Rathi Rod Mills Ltd, Delhi V. ITO WARD - 21(1), New Delhi

ITA 852/DEL/2020

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9919 (ITAT-DELHI)
• Duration Of Justice: 10 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2011-2012
• Appeal Filed On: 19-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GAURAV DUDEJA SENIOR
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH C CC C : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI SHRI SHRI SHRI K.N. CHAR K.N. CHAR K.N. CHAR K.N. CHARY YY Y , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO . .. . 852 852 852 852 /DEL/ /DEL/ /DEL/ /DEL/ 20 2020 20 20 2020 20 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 2011 2011 2011 2011 - -- - 12 1212 12 M/S RATHI ROAD MILLS LTD. M/S RATHI ROAD MILLS LTD. M/S RATHI ROAD MILLS LTD. M/S RATHI ROAD MILLS LTD. NO.1/5 NO.1/5 NO.1/5 NO.1/5812, K. L. RATHI STEEL 812, K. L. RATHI STEEL 812, K. L. RATHI STEEL 812, K. L. RATHI STEEL PREMISES, LONI ROAD, PREMISES, LONI ROAD, PREMISES, LONI ROAD, PREMISES, LONI ROAD, SHAHDRA, SHAHDRA, SHAHDRA, SHAHDRA, DELHI DELHI DELHI DELHI- -- -110032 110032 110032 110032 PAN PAN PAN PAN- -- -AAACR0007M AAACR0007M AAACR0007M AAACR0007M VS. VS. VS. VS. ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -21(1), 21(1), 21(1), 21(1), NEW DELHI NEW DELHI NEW DELHI NEW DELHI (APPELLANT) (RESPONDENT) APPELLANT BY : MS. SOMYA JAIN, CA RESPONDENT BY : SHRI GAURAV DUDEJA , SENIOR DR. DATE OF HEARING : 29 2929 29.1 .1.1 .12 22 2.2020 .2020 .2020 .2020 DATE OF PRONOUNCEMENT : 29 2929 29.12 .12.12 .12. .. .2020 2020 2020 2020 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEA R 2011-12 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-7, NEW DELHI, DATED 16.01.2020. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE LETTE R DATED 26.12.2020 HAS REQUESTED FOR WITHDRAWAL OF THE APPE AL FILED BY THE ASSESSEE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020 IN ACCORDAN CE WITH DIRECT TAX VIVAD SE VISHWAS ACT, 2020 (IN SHORT THE ACT) . 3. LEARNED SENIOR DR HAS NO OBJECTION. ITA-852/DEL/2020 2 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 IN THE PRESENCE OF BOT H THE SIDES ON CONCLUSION OF VIRTUAL HEARING ON 29 TH DECEMBER, 2020. SD/- SD/- ( (( ( K.N. CHAR K.N. CHAR K.N. CHAR K.N. CHAR Y YY Y ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESI VICE PRESI VICE PRESI VICE PRESI DENT DENT DENT DENT F{X~{T COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR