Soma International Pvt.Ltd., New Delhi V. ITO, ward-24(1), New Delhi

ITA 85/DEL/2020

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 121158 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 5 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-06-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 13-06-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 02-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 6; 2; 250

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI BEFORE SH. ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SH. ANUBHAV SHARMA, JUDICIAL MEMBER ITA No.85/Del/2020 (Assessment Year : 2011-12) Soma International Pvt. Ltd., 23-4, Chadha Bhawan, Shakti Nagar, New Delhi – 110 007 PAN No. AAMCS 7258 P Vs. ITO Ward – 24(1) New Delhi (APPELLANT) (RESPONDENT) Assessee by An application for withdrawal Revenue by Shri H. K. Choudhary, CIT-D.R. Date of hearing: 14.06.2023 Date of Pronouncement: 14.06.2023 ORDER PER ANUBHAV SHARMA, JM : This appeal has been preferred by the assessee against the appellate order dated 31.10.2019 u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as "The Act") passed by Commissioner of Income Tax (Appeals)- 8, New Delhi, being appeal no. 10355/18-19. 2. Heard and perused the record. An application dated 12.05.2023 has been filed, for withdrawal of the appeal by the assessee, in furtherance of settlement arrived under The Direct Tax Vivad Se Vishwas Act, 2020 (The Act of 2020). ITA No.85/Del/2020 Soma International Pvt. Ltd.. vs. ITO 2 3. On behalf of the appellant Form No. 5 under the Act of 2020 has been placed on record which is issued under sub-section 2 of Section 5 read with section 6 of the Act of 2020. 4. The sub section (2) of section 4 of the Act of 2020 provides that on issuance of certificate under sub section (1) of section 5 by the designated authority the appeal pending before this tribunal shall be deemed to have been withdrawn from the date on which the said certificate is issued. 5. In the light of aforesaid, the appeal in hand stands dismissed. 6. However, subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of The Act of 2020, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application, appropriately as per law. Order pronounced in the open court on 14.06.2023 Sd/- Sd/- (ANIL CHATURVEDI) (ANUBHAV SHARMA) ACCOUNTANT MEMBER JUDICIAL MEMBER Date:- 14.06.2023 Priti Yadav* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI