Peopic Retail Private Limited, New Delhi V. ACIT, Circle-19(2), New Delhi

ITA 9090/DEL/2019

• Counselvise Citation: [2022] 140 COUNSELVISE.COM (IT) 116401 (ITAT-DELHI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-11-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Next Hearing Date: 23-11-2022
• Assessment Year: misc
• Appeal Filed On: 24-12-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘F’, NEW DELHI BEFORE SH. C.N. PRASAD, JUDICIAL MEMBER AND SH. PRADIP KUMAR KEDIA, ACCOUTANT MEMBER ITA No.9090/Del/2019 Assessment Year: 2015-16 Peopic Retail Private Limited 2 nd Floor, Khasra No.382, Plot No.4, M. G. Road, Sultanpur, New Delhi0110030 PAN No.AAGCP7152B Vs. ACIT Circle – 19 (2) New Delhi (APPELLANT) (RESPONDENT) Appellant by Sh. Akshay, AR Respondent by Sh. N. K. Bansal, SR DR Date of hearing: 24/11/2022 Date of Pronouncement: 24/11/2022 ORDER PER PRADIP KUMAR KEDIA AM: T h e c a p t i o n e d a p p e a l h a s b e e n f i l e d a t t h e i n s t a n c e o f t h e a s s e s s e e a g a i n s t t h e o r d e r o f t h e C o m m i s s i o n e r o f I n c o m e T a x ( A p p e a l s ) - 2 2 N e w D e l h i ( ‘ C I T ( A ) ’ i n s h o r t ) , d a te d 2 7 . 0 9 . 2 0 1 9 c o n c e r n i n g A Y 2 0 1 5 - 1 6 . 2 . T h e c a p t i o n e d a s s e s s e e h a s s o u g h t t o w i t h d r a w t he a p p e a l l i s t e d a b o v e o n t h e g r o u n d t h a t a s s e s s e e h a s o p t e d t o a v a i l b e n e f i t s o f ‘ V i v a d s e V i s h w a s S c h e m e , 2 0 2 0 ’ (V S V ) . I t i s s u b m i t t e d t h a t a s s e s s e e d o e s n o t s e e k t o p u r s u e t h e s a i d 2 a p p e a l o w i n g t o e x e r c i s e o f o p t i o n f o r a v a i l i n g V S V S c h e m e a n d c o n s e q u e n t l y r e q u e s t e d f o r w i t h d r a w a l o f a p p e a l m a y p l e a s e b e g r a n t e d . 3 . T h e l d . D e p a r t m e n t a l R e p r e se n t a t i v e f o r t h e R e ven u e s t a t e d t h a t h e h a s n o o b j e c t i o n t o w i t h d r a w t h e a p pe a l i n t h e c i r c u m s t a n c e s n a r r a t e d o n b e h a l f o f t h e a s s e s s e e . 4 . I n t h e l i g h t o f w r i t t e n r e q u e s t s m a d e o n b e h a l f o f t h e c a p t i o n e d p a r t y , t h e a p p e a l i s d i s m i s s e d a s w i t h d r aw n . H o w e v e r , i n t h e e ve n t , t h e a s s e s s e e f a i l s t o a v a i l t h e b e n e f i t o f V S V S c h e m e f o r a n y b o n a f i d e r e a s o n s , t h e n t h e a ss e s s e e c o n c e r n e d w i l l b e a t l i b e r t y t o s e e k r e s t o r a t i o n o f o r i g i n a l a p p e a l f o r h e a r i n g b e f o r e I T A T i n a c c o r d a n c e w i t h la w . 5 . I n t h e r e s u l t , t h e c a p t i o n e d a p p e a l i s d i s m i s s e d a s w i t h d r a w n . 6. The order is pronounced in the open court on 24.11.2022. Sd/- Sd/- (C.N. PRASAD) (PRADIP KUMAR KEDIA) JUDICIAL MEMBER ACCOUNTANT MEMBER *NEHA, Sr. Private Secretary Date:- .11.2022 Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI