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ITA 9408/DEL/2019

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 7788 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-07-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 05-12-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “B” NEW DELHI BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER AND SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER आयकर अपील सं./I. T. A. No. 9408/ De l/ 2019 ( नधा रण वष / As s es s ment Yea r : 2013-14) A C IT Ci r c l e – 7 (1 ) N e w D e l hi बनाम/ V s . D B ( Int e r na ti o n a l ) S t oc k B r o ke rs Lt d. F l a t N o. 40 2, 4t h F l oo r, N e w D e l hi H ou s e, 27 B ar ak h a m b a R o a d, N e w D e l hi थायी लेखा सं./जीआइआर सं./P A N / G IR N o . A A A C D 0 8 5 2 G (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से /Appellant by : Sh. B. K. Singh, Sr. DR यथ क ओर से / Respondent by : Written representation from CA Vipin Jain सुनवाई क तार ख / D a t e o f H e a r i ng 30.06.2022 घोषणा क तार ख /D a te o f P r o n o u nc e me n t 13.07.2022 आदेश/O R D E R PER PRADIP KUMAR KEDIA, AM: T he c a p t i on e d a pp e al h as b ee n fi l e d a t t he i ns t a n c e o f t he Re ve n ue a g a i ns t t he or d e r o f t h e C o m mi s s io ne r o f I nc o m e T a x (A p pe a l s ) -3 4, N e w D el hi ( ‘C I T (A ) ’ i n s ho r t ) , da t e d 3 0. 09 . 20 1 9 c on c e r n i n g A Y 2 013 -1 4. 2. Wh en t h e m at t e r w as ca l l e d fo r h e a ri ng in t he c ap ti on e d Re ve n ue ’s a pp e a l , i t w a s n ot i c e d fr o m w r i t t e n r e p r es e n t at i o n fr o m t he L d. Cou n s el f or t h e A s s e sse e M r. V ip in J a i n, C A t ha t t h e de s i g na te d a u t h ori t y ha s a l r e a dy g ra n t e d c e r t i fi c a te e l ec tr oni c a l l y to t he de cl a ra n t a s s e s s ee co nc er ni n g t he pa r t i c u l ar s of t he t ax ar re ar s a nd t he a mo u nt pa ya b l e in p re s c r i b ed F or m -5 no t i f i ed in ‘V i v a d s e V i s hw as ’ S che m e 2 0 20’ (V S V ) r e a d w i th Ru l e s fra me d t he re un d e r . It i s t h u s, urge d o n b eh a l f o f A s s es s e e t ha t A s s e ssee do es not s e e k t o de fe nd t h e s ai d a pp e a l ow i n g t o e x e rc is e o f o p t ion fo r a va i li n g V S V S ch e me, a nd c o ns e q ue nt ly ur ge d t ha t as s e s s ee ’s r e qu e s t fo r c lo s u re o f Re v e n ue ’s a ppe al ma y p l e as e be gr a nt ed . 3. T he l d. D e pa r t me n t al R e p r es e n t a t i ve fo r t he R e v enu e s t a t e d t ha t h e h as n o ob j e ct i on to w i t h d ra w i t s a pp e al ha vi n g r e g ar d t o t h e a pp l i ca t i on fr o m a s s e s s ee t o av ai l th e on goi ng s c h eme . 4. In t he l ig h t o f w r it t en r eq ue s ts ma de o n be ha l f o f t he c ap ti on e d A s s e s se e , t he a p pe al o f R e ve n u e i s di s mi ss ed i n l i mi ne . H ow e ver , i n t h e e ve n t , t he A s s es s e e fa i ls t o a va i l t h e be ne fi t o f V S V S c he me fo r a n y r e a s ons , t h en t h e R e v e n ue w i l l be at l i be rt y t o s e ek re s t o ra t i o n o f o ri gi n al a pp ea l fo r h ea r i n g be for e IT A T i n a cc or da n ce w it h l a w . 5. In th e r es u l t , t he ca p t i o n e d a p pe al fi l e d by t he re ve nu e i s di s mis s e d a s w i t h dr a w n. Sd/- Sd/- (N.K. CH OUDRY) (PRA DI P KUMA R KEDI A) JUDI CI AL M EMBER ACCOUN TANT M EM BER Dated:13/07/2022 *Neha* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI This Order pronounced on 13 /07/2022