UNITED EDUCATIONAL SOCIETY, GHAZIABAD V. ITO, Exemption Ward , GHAZIABAD

ITA 9353/DEL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 2619 (ITAT-DELHI)
• Duration Of Justice: 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2015-2016
• Appeal Filed On: 05-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: UMANG LUTHRA
• Keywords: Sale consideration of property below Jantri Value

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SMT. MADHUMITA ROY, JUDICIAL MEMBER ITA NO.9353/DEL/2019 ASSESSMENT YEAR : 2015-16 M/S UNITED EDUCATIONAL SOCIETY, OPP. INDIRA PRIYADARSHINI PARK, HINDON BRIDGE GT ROAD, GHAZIABAD-201010 PAN :AAAAU0750C VS. INCOME TAX OFFICER, EXEMPTION WARD, GHAZIABAD (APPELLANT) (RESPONDENT) APPELLANT BY : MS. UMANG LUTHRA, ADV RESPONDENT BY : SHRI. M. BARANWAL, SR. DR DATE OF HEARING : 26.11.2020 DATE OF PRONOUNCEMENT : 26.11.2020 ORDER PER G.S. PANNU, VP : THIS APPEAL BY THE ASSESSEE FOR THE ASSESSMENT YEAR 2015-16 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A), GHAZIABAD DATED 10.10.2019. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE ITS LETTER DATED 20.11.2020, RECEIVED THROUGH EMAIL, HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY HER AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO ITA-9353/DEL/2019 2 THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 2020. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE APPEAL. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING IN THE PRESENCE OF BOTH THE PARTIES ON 26 TH NOVEMBER, 2020. SD/- SD/- (MADHUMITA ROY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SH COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR