THE ASSESSE E IS DISMISSED, BEING TREATED AS WITHDRAWN. THE ASSESSEE WILL BE AT LIBERTY TO APPROACH TRIBUNAL FOR RESTORATION OF APPEAL IF THE DISPUTES IN THIS APPEAL ARE NOT SETTLED UNDER THE A FORESAID SCHEME. 5. FOR STATISTICAL PURPOSES THIS APPEAL IS DISMISSE D. ORDER PRONOUNCED IN THE OPEN COURT ON 28 TH OCTOBER, 2020 . SD/- SD/- (H.S.SIDHU) (AN ADEE NATH MISSHRA) JUDICIAL MEMBER ACCOUNTAN T MEMBER DATED: 28/10/2020 *BINITA* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT 3 (ITA NO. 7996.D.2019) ASSISTANT REGISTRAR ITAT NEW DELHI DATE OF DICTATION 2 7 /10 /2020 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 2 7 / 10 /20 20 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 2 7 / 1 0 / 2 0 2 0 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR. PS/PS 28/10/2020 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 28/10/2020 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/PS 28/10/2020 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT 2 9 / 1 0 / 2 0 2 0 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 29/10/2020 DATE ON WHICH THE FILE GOES TO THE HEAD CLERK