ITO , Ward-20(3), New Delhi V. RCM Broking Services Ltd., New Delhi

ITA 8496/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 6856 (ITAT-DELHI)
• Duration Of Justice: 10 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-09-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 30-10-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: UMANG LUTHRA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI FRIDAY BENCH FRIDAY-A : NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA NO. 8496/DEL/2019 ASSESSMENT YEAR : 2010-11 ITO, WARD 20(3), NEW DELHI 2 VS. RCM BROKING SERVICES LTD., 41, 2 FLOOR, RANI JHANSHI ROAD, NEW DELHI -55 (PAN : AAACR3549L) (APPELLANT) (RESPONDENT) APPELLANT BY : MS. UMANG LUTHRA, ADV. RESPONDENT BY : MS. RAKHI VIMAL, SR. DR DATE OF HEARING : 11.09.2020 DATE OF PRONOUNCEMENT : 11.09.2020 ORDER PER G.S. PANNU, VP : THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2010-1 1 IS DIRECTED AGAINST THE ORDER OF LD. CIT(A)-7, NEW DELHI DATE D 07.08.2019. 2. LD. COUNSEL FOR THE ASSESSEE VIDE EMAIL DATED 05.09.202 0 HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE REVENU E AND STATED THAT ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ITA-8496/DEL/2019 2 ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISH WAS SCHEME, 2020. 3. LEARNED DR HAS AGREED TO THE AFORESAID PROPOSITION OF THE LD. COUNSEL FOR THE ASSESSEE. 4. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE REVENUE HAS BECOME INFRUCTUOUS, HENCE, THE SAME IS DISMISSED AS SUCH. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOTH THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 11 SEPTEMBER, 2020. SD/- SD/- (K. NARASIMHA CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SRB. COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR